Marti Technologies Inc
ir.marti.techWhat Do They Do?
Connects riders with car, motorcycle, and taxi drivers, delivers packages, and rents shared electric vehicles to consumers through an urban mobility app in Türkiye.
20-F for FY2025, filed Apr 13, 2026
How Do They Make Money?
Consumers pay for platform subscriptions covering a fixed term, while vehicle rentals are charged per trip based on minutes used plus a starting fare.
20-F for FY2025, filed Apr 13, 2026The Group offers subscription packages to platform consumers via its ride-hailing, two-wheeled vehicle, and delivery platforms. These…View ↗
Payments received for subscription packages are recorded as contract liabilities (deferred revenue) upon receipt and recognized as revenue…View ↗
Consumers pay on a per-trip basis with a valid credit card and / or from the preloaded wallet balances. The consumer must use the Marti app…View ↗
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20-F for FY2025, filed Apr 13, 2026
FY2025 revenue by product or service ↗
$39.2M
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20-F for FY2025, filed Apr 13, 2026
$39.2M ↗
| Segment | Share | Revenue |
|---|---|---|
|
Sales refunds
|
−0.1%
FY2022: −0.3%
|
Sales refunds, FY2025
−$18.7K Sources
|
|
Sales discount
|
−9.7%
FY2022: −7.5%
|
Sales discount, FY2025
−$3.8M Sources
|
Who Are Their Customers?
Consumers use the Marti app to request rides and delivery and rent shared electric vehicles; the platform matches ride and delivery requests with drivers.
20-F for FY2025, filed Apr 13, 2026Our ride-hailing service offers car-hailing, motorcycle-hailing, and taxi-hailing options through our platform. The service connects riders…View ↗
DeliveriesView ↗
The Group’s technology platform enables consumers to participate in the Group’s rental program. To use a vehicle, the consumer contracts…View ↗
Do Revenues Turn Into Profits?
No. It lost $41.4M in FY2025.
20-F for FY2025, filed Apr 13, 2026
−$28.5MView ↗
20-F for FY2025, filed Apr 13, 2026
−$41.4MView ↗
20-F for FY2025, filed Apr 13, 2026
−$15.3MView ↗
How Are They Changing?
Growing. Revenue grew 2.3x in 4 years, from $17M in FY2021 to $39.2M in FY2025, about 23% a year.
From blank-check company to mobility services
The older report describes a blank-check company seeking a business combination, while the latest describes a platform offering ride-hailing, delivery, and shared electric-vehicle services.
10-K for FY2022, filed Mar 31, 2023 20-F for FY2025, filed Apr 13, 2026We deliver our services through three service offerings: ride-hailing, delivery, and two-wheeled electric vehicles services. Our…View ↗
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