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MRT on NYSE

Marti Technologies, Inc.

Marti Technologies, Inc. is an auto rental and leasing services company in the Cayman Islands.1 Its shares trade on NYSE under the symbol MRT.1

$1.80 up 0.03 (1.64%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 21, 2026.

Overview

$39.2MRevenue, fiscal 20253
-$41.4MNet income, fiscal 20253

Compare with Zoomcar Holdings, Inc., U-Haul Holding Company or Valor Energy Inc, or pick any stock.

  • TickerMRT on NYSE1
  • IndustryServices-Auto Rental & Leasing (No Drivers)1
  • HeadquartersE91
  • Incorporated inCayman Islands4
  • Business addressC/O Maples Corporate Services Limited, Po Box 309, Ugland House, Grand Cayman4
  • Filer categoryNon-accelerated filer, Emerging growth company4

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-72.7%Operating margin3
-105.6%Net margin3
110.3%Revenue growth, 20253
-$15.3MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue39¢$15.3M
  • Research and development8¢$3.0M
  • Other costs53¢$21.0M

Out of $39.2M in revenue.3 The company lost money this year.

Financial statements

Revenue563$39.2M in 2025+131% since 2021
0$10.0M$20.0M$30.0M$40.0M2021: $17.0M$17.0M20212022: $25.0M$25.0M2022+47%2023: $20.0M$20.0M2023−20%2024: $18.7M$18.7M2024−7%2025: $39.2M$39.2M2025+110%
Operating income563-$28.5M in 2025+215% since 2021
-$80.0M-$60.0M-$40.0M-$20.0M02021: -$9.1M-$9.1M20212022: -$14.9M-$14.9M2022+64%2023: -$30.6M-$30.6M2023+106%2024: -$65.3M-$65.3M2024+113%2025: -$28.5M-$28.5M2025−56%
Net income563-$41.4M in 2025+186% since 2021
-$80.0M-$60.0M-$40.0M-$20.0M02021: -$14.5M-$14.5M20212022: -$14.2M-$14.2M2022−2%2023: -$33.8M-$33.8M2023+137%2024: -$73.9M-$73.9M2024+118%2025: -$41.4M-$41.4M2025−44%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
Revenue$39.2M$18.7M$20.0M
Cost of revenues-$15.3M-$21.5M-$24.1M
General and administrative expenses-$28.1M-$49.2M-$15.1M
Selling and marketing expenses-$13.0M-$9.3M-$7.3M
Research and development expenses-$3.0M-$2.0M-$2.0M
Other expenses-$9.4M-$3.1M-$2.8M
Other income$891.2K$1.2M$657.9K
Total operating expenses-$67.8M-$84.0M-$50.6M
Loss from operations-$28.5M-$65.3M-$30.6M
Fair value gain on derivative instrument$1.4M
Financial income$1.4M$1.4M$3.6M
Financial expense-$15.6M-$10.0M-$6.8M
Loss before income tax expense-$41.4M-$73.9M-$33.8M
Net loss-$41.4M-$73.9M-$33.8M
Net loss attributable to stockholders-$41.4M-$73.9M-$33.8M
Total comprehensive loss-$41.4M-$73.9M-$33.8M
Weighted average shares used to compute basic and diluted net loss per share (in Shares)78.0M shares59.0M shares50.6M shares
Weighted average shares used to compute diluted net loss per share (in Shares)78.0M shares59.0M shares50.6M shares
Net loss per common share basic (in Dollars per share)-$0.53-$1.25-$0.67
Net loss per common share diluted (in Dollars per share)-$0.53-$1.25-$0.67

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Corporate structure

Marti Technologies, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Marti Technologies, Inc.

  • Marti Technologies, Inc. E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Marti Technologies, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Computer equipment and software$706.9K3 Dec 31, 2025$706.9K3 Dec 31, 20240%
Accumulated depreciation$26.6M3 Dec 31, 2025$23.3M3 Dec 31, 2024+14.0%
Property and equipment, net$2.7M3 Dec 31, 2025$5.5M3 Dec 31, 2024−51.7%
Operating-lease assets (leased space)$907.4K3 Dec 31, 2025$837.3K3 Dec 31, 2024+8.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$7.8M3 Dec 31, 2025$5.1M3 Dec 31, 2024+51.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$351.2K3 Dec 31, 2025$589.6K3 Dec 31, 2024−40.4%
Accumulated amortization$762.5K3 Dec 31, 2025$467.7K3 Dec 31, 2024+63.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$2.0M3 Dec 31, 2025$2.0M3 Dec 31, 2024−1.9%

Leadership

Who has led Marti Technologies, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Kemal Kaya2021
  2. Alper Oktem2026–now

President

  1. Daniel Freifeld2021
  2. Cankut Durgun2026–now

Chief financial officer

  1. Michael Tanzer2021
  2. Cenk Ozeker2026–now

Chief operating officer

  1. Cankut Durgun2026–now
2025
Board members and other officers (9)

Former names

  • Galata Acquisition Corp.Apr 2, 2021 to Jul 7, 20234

Timeline

  1. Mar 18, 2026New chief executive Alper Oktem becomes CEO12
  2. Jul 7, 20238-K Shareholder vote; Regulation FD disclosure23
  3. Jun 30, 20238-K Regulation FD disclosure24
  4. May 8, 20238-K Entered a material agreement25
  5. May 4, 20238-K Entered a material agreement26
  6. Feb 3, 20238-K Listing notice or transfer; Regulation FD disclosure27
  7. Dec 23, 20228-K Entered a material agreement28
  8. Aug 1, 20228-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure29
  9. Dec 6, 20218-K Listing notice or transfer; Regulation FD disclosure30
  10. Nov 17, 20218-K Earlier financial statements no longer reliable31
  11. Jul 12, 2021New chief executive Kemal Kaya becomes CEO13

Calendar

Coming up

  1. Nov 18, 2026Reports results for the quarter ending Sep/202632

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

176 filings to the SEC since October 2021: 6 annual reports, 5 quarterly reports, 9 major events, 23 insider forms, 25 large holders, 108 other. The latest 20:

  1. Oct 2, 20264 EDGAR
  2. Oct 2, 20264 EDGAR
  3. Oct 2, 20264 EDGAR
  4. Oct 2, 20264 EDGAR
  5. Oct 2, 20264 EDGAR
  6. Sep 10, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  7. Aug 19, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  8. Aug 19, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  9. Jul 13, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  10. Jul 2, 20264 EDGAR
  11. Jul 2, 20264 EDGAR
  12. Jul 2, 20264 EDGAR
  13. Jul 2, 20264 EDGAR
  14. Jul 2, 20264 EDGAR
  15. Jun 29, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  16. Jun 26, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  17. Jun 10, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  18. May 21, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  19. May 21, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  20. Apr 27, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR

The 176 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
DLD Asset Management, LP7,063,117$9.3M2.5%+497,000
Gramercy Funds Management LLC2,570,413$3.4M100.0%+242,385
Wells Fargo & Company/mn1,000,000$1.3M0.0%No change
Arbiter Partners Capital Management LLC646,152$846.5K0.2%+359,898
Luxor Capital Group, LP355,990$466.3K0.1%No change
Weiss Asset Management LP308,905$404.7K0.0%+181,499
Osaic Holdings, Inc.158,794$208.0K0.0%New
Curi Capital, LLC35,000$45.9K0.0%No change
Bbr Partners, LLC35,000$45.9K0.0%No change
CJM Wealth Advisers, Ltd.35,000$45.9K0.0%No change
State Street Corp31,330$41.0K0.0%−2,296
XTX Topco Ltd10,244$13.4K0.0%New
Morgan Stanley1,000$1.3K0.0%New
SBI Securities Co., Ltd.100$1310.0%New
Caitong International Asset Management Co., Ltd1$10.0%New
Farther Finance Advisors, LLC1$10.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Marti Technologies, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMarti Technologies, Inc.1
  • CIK0001852767
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company45
  • Incorporated inCayman Islands45
  • Fiscal year endsDecember 311
  • Industry code (SIC)7510 Services-Auto Rental & Leasing (No Drivers)1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business addressC/O Maples Corporate Services Limited, Po Box 309, Ugland House, Grand Cayman, Cayman Islands1
  • Phone0 (850) 308 34 191
  • Shares outstanding86,042,726 shares as of Dec 31, 202545
  • AuditorGrant Thornton Audit and Accounting Limited, Dubai, United Arab Emirates PCAOB ID 3211; no auditor attestation of internal control over financial reporting45
  • On EDGAR sinceApr 2, 20211
  • Filings201 in all: 6-K (45), 3 (15), 4 (15), CORRESP (12), 425 (11), 8-K (10), UPLOAD (9), 424B3 (8)1
    All 37 form types

    SC 13G/A (8), SC 13G (7), SCHEDULE 13D/A (7), 10-Q (6), EFFECT (6), 20-F (4), F-4/A (4), SC 13D (4), S-1/A (3), 10-K (2), 25-NSE (2), F-1/A (2), NT 10-Q (2), POS AM (2), S-8 (2), SC 13E3/A (2), 8-A12B (1), 8-K/A (1), CERT (1), DEF 14A (1), F-1 (1), F-3 (1), F-4 (1), PRE 14A (1), PRER14A (1), S-1 (1), SC 13D/A (1), SC TO-I (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (20-F) Apr 13, 2026
    Quarterly report (10-Q) May 17, 2023
    Proxy statement (DEF 14A) Jun 29, 2023
    Latest 8-K (8-K) Jul 7, 2023

Securities registered for trading

ClassSymbolExchange
Class A Ordinary SharesMRTNYSE American

From the cover page of the 20-F filed Apr 13, 2026 (Section 12(b) of the Exchange Act).45

Sources

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