
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI SWOT
- About
Marti Technologies Inc. (MRT)



- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)


(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
08/28/2025: MRT (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $5.15
1 Year Target Price $5.15
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 ![]() |
![]() ![]() | ![]() ![]() |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 195.20M USD | Price to earnings Ratio - | 1Y Target Price 5.15 |
Price to earnings Ratio - | 1Y Target Price 5.15 | ||
Volume (30-day avg) 4 | Beta 0.33 | 52 Weeks Range 1.76 - 3.89 | Updated Date 08/29/2025 |
52 Weeks Range 1.76 - 3.89 | Updated Date 08/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.25 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Earnings Date
Report Date 2025-08-07 | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) -463.53% |
Management Effectiveness
Return on Assets (TTM) -135.61% | Return on Equity (TTM) 85.43% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 190619917 | Price to Sales(TTM) 10.46 |
Enterprise Value 190619917 | Price to Sales(TTM) 10.46 | ||
Enterprise Value to Revenue 10.22 | Enterprise Value to EBITDA -7.88 | Shares Outstanding 78708496 | Shares Floating 31133622 |
Shares Outstanding 78708496 | Shares Floating 31133622 | ||
Percent Insiders 49.66 | Percent Institutions 13.36 |
Upturn AI SWOT
Marti Technologies Inc.
Company Overview
History and Background
Marti Technologies, Inc. (ticker MRT) was founded in 2018. Marti operates as a ride-hailing company in Turkey, offering micro-mobility solutions through its app, primarily focusing on e-scooters, e-mopeds and e-bikes. The company went public via a SPAC merger.
Core Business Areas
- E-Scooter Rentals: Marti's primary business is providing e-scooter rentals through its mobile app in urban areas. Users can locate, unlock, and pay for rides using the app.
- E-Moped Rentals: Marti also offers e-moped rentals, targeting users who need to travel longer distances or require more carrying capacity.
- E-Bike Rentals: Marti provides electric bicycle rentals within its mobility platform. E-bikes can offer alternative mobility to E-scooters and E-mopeds.
Leadership and Structure
The leadership team consists of Alper Onar (Founder & CEO), Sena Alkan (CFO), and others in key operational roles. The organizational structure involves teams focused on technology, operations, marketing, and finance.
Top Products and Market Share
Key Offerings
- E-Scooter Rentals: E-scooters are the company's primary offering. Market share data is difficult to pin down precisely but Marti is considered the leading player in the Turkish market. Competitors include BinBin and HOP!. Revenue for this segment constitutes the largest portion of Marti's total revenue. User number fluctuate but are in the million, depending on seasonal changes.
- E-Moped Rentals: E-Mopeds are offered for longer trips. Market share is smaller than e-scooters, but growing. Competitors include smaller local rental companies. This segment adds a different customer and revenue stream.
Market Dynamics
Industry Overview
The micro-mobility industry is growing, driven by urbanization, environmental concerns, and demand for convenient transportation alternatives. Regulations vary by city and country.
Positioning
Marti is positioned as the leading micro-mobility provider in Turkey. Its competitive advantages include brand recognition, technological platform, and operational experience.
Total Addressable Market (TAM)
The estimated total addressable market for micro-mobility in Turkey is significant, potentially reaching hundreds of millions of dollars. Marti is well-positioned to capture a substantial portion of this TAM.
Upturn SWOT Analysis
Strengths
- Leading Market Position in Turkey
- Established Technological Platform
- Strong Brand Recognition
- Experienced Management Team
Weaknesses
- Limited Geographic Diversification
- Dependence on Regulatory Environment
- Profitability Challenges
- Cash flow concerns
Opportunities
- Expansion into New Cities and Countries
- Development of New Products and Services
- Strategic Partnerships
- Increased Government Support for Micro-mobility
Threats
- Intense Competition
- Changing Regulations
- Economic Downturns
- Safety Concerns
Competitors and Market Share
Key Competitors
- Lime (private)
- Bird (BRDSQ)
- BinBin (private)
- HOP! (private)
Competitive Landscape
Marti faces competition from global players like Lime and Bird (in bankruptcy), as well as regional players like BinBin. Marti's advantage lies in its focus on the Turkish market.
Growth Trajectory and Initiatives
Historical Growth: The company's historical growth has been driven by the expansion of its e-scooter operations and increased adoption of micro-mobility solutions in Turkey.
Future Projections: Analysts expect revenue to continue to grow. The future projections are for continued revenue growth but will need to be converted to profitability soon.
Recent Initiatives: Recent initiatives include expanding into new cities, introducing new e-moped models, and enhancing the mobile app.
Summary
Marti Technologies shows promise as a leader in the Turkish micro-mobility market. Revenue growth is evident, but profitability remains elusive. The company's ability to manage expenses and adapt to regulations will be critical for its long-term success. Expansion into new markets and the development of new products could drive future growth. The competitive environment and economic conditions present ongoing challenges to the company's performance. Finally, given the recent bankruptcy of Bird, Marti's capital structure and ability to achieve profitability must be watched.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Analyst Reports
- Industry Publications
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Market share data is estimates. Past performance is not indicative of future results. All information taken as of October 26, 2024
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.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.