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1. Company Snapshot

1.a. Company Description

Marti Technologies Inc.provides urban transportation services to riders in Turkey.It also operates a mobility app that provides multiple transportation services to its riders; and operates a fleet of e-mopeds, e-bikes, and e-scooters.


The company was founded in 2018 and is based in Istanbul, Turkey.

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1.b. Last Insights on MRT

Marti Technologies' recent performance was driven by robust growth in its ride-hailing service, with 2.28 million unique riders (up 107% YoY) and 327 thousand registered drivers (up 92% YoY). The company's expansion into same-hour package deliveries, leveraging its existing network of 382 thousand drivers and 6.4 million unique users, is a positive development. Additionally, Marti's inclusion in the S&P Global Broad Market Index and its strong operational results, exceeding targets, have contributed to its momentum.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Morguard Real Estate Investment Trust (MRT.UN:CA) Q4 2025 Earnings Call Transcript

Feb -13

Source: seekingalpha.com

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Monte Rosa Therapeutics: Competitive MRT-8102 Results Offer Additional Platform Validation

Jan -08

Source: seekingalpha.com

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Monte Rosa Therapeutics Announces Positive Interim Phase 1 Data of MRT-8102 Demonstrating Profound CRP Reductions in Elevated CVD-risk Subjects

Jan -07

Source: globenewswire.com

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Monte Rosa Therapeutics to Present Interim MRT-8102 Phase 1 Study Results

Jan -06

Source: globenewswire.com

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Super League Appoints Marti Frucci, Investment Banking Veteran, to Board of Directors

Jan -06

Source: globenewswire.com

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Marti's Ride-Hailing Service Reaches 3.38 Million Riders and 450 Thousand Registered Drivers, Exceeding December 31, 2025 Targets

Dec -31

Source: businesswire.com

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Marti Technologies On Track to Exceed 2025 Guidance, Introduces 2026 Outlook with More than Double Revenue Growth and Positive EBITDA

Dec -23

Source: businesswire.com

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Marti Releases New Sustainability Report

Dec -18

Source: businesswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (12.50%)

6. Segments

Two-wheeled Electric Vehicle Rentals

Expected Growth: 12.5%

Growing demand for eco-friendly transportation, increasing adoption of electric vehicles, and rising popularity of short-distance commutes drive the growth of Marti Technologies' two-wheeled electric vehicle rental service.

7. Detailed Products

Marti AI Platform

A cloud-based artificial intelligence platform that enables businesses to build, deploy, and manage AI models at scale.

Marti IoT Gateway

A secure and scalable IoT gateway that enables real-time data processing and analytics at the edge.

Marti Cybersecurity Suite

A comprehensive cybersecurity solution that provides threat detection, incident response, and security analytics.

Marti Data Analytics

A data analytics platform that provides real-time insights and visualization capabilities.

Marti Cloud Services

A suite of cloud-based services that provide scalable infrastructure, storage, and computing resources.

8. Marti Technologies, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Marti Technologies, Inc. faces moderate threat from substitutes due to the presence of alternative technologies and products in the market.

Bargaining Power Of Customers

Marti Technologies, Inc. has a high bargaining power of customers due to the presence of large and established customers who can negotiate prices and terms.

Bargaining Power Of Suppliers

Marti Technologies, Inc. has a low bargaining power of suppliers due to the presence of multiple suppliers and the company's ability to negotiate prices.

Threat Of New Entrants

Marti Technologies, Inc. faces a moderate threat of new entrants due to the presence of barriers to entry and the company's established market position.

Intensity Of Rivalry

Marti Technologies, Inc. operates in a highly competitive industry with intense rivalry among existing competitors, leading to a high intensity of rivalry.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 198.36%
Debt Cost 3.95%
Equity Weight -98.36%
Equity Cost 3.38%
WACC 4.51%
Leverage -201.67%

11. Quality Control: Marti Technologies, Inc. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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WalkMe

A-Score: 3.1/10

Value: 4.4

Growth: 6.3

Quality: 3.4

Yield: 0.0

Momentum: 4.0

Volatility: 0.7

1-Year Total Return ->

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Auction Technology Group

A-Score: 3.1/10

Value: 8.4

Growth: 4.1

Quality: 5.0

Yield: 0.0

Momentum: 0.0

Volatility: 1.3

1-Year Total Return ->

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Accesso Technology Group

A-Score: 3.1/10

Value: 4.8

Growth: 2.8

Quality: 6.6

Yield: 0.0

Momentum: 0.5

Volatility: 4.0

1-Year Total Return ->

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VTEX

A-Score: 3.0/10

Value: 1.9

Growth: 7.3

Quality: 6.9

Yield: 0.0

Momentum: 1.0

Volatility: 1.0

1-Year Total Return ->

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Stock-Card
Big Technologies

A-Score: 2.9/10

Value: 5.7

Growth: 6.6

Quality: 4.1

Yield: 0.0

Momentum: 0.0

Volatility: 1.0

1-Year Total Return ->

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Stock-Card
Marti Technologies

A-Score: 2.5/10

Value: 8.2

Growth: 0.6

Quality: 5.2

Yield: 0.0

Momentum: 0.5

Volatility: 0.3

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

2.1$

Current Price

2.1$

Potential

-0.00%

Expected Cash-Flows