Recent Updates — MRT
Marti Technologies reported revenue of $35.4 million for the six months ended June 30, 2026, a 147.2% increase from $14.3 million in the prior year period. The company recognized an $8.3 million non-cash loss on debt extinguishment resulting from Amendment No. 2 to its April 2025 Note Subscription Agreement, which reduced the reset conversion rate multiplier for its 12.50% Convertible Senior Secured Notes due April 2029 from 1.65 to 1.05. Net loss widened to $19.9 million from $19.3 million in the same period last year, while Adjusted EBITDA turned positive at $2.4 million compared to a negative $6.0 million previously. The company also authorized a new share repurchase program for up to $2.5 million of Class A ordinary shares with a ceiling price of $6.00 per share. Marti Technologies operates in the technology and transportation industry, providing tech-enabled ride-hailing, delivery, and two-wheeled electric vehicle services to consumers in Türkiye.
Marti Technologies, Inc. reported second quarter 2026 results showing revenue increased 141% year-over-year to $20.0 million, driven by ride-hailing growth and platform monetization. The company achieved positive Adjusted EBITDA of $2.9 million for the first time, with gross profit margin expanding to 77%. Net loss widened to $12.5 million due to an $8.3 million one-time non-cash loss on debt extinguishment related to convertible note amendments. Marti increased its full-year 2026 revenue guidance to $85.0 million and Adjusted EBITDA guidance to $7.0 million. The company also announced a strategic partnership with Tensor to deploy autonomous vehicles on its platform in Türkiye. Marti Technologies, Inc. operates as a mobility super app providing ride-hailing, delivery, and electric vehicle rental services in Türkiye.
On July 13, 2026, Marti Technologies, Inc. announced a multi-year strategic partnership with Tensor to purchase and deploy Tensor autonomous vehicles on its mobility platform throughout cities in Türkiye. Marti Technologies, Inc. operates a mobility platform.
On June 24, 2026, the Istanbul 14th Commercial Court of First Instance ruled that the ride-hailing service of Marti İleri Teknoloji A.Ş, a subsidiary of Marti Technologies, Inc., constitutes unfair competition under the Turkish Commercial Code. The Court rejected requests for an interim injunction to block the company's website and mobile applications, and found no unfair competition regarding e-scooter and e-moped services. All company operations remain uninterrupted, and the company intends to appeal the decision within the statutory two-week period following receipt of the reasoned decision. Marti Technologies operates in the urban mobility industry, providing ride-hailing, electric vehicle rentals, and delivery services.