Marti Technologies, Inc. (NYSE:MRT) Financial Overview and Growth in Ride-Hailing Sector

Font: Financial Modeling Prep  • Sep 22, 2025

• MRT's unique ride-hailing riders have surged to 2.28 million, a 107% increase from the previous year.
• The company reported an EPS of -0.31 and actual revenue of $14.33 million, slightly below the expected $14.43 million.
• Financial metrics indicate a mixed picture with a price-to-sales ratio of 9.62 and a negative price-to-earnings ratio of -1.87.

Marti Technologies, Inc. (NYSE:MRT) is a leading figure in Türkiye's mobility sector, renowned for its all-encompassing super app that encompasses ride-hailing services. The company, which is traded on the NYSE American, has demonstrated significant growth in its ride-hailing segment. MRT's unique ride-hailing riders have impressively increased to 2.28 million, marking a 107% rise from the previous year, while the number of registered drivers has expanded by 92% to 327,000.

On September 22, 2025, MRT disclosed its earnings, showcasing an earnings per share (EPS) of -0.31, which was in line with the estimated EPS. The company's actual revenue reached $14.33 million, slightly falling short of the anticipated $14.43 million. Despite these figures, MRT's growth in ride-hailing underscores its burgeoning market presence, as evidenced by the participation of key analysts during the earnings call.

MRT's financial metrics offer a nuanced view. The company has a price-to-sales ratio of 9.62, indicating significant market valuation of its sales. Conversely, the enterprise value to sales ratio stands higher at 13.37, suggesting a more substantial valuation when considering debt and cash. The negative price-to-earnings ratio of -1.87 and earnings yield of -53.39% highlight ongoing financial challenges.

The enterprise value to operating cash flow ratio of -9.95 underlines MRT's cash flow issues, while a debt-to-equity ratio of -1.22 signals more liabilities than equity. Despite these hurdles, MRT maintains a current ratio of 1.69, indicating it has sufficient current assets to cover its short-term liabilities. This balance suggests MRT is effectively managing its liquidity amidst financial challenges.