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Marti Technologies Inc. (MRT)


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Upturn Advisory Summary
10/15/2025: MRT (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $5
1 Year Target Price $5
2 | Strong Buy |
1 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -27.67% | Avg. Invested days 27 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 177.09M USD | Price to earnings Ratio - | 1Y Target Price 5 |
Price to earnings Ratio - | 1Y Target Price 5 | ||
Volume (30-day avg) 4 | Beta 0.28 | 52 Weeks Range 1.81 - 3.89 | Updated Date 10/17/2025 |
52 Weeks Range 1.81 - 3.89 | Updated Date 10/17/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.13 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -290.07% | Operating Margin (TTM) -87.52% |
Management Effectiveness
Return on Assets (TTM) -177.8% | Return on Equity (TTM) 85.43% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 263392375 | Price to Sales(TTM) 7.21 |
Enterprise Value 263392375 | Price to Sales(TTM) 7.21 | ||
Enterprise Value to Revenue 10.72 | Enterprise Value to EBITDA -7.88 | Shares Outstanding 78708475 | Shares Floating 32532527 |
Shares Outstanding 78708475 | Shares Floating 32532527 | ||
Percent Insiders 49.66 | Percent Institutions 9.52 |
Upturn AI SWOT
Marti Technologies Inc.
Company Overview
History and Background
Marti Technologies Inc. (MRTI) was founded in 2018 and is based in Turkey. It provides a mobility app, offering ride-hailing services using e-scooters, e-mopeds, and e-bikes. Initially, the company focused on Turkey but has been expanding internationally.
Core Business Areas
- Micromobility Services: Offers on-demand e-scooters, e-mopeds, and e-bikes for short-distance travel. This includes rental and operational management of these vehicles.
- Ride-Hailing App: Provides a user-friendly application for locating, unlocking, and paying for micromobility vehicles.
- Advertising: Generating additional income by offering advertisement on the app.
Leadership and Structure
The leadership team includes executives with backgrounds in technology, operations, and finance. The company structure is organized to support its operational needs in multiple cities and countries.
Top Products and Market Share
Key Offerings
- E-Scooter Rentals: E-scooter rentals form the core business, providing users with a convenient and eco-friendly transportation option. Market share data is difficult to pinpoint precisely across all global markets where they operate, but they are a significant player in Turkey and expanding into other regions. Competitors include Bird, Lime, and local micromobility providers.
- E-Moped Rentals: Electric moped rentals cater to users needing slightly longer distances than scooters. Market share data for e-mopeds is less readily available. Competitors include companies offering shared moped services and traditional scooter rentals.
- E-Bike Rentals: Electric bike rentals provides another micromobility option for longer trips. Competitors include companies offering shared e-bike services and traditional bicycle rentals.
Market Dynamics
Industry Overview
The micromobility industry is growing rapidly, driven by increasing urbanization, environmental concerns, and the desire for convenient transportation alternatives. However, it faces challenges related to regulations, safety, and infrastructure.
Positioning
Marti Technologies Inc. is positioning itself as a leading micromobility provider, focusing on expanding its geographic reach and improving its technology platform. It faces competition from established players and new entrants.
Total Addressable Market (TAM)
The global micromobility market is estimated to reach hundreds of billions of dollars in the coming years. Marti Technologies Inc. is positioned to capture a portion of this market through geographic expansion and service diversification.
Upturn SWOT Analysis
Strengths
- Strong presence in Turkey
- Diverse micromobility options (e-scooters, e-mopeds, e-bikes)
- Technology platform for ride-hailing and fleet management
- Brand recognition in key markets
Weaknesses
- Limited geographic diversification
- Dependence on regulatory approvals
- Profitability challenges in a competitive market
- Potential for vandalism and theft of vehicles
Opportunities
- Geographic expansion into new markets
- Partnerships with municipalities and transportation providers
- Development of new micromobility solutions
- Integration with public transportation systems
Threats
- Intense competition from established players
- Changing regulations and safety standards
- Economic downturn impacting consumer spending
- Seasonal fluctuations in demand
Competitors and Market Share
Key Competitors
- Lime (None)
- Bird (None)
- Spin (None)
Competitive Landscape
Marti Technologies Inc. competes with larger, more established players in the micromobility industry. Its strengths include its presence in Turkey and its diverse range of vehicle options. Its weaknesses include its limited geographic diversification and profitability challenges.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been focused on expanding its presence within Turkey and launching in new international markets.
Future Projections: Future growth is projected to be driven by geographic expansion, increased adoption of micromobility solutions, and partnerships with municipalities.
Recent Initiatives: Recent initiatives include launching in new cities, expanding its fleet of vehicles, and enhancing its technology platform.
Summary
Marti Technologies Inc. is a growing micromobility provider with a strong presence in Turkey. It is expanding into new markets and offering a diverse range of vehicle options. However, it faces intense competition and profitability challenges. The company needs to continue to innovate and expand its geographic reach to succeed in the long term. Marti Technologies Inc. has a large runway for growth, but must focus on key metrics to improve performance.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company website
- Press releases
- Industry reports
- Financial news sources
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute financial advice. Market share estimates are approximate.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Marti Technologies Inc.
Exchange NYSE | Headquaters - | ||
IPO Launch date 2016-09-29 | Founder, CEO & Chairman Mr. Oguz Alper Oktem | ||
Sector Technology | Industry Software - Application | Full time employees 442 | Website https://www.marti.tech |
Full time employees 442 | Website https://www.marti.tech |
Marti Technologies, Inc. provides tech-enabled urban transportation services to riders in Turkey. It also operates a mobility app that provides multiple transportation services, such as a ride hailing service that matches riders with car, motorcycle, and taxi drivers, as well as operates a fleet of e-mopeds, e-bikes, and e-scooters. In addition, the company offers driver subscription package, which enables riders to purchase the Marti rides in advance by daily or weekly. The company was founded in 2018 and is headquartered in Istanbul, Turkey.

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