Marti Technologies, Inc. (MRT) Earnings Call Transcripts

Marti Technologies, Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of fiscal year 2026, Marti Technologies, Inc. reported a remarkable 156% year-over-year revenue growth, reaching $15.4 million, significantly surpassing expectations. The company also indicated a strong improvement in profitability metrics, with gross profit margin soaring to 72% and adjusted EBITDA loss narrowing to near breakeven. Management maintained its full-year revenue guidance of $70 million and positive adjusted EBITDA of $1 million, signaling confidence in sustained operational momentum and market expansion.

Reported metrics

Guidance from management

Management maintained its full-year revenue guidance of $70 million and positive adjusted EBITDA of $1 million, reflecting confidence in ongoing operational momentum and market expansion.

What management said

Thanks, Jack, for the questions. I'll address the first one and hand it over to Alper for the second. So on the monetization, we are currently monetizing all of the existing cities that we foresee monetizing in 2026. So the revenue forecast for the year assumes no further monetization beyond the existing cities. It also does not assume any increase in the rate of monetization across our existing cities. It is purel...

Obviously, Turkey is in the Northern Hemisphere with a moderate Mediterranean climate. So you see these patterns in countries that are like Turkey, weather-wise, like Italy, France, Spain, Greece, et cetera. Summer months, especially the beginning of summer is a big growth period for us. Also year-to-year changes in rain patterns really affect us. For example, over the past 2 years, winter started late and ended la...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of the high gross profit margin of 72% and the seasonal impact on trip growth. There were questions about how much of the revenue growth would come from new market monetization versus deepening existing market monetization.

Main topics on the call

• Revenue Growth Acceleration — Marti achieved a 156% year-over-year revenue increase to $15.4 million, driven by strong performance in ride-hailing and the expansion of delivery services. Management stated, 'This growth is translating into profitabili...
• Improved Profitability Metrics — The gross profit margin improved significantly from 36.8% to 72%, with gross profit increasing over fourfold to $11.1 million. This reflects the company's ability to monetize its platform effectively, as noted by managem...
• Operational Leverage — Marti reported a 93% increase in trips and an 89% rise in unique platform consumers year-over-year, indicating strong operational leverage. The company noted, 'We have reached an important inflection point as it relates ...
• Market Expansion and Service Integration — The company expanded its service offerings into two additional cities and emphasized the importance of its integrated platform. Management highlighted that 'approximately 33% of car hailing consumers and 82% of motorcycl...

Read the full Marti Technologies, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 7 Marti Technologies, Inc. earnings call transcripts on record, spanning September 30, 2024 to May 21, 2026. Based on this history, Marti Technologies, Inc. reports quarterly. The most recent call on file is dated May 21, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

MRT

Exchange

NYSEAM

Country

US

Sector

Industrials

Industry

Ground Transportation

Calls on record

7

First call

September 30, 2024

Most recent

May 21, 2026

Reporting cadence

quarterly