Marti Technologies, Inc. (MRT)
As-reported financials and SEC filings for Marti Technologies, Inc. The latest annual period is FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.
Snapshot
Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
What changed at Marti Technologies
- Revenue grew 110.3% to $39M in FY2025, after a 6.8% decline the year before.
- Operating margin is -72.7% in FY2025, -19.5 pp against -53.3% in FY2021.
- Free cash flow was negative $15M in FY2025.
- Net loss narrowed to $41M in FY2025, from $74M in FY2024.
Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.
Short interest
Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 2026-08-14 | 69.6K | -7.3% | 2.77 |
| 2026-07-31 | 75.0K | -15.1% | 1.55 |
| 2026-07-15 | 88.4K | -26.9% | 1.00 |
| 2026-06-30 | 120.9K | +14.7% | 1.47 |
| 2026-06-15 | 105.5K | -3.4% | 2.44 |
| 2026-05-29 | 109.2K | +2.8% | 3.17 |
| 2026-05-15 | 106.2K | -5.6% | 4.93 |
| 2026-04-30 | 112.5K | -12.2% | 6.04 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.
Income statement (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $39.2M | $18.7M | $20.0M | $25.0M | $17.0M |
| Gross profit | $24.0M | $-2.9M | $-4.1M | $-2.1M | $43,882 |
| Operating income | $-28.5M | $-65.3M | $-30.6M | $-14.9M | $-9.1M |
| Net income | $-41.4M | $-73.9M | $-33.8M | $-14.2M | $-14.5M |
| Diluted EPS | $-0.53 | $-1.25 | $-0.67 | $-0.32 | $-0.42 |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Balance sheet (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | $7.8M | $5.1M | $19.4M | $10.5M | $610,926 |
| Current assets | $13.9M | $11.4M | $25.7M | $20.5M | $758,253 |
| Total assets | $29.8M | $20.4M | $40.2M | $40.9M | $147.5M |
| Current liabilities | $14.4M | $11.3M | $17.5M | $15.9M | $706,224 |
| Long-term debt | $82.1M | $70.1M | $54.8M | $16.4M | — |
| Total liabilities | $96.9M | $81.8M | $72.9M | $33.3M | $5.7M |
| Total equity | $-67.1M | $-61.4M | $-32.7M | $7.6M | $20.5M |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Cash flow (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating cash flow | $-14.8M | $-25.1M | $-14.9M | $-5.5M | $-4.0M |
| Capital expenditure | $485,329 | $332,354 | $652,374 | — | — |
| Free cash flow | $-15.3M | $-25.4M | $-15.5M | — | — |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Company facts
Selected SEC filings
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.