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MRT
Upturn stock ratingUpturn stock rating

Marti Technologies Inc. (MRT)

Upturn stock ratingUpturn stock rating
$2.48
Last Close (24-hour delay)
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PASS
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  • SELL Advisory (Loss)​
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Upturn Stock infoUpturn Stock info Stock price based on last close
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Upturn Advisory Summary

08/28/2025: MRT (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

4 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $5.15

1 Year Target Price $5.15

Analysts Price Target For last 52 week
$5.15 Target price
52w Low $1.76
Current$2.48
52w High $3.89

Analysis of Past Performance

Type Stock
Historic Profit -27.67%
Avg. Invested days 27
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/28/2025

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

ai summary icon Upturn AI SWOT

Marti Technologies Inc.

stock logo

Company Overview

overview logo 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.

business area logo 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 logo 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

overview logo 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 logo 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

competitor logo 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

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 442

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.