Marti Technologies (NYSEAMERICAN: MRT) Q2 Earnings: Strong Revenue Growth Amidst Profitability Challenges

Font: Financial Modeling Prep  • Aug 19, 2026

• Marti Technologies, Inc. (NYSEAMERICAN: MRT) reported strong revenue growth of 141%, reaching nearly $20 million, surpassing analyst expectations for its urban mobility platform.
• Despite impressive revenue, the company faced profitability challenges, missing earnings per share (EPS) estimates with a loss of $0.15 per share.
• A significant financial milestone was achieved with a positive adjusted EBITDA of $2.9 million for the first time, indicating improved operating performance.

Marti Technologies, Inc. (NYSEAMERICAN: MRT) is a leading urban mobility platform in Türkiye, operating as a "mobility super app" with a growing ride-hailing marketplace. On August 19, 2026, the company announced its second-quarter earnings results, presenting a mixed financial picture that highlights both strong growth and ongoing profitability challenges.

The company's revenue for the quarter came in at nearly $20 million, surpassing the analyst expectation of $18.41 million. This figure represents a substantial 141% growth compared to the same period last year. This strong performance is mainly due to Marti Technologies' platform subscription package monetization and an increase in trip volumes.

Despite the impressive revenue, Marti Technologies reported a loss of $0.15 per share, which missed the consensus estimate of a $0.07 loss per share. This unprofitability is reflected in its negative price-to-earnings (P/E) ratio of -4.21. A negative P/E ratio indicates that a company has had net losses over the past year.

However, the company did reach a major milestone. For the first time, Marti Technologies achieved a positive adjusted EBITDA of $2.9 million, as highlighted by Business Wire. Adjusted EBITDA is a measure of a company's operating performance. This is a notable improvement from a $2.4 million loss in the same quarter last year.

A look at Marti Technologies' balance sheet shows a current ratio of 0.78. A current ratio below 1 suggests that a company's short-term liabilities are greater than its short-term assets, which can indicate potential difficulty in meeting immediate financial obligations.