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Marti Technologies Inc. (MRT)



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Upturn Advisory Summary
09/12/2025: 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 ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 196.77M 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 09/14/2025 |
52 Weeks Range 1.76 - 3.89 | Updated Date 09/14/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.25 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Earnings Date
Report Date - | 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 192194086 | Price to Sales(TTM) 10.55 |
Enterprise Value 192194086 | Price to Sales(TTM) 10.55 | ||
Enterprise Value to Revenue 10.3 | 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. (MRTI) operates an online transportation and ridesharing platform in Turkey. It focuses on providing a smart transportation system in Turkey's cities using electric scooters, mopeds, and cars.
Core Business Areas
- Ridesharing Platform: Offers a platform for users to access and rent electric scooters, mopeds, and cars for urban transportation within Turkey. Facilitates bookings, payments, and tracking of vehicles.
Leadership and Structure
The leadership team consists of experienced individuals in technology, transportation, and operations. The organizational structure typically involves departments for engineering, marketing, operations, finance, and customer service.
Top Products and Market Share
Key Offerings
- Electric Scooters: Electric scooters for short-distance urban travel. No specific market share data available. Competitors include BinBin, Palm, and HOP!
- Number of users or revenue from this product: Exact data unavailable.
- Electric Mopeds: Electric mopeds for slightly longer urban journeys. No specific market share data available. Competitors include YOYO, GO Sharing and Bolt.
- Number of users or revenue from this product: Exact data unavailable.
- Electric Cars: Electric cars for longer-distance urban travel. No specific market share data available. Competitors include Zipcar and Getaround.
- Number of users or revenue from this product: Exact data unavailable.
Market Dynamics
Industry Overview
The ridesharing and micromobility industry is growing rapidly, driven by urbanization, environmental concerns, and the desire for convenient transportation options. Turkey is a developing market with potential for growth.
Positioning
Marti is positioned as a leading provider of electric micromobility and ridesharing services in Turkey, focusing on affordability and accessibility.
Total Addressable Market (TAM)
The TAM for micromobility and ridesharing in Turkey is estimated to be significant due to its large urban population. Marti is positioned to capture a substantial share of this market.
Upturn SWOT Analysis
Strengths
- First-mover advantage in Turkish market
- Strong brand recognition in Turkey
- Wide range of electric vehicles offered
- Established infrastructure in major cities
Weaknesses
- Limited geographical presence (primarily Turkey)
- Reliance on regulatory environment
- Dependence on weather conditions
- Profitability concerns
Opportunities
- Expansion into new Turkish cities
- Partnerships with local businesses
- Integration with public transportation
- Development of new mobility solutions
Threats
- Increased competition from international players
- Changes in government regulations
- Economic downturn in Turkey
- Vandalism and theft of vehicles
Competitors and Market Share
Key Competitors
- Gett US Stock Symbol
- Uber US Stock Symbol
- Bolt (Private)
Competitive Landscape
Marti's competitive advantages include its local market knowledge and brand recognition in Turkey. Disadvantages include limited financial resources compared to larger international competitors.
Growth Trajectory and Initiatives
Historical Growth: Historical growth can be assessed through past revenue and user growth. More information is needed to provide details.
Future Projections: Future growth projections depend on market conditions, competition, and the company's ability to execute its strategy. Analyst estimates would be required.
Recent Initiatives: Recent initiatives might include expansion into new cities, launching new vehicle types, and implementing marketing campaigns.
Summary
Marti Technologies is a ridesharing platform in Turkey, with focus on electric scooters, mopeds and cars. It's a first mover in Turkey but faces competition from giants. The company needs to focus on increasing profitability and expanding within Turkey. Regulatory issues and economic factors in Turkey are areas to watch. Its success relies on strategic partnerships and further expansion within the region.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- Public Filings
- Industry Reports
- Analyst Reports (where available)
Disclaimers:
This analysis is based on publicly available information and limited data. Specific financial details are unavailable. The analysis is for informational purposes only and does not constitute investment advice.
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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