Marti Technologies, Inc. financials
Source: EDGAR filings · Built 2026-06-19T01:16:08Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2023 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -15.27M | -25.41M | -15.52M | — | — | — |
| EBITDA | -24.94M | -56.62M | -20.56M | -9.43M | -5.78M | -3.58M |
| Working Capital | -449.23K | 95.57K | 8.19M | — | 4.59M | 52.03K |
| Net Debt | 78.76M | 70.10M | 56.97M | 31.53M | 16.00M | — |
| Gross Margin | -9.77% | -6.03% | -4.88% | -37.25% | -7.79% | 0.26% |
| Operating Margin | -72.71% | -350.01% | -152.79% | -148.70% | -59.55% | -53.25% |
| Net Margin | -105.62% | -395.94% | -168.82% | -140.55% | -57.01% | -85.14% |
| Return on Equity (ROE) | 61.78% | 120.25% | 103.42% | 258.88% | -187.45% | -70.53% |
| Return on Assets (ROA) | -139.07% | -362.54% | -84.09% | — | -34.85% | -9.81% |
| Current Ratio | 0.97× | 1.01× | 1.47× | — | 1.29× | 1.07× |
| Debt-to-Equity | -1.29× | -1.22× | -2.34× | -6.89× | 3.49× | — |
| Effective Tax Rate | — | — | — | — | — | -6.53% |
| Cash Conversion Ratio | 0.36× | 0.34× | 0.44× | 0.46× | 0.38× | 0.28× |
| Accruals Ratio | -0.89× | -2.39× | -0.47× | — | -0.21× | -0.07× |
| SBC % of Revenue | 28.75% | 191.11% | 9.94% | 6.13% | 6.65% | 5.11% |
| CapEx Coverage | -30.46× | -75.45× | -22.79× | — | — | — |
| Free Cash Flow Per Share | $-0.20 | $-0.43 | $-0.31 | — | — | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2023 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Revenues | 39.24M | 18.66M | 20.03M | 9.48M | 24.99M | 17.00M |
| Cost of Goods and Services Sold | 43.07M | 19.78M | 21.01M | — | 26.93M | — |
| Cost of Revenue | 15.25M | 21.55M | 24.08M | 13.02M | 27.09M | 16.96M |
| Research and Development Expense | 3.01M | 1.96M | 1.95M | 1.50M | 1.88M | 1.04M |
| Operating Expenses | 59.27M | 82.11M | 48.52M | 23.40M | 39.66M | — |
| Operating Income (Loss) | -28.53M | -65.31M | -30.60M | -14.10M | -14.88M | -9.05M |
| Income Tax Expense (Benefit) | — | — | — | — | — | 887.65K |
| Net Income (Loss) Attributable to Parent | -41.45M | -73.88M | -33.81M | -13.33M | -14.25M | -14.47M |
| Earnings Per Share, Basic | $-0.53 | $-1.25 | $-0.67 | $-0.39 | $-0.32 | $-0.42 |
| Weighted Average Number of Shares Outstanding, Basic | 78.05M | 58.97M | 50.58M | 34.55M | 44.11M | 34.24M |
| Earnings Per Share, Diluted | $-0.53 | $-1.25 | $-0.67 | $-0.39 | $-0.32 | $-0.42 |
| Weighted Average Number of Shares Outstanding, Diluted | 78.05M | 58.97M | 50.58M | 34.55M | 44.11M | 34.24M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2023 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 7.81M | 5.15M | 19.42M | — | 10.50M | 610.93K |
| Assets, Current | 13.94M | 11.42M | 25.70M | — | 20.46M | 758.25K |
| Assets | 29.80M | 20.38M | 40.21M | — | 40.88M | 147.46M |
| Long-term Debt | 85.81M | 74.68M | 65.25M | — | 23.67M | — |
| Liabilities, Current | 14.39M | 11.32M | 17.50M | — | 15.87M | 706.22K |
| Long-term Debt, Excluding Current Maturities | 82.12M | 70.12M | 54.80M | — | — | — |
| Liabilities | 96.89M | 81.82M | 72.91M | — | 33.28M | 5.74M |
| Stockholders' Equity Attributable to Parent | -67.09M | -61.44M | -32.70M | -5.15M | 7.60M | 20.52M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2023 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -14.78M | -25.08M | -14.87M | -6.10M | -5.47M | -4.04M |
| Payments to Acquire Property, Plant, and Equipment | 485.33K | 332.35K | 652.37K | — | — | — |
| Net Cash Provided by (Used in) Investing Activities | -541.73K | -1.04M | -4.82M | -3.99M | -8.16M | -22.89M |
| Payments for Repurchase of Common Stock | 367.63K | — | — | — | — | — |
| Net Cash Provided by (Used in) Financing Activities | 17.98M | 11.84M | 28.61M | 3.56M | 11.26M | 43.09M |
Derived Metrics
| Concept | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q1 2023 |
|---|---|---|---|---|---|---|
| EBITDA | — | -10.74M | — | -13.86M | — | — |
| Working Capital | -449.23K | -225.15K | 95.57K | -1.32M | 8.19M | -3.19M |
| Net Debt | 78.76M | 79.21M | 70.10M | 60.64M | 56.97M | 857.24K |
| Gross Margin | — | 49.39% | — | -10.74% | — | — |
| Operating Margin | — | -86.13% | — | -204.07% | — | — |
| Net Margin | — | -132.44% | — | -244.96% | — | — |
| Return on Equity (ROE) | — | 26.35% | — | 42.73% | — | -22.85% |
| Return on Assets (ROA) | — | -111.98% | — | -87.46% | — | 0.81% |
| Current Ratio | 0.97× | 0.98× | 1.01× | 0.91× | 1.47× | 0.05× |
| Debt-to-Equity | -1.29× | -1.14× | -1.22× | -1.36× | -2.34× | -0.19× |
| Cash Conversion Ratio | — | 0.26× | — | 0.48× | — | -0.09× |
| Accruals Ratio | — | -0.83× | — | -0.46× | — | 0.01× |
| SBC % of Revenue | — | 32.50% | — | 27.81% | — | — |
Income Statement
| Concept | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q1 2023 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | — | 14.56M | — | 8.93M | — | — |
| Revenues | — | 14.33M | — | 8.41M | — | — |
| Cost of Revenue | — | 7.37M | — | 9.89M | — | — |
| Research and Development Expense | — | 1.11M | — | 611.32K | — | — |
| Operating Expenses | — | 23.73M | — | 26.01M | — | — |
| Operating Income (Loss) | — | -12.54M | — | -18.22M | — | — |
| Net Income (Loss) Attributable to Parent | — | -19.28M | — | -21.87M | — | 1.22M |
| Earnings Per Share, Basic | — | $-0.26 | — | $-0.38 | — | — |
| Weighted Average Number of Shares Outstanding, Basic | 78.05M | 73.96M | 58.97M | 57.82M | 50.58M | — |
| Earnings Per Share, Diluted | — | $-0.26 | — | $-0.38 | — | — |
| Weighted Average Number of Shares Outstanding, Diluted | 78.05M | 73.96M | 58.97M | 57.82M | 50.58M | — |
Balance Sheet
| Concept | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q1 2023 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 7.81M | 4.21M | 5.15M | 8.97M | 19.42M | 142.76K |
| Assets, Current | 13.94M | 10.93M | 11.42M | 14.19M | 25.70M | 181.22K |
| Assets | 29.80M | 17.22M | 20.38M | 25.00M | 40.21M | 150.50M |
| Long-term Debt | 85.81M | 82.99M | 74.68M | — | 65.25M | — |
| Liabilities, Current | 14.39M | 11.16M | 11.32M | 15.51M | 17.50M | 3.37M |
| Long-term Debt, Excluding Current Maturities | 82.12M | 78.87M | 70.12M | — | 54.80M | — |
| Liabilities | 96.89M | 90.38M | 81.82M | 76.18M | 72.91M | 8.40M |
| Stockholders' Equity Attributable to Parent | -67.09M | -73.16M | -61.44M | -51.17M | -32.70M | -5.34M |
Cash Flow Statement
| Concept | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q1 2023 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | — | -5.01M | — | -10.48M | — | -109.11K |
| Net Cash Provided by (Used in) Investing Activities | — | -477.87K | — | -731.64K | — | — |
| Net Cash Provided by (Used in) Financing Activities | — | 4.55M | — | 757.23K | — | — |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (MRT CIK 0001852767),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
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statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.