Marti Technologies, Inc. (MRT) Form 6-K — Aug 19, 2026
Marti Technologies reported record second quarter 2026 results, with revenue up 141% year over year to $20.0 million and gross profit margin expanding to 77% from 57% a year ago. Trips grew 73% to 18.78 million and all-time unique ride-hailing riders rose 95% to 4.44 million. The company achieved positive Adjusted EBITDA for the first time at $2.9 million, a $5.3 million improvement from a $2.4 million loss in Q2 2025. Net loss widened 36% to $12.5 million, but that includes a one-time non-cash $8.3 million loss on debt extinguishment; excluding it, net loss was $4.2 million.
Key figures
- Revenue
- 19985000
- Guidance
- FY2026 revenue $85.0 million (116.6% YoY growth); Adjusted EBITDA $7.0 million (increased)
- Revenue Yoy
- 140.7%
- Total Assets
- 32356000
- Cash Position
- 12503000
- Trips q2 2026
- 18.78 million (+73.2% YoY)
- City footprint
- 30 cities post-quarter (~85% of Turkiye GDP)
- Gross margin q2 2025
- 57.1%
- Gross margin q2 2026
- 76.6%
- Gross profit q2 2026
- 15299000
- Cumulative repurchases
- 295,818 shares at $2.19 average for $655 thousand
- Adjusted ebitda q2 2026
- 2910000
- Gross profit growth yoy
- 222.8%
- Share repurchase program
- $2.5 million, ~$2.2 million remaining, $6.00 ceiling price
- Unique platform consumers
- 2.36 million (+76.4% YoY)
- All time registered drivers
- 544 thousand (+66.3% YoY)
- Adjusted ebitda yoy improvement
- 5300000
- Long term financial liabilities
- 102444000
- Short term financial liabilities
- 3890000
- All time unique ride hailing riders
- 4.44 million (+94.8% YoY)
- Convertible notes april2029 facility
- up to $23.0 million at 12.50%, $18.0 million issued
- Loss on debt extinguishment one time
- 8322000
- Convertible notes october2029 facility
- up to $100.0 million at 11.00%, none drawn
- Convertible notes 2028 conversion price
- $1.65
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