Marti Technologies, Inc. (MRT) Income Statement
MRT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMRT revenue and net income
Where MRT's revenue goes
2025Each bar shows an amount and its share of revenue. MRT kept −105.6% of revenue as net income.
MRT profit margins
MRT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +110.3% | +16.2% | +32.1% | — |
| Gross profit | — | — | +71.6% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MRT quarterly EPS vs estimates
Marti Technologies beat the analyst EPS estimate in 1 of the last 4 quarters. Next report: November 18, 2026 (estimate $-0.04).
MRT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $39.2M | $18.7M | $20.0M | $25.0M | $17.0M | $9.8M |
| Cost of revenue | $35.6M | $65.9M | $32.9M | $27.1M | $20.1M | $9.5M |
| Gross profit | $3.6M | −$47.2M | −$12.9M | −$2.1M | −$3.1M | $244,835 |
| Research & development | $3.0M | $2.0M | $2.0M | $1.9M | $1.0M | $541,241 |
| Sales, general & admin | $20.0M | $13.7M | $12.7M | $3.0M | $3.4M | $3.1M |
| Total operating expenses | $23.7M | $16.2M | $15.4M | $3.0M | $5.9M | $4.2M |
| Operating income | −$20.0M | −$63.4M | −$28.3M | −$837,116 | −$9.0M | −$4.0M |
| Interest income | $630,575 | $1.0M | $831,177 | $2.1M | $4,790 | $16,803 |
| Interest expense | $15.6M | $10.0M | $6.7M | $1.9M | $612,861 | $263,957 |
| Income before taxes | −$41.4M | −$73.9M | −$33.8M | −$837,116 | −$13.6M | −$4.6M |
| Income taxes | — | — | $6.7M | $1.9M | $887,648 | $263,957 |
| Net income | −$41.4M | −$73.9M | −$33.8M | −$837,116 | −$14.5M | −$4.6M |
| EBITDA | −$22.2M | −$55.2M | −$17.0M | −$837,116 | −$7.5M | $1.0M |
| EPS (diluted) | −$0.48 | −$1.17 | −$0.51 | −$0.05 | −$0.07 | — |
| Gross margin | 9.3% | −253.0% | −64.2% | −8.4% | −18.3% | 2.5% |
| Operating margin | −51.0% | −340.0% | −141.2% | −3.4% | −52.8% | −40.5% |
| Net margin | −105.6% | −395.9% | −168.8% | −3.4% | −85.1% | −47.4% |
| Jun '26 | Mar '26 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.0M | $15.4M | $12.5M | $7.2M | $5.1M | $18.7M | $5.1M | $4.2M | $4.2M | $10.3M | $246,239 | $4.7M |
| Cost of revenue | $4.7M | $5.1M | $3.9M | $3.7M | $5.8M | $21.5M | $5.8M | $4.9M | $4.9M | $21.3M | −$4.9M | $6.5M |
| Gross profit | $15.3M | $10.3M | $8.5M | $3.5M | −$705,612 | −$2.9M | −$705,612 | −$738,888 | −$738,888 | −$11.0M | $5.1M | −$1.8M |
| Research & development | $907,971 | $1.0M | $948,101 | $555,621 | $675,841 | — | $675,841 | $305,659 | $305,659 | $1.4M | $927,488 | $750,244 |
| Sales, general & admin | $4.1M | $7.9M | $12.8M | $7.6M | $21.5M | $58.6M | $21.5M | $7.8M | $7.8M | $9.0M | $603,589 | $4.4M |
| Total operating expenses | $10.5M | $9.8M | $16.5M | $9.7M | $22.8M | $84.0M | $22.8M | $8.4M | $8.4M | $13.3M | −$2.6M | $5.3M |
| Operating income | $4.8M | $555,453 | −$8.0M | −$6.3M | −$23.5M | −$65.3M | −$23.5M | −$9.1M | −$9.1M | −$24.2M | $7.7M | −$7.1M |
| Interest income | — | — | — | $6.7M | — | $8.6M | — | $3.6M | — | $224,177 | $2.1M | — |
| Interest expense | $4.0M | $4.1M | $4.6M | $2.9M | $3.2M | — | $3.2M | — | $5.9M | $5.9M | $1.0M | — |
| Income before taxes | −$12.5M | −$7.4M | −$11.1M | −$9.6M | −$26.0M | −$73.9M | −$26.0M | −$10.9M | −$10.9M | −$27.2M | $6.7M | −$6.7M |
| Income taxes | — | — | — | — | — | — | — | — | — | $2.9M | — | — |
| Net income | −$12.5M | −$7.4M | −$11.1M | −$9.6M | −$26.0M | −$73.9M | −$26.0M | −$10.9M | −$10.9M | −$27.2M | $6.7M | −$6.7M |
| EBITDA | $5.5M | $1.4M | −$7.0M | −$5.4M | −$21.4M | — | −$21.4M | −$6.9M | −$6.9M | −$16.1M | $5.8M | −$4.7M |
| EPS (diluted) | −$0.15 | −$0.09 | — | −$0.13 | −$0.87 | — | — | −$0.38 | — | — | — | — |
| Gross margin | 76.6% | 66.9% | 68.6% | 48.6% | −13.8% | −15.5% | −13.8% | −17.6% | −17.6% | −106.4% | 2,080.4% | −37.3% |
| Operating margin | 24.2% | 3.6% | −64.2% | −87.5% | −459.4% | −350.0% | −459.4% | −216.7% | −216.7% | −235.2% | 3,137.2% | −148.7% |
| Net margin | −62.6% | −48.1% | −89.0% | −134.6% | −507.4% | −395.9% | −507.4% | −260.1% | −260.1% | −263.9% | 2,720.0% | −140.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MRT's financial statements (latest annual report filed April 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MRT financial results
In fiscal year 2025 (ended December 31, 2025), Marti Technologies reported revenue of $39.2 million, up 110.3% from the year before. It had a net loss of $41.4 million, a net profit margin of −105.6%. Diluted earnings per share came to −$0.48. Over five years revenue grew at an average rate of 32.1% a year.
See the MRT stock overview for the latest quote and news, or the MRT chart for price history and technical indicators.
MRT income statement FAQ
What is Marti Technologies's annual revenue?
Marti Technologies reported total revenue of $39.2 million for fiscal year 2025, which ended on December 31, 2025. That was up 110.3% from $18.7 million the previous year.
Is Marti Technologies profitable?
No. Marti Technologies reported a net loss of $41.4 million in fiscal 2025, a net profit margin of −105.6%; its operating margin was −51.0%.
What is Marti Technologies's gross margin?
Marti Technologies's gross margin was 9.3% in fiscal 2025: for every $100 of revenue, Marti Technologies kept $9 after the direct cost of its products and services.
How much does Marti Technologies spend on research and development?
Marti Technologies spent $3.0 million on research and development in fiscal 2025, 7.7% of revenue.
How fast is Marti Technologies growing?
Revenue grew 32.1% a year on average over the last five fiscal years, from $9.8 million to $39.2 million.
What are Marti Technologies's earnings per share?
Marti Technologies earned $-0.48 per diluted share in fiscal 2025, compared with $-1.17 a year earlier.
When will Marti Technologies report its next earnings?
Marti Technologies is expected to report results for the quarter ending September 30, 2026 on November 18, 2026.
When does Marti Technologies's fiscal year end?
Marti Technologies's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 13, 2026.