Marti Technologies Posts 156% Revenue Surge, Narrows Losses in Q1…

Event summary

Marti Technologies reported 156% YoY revenue growth to $15.4M in Q1 2026, with gross profit margin expanding to 72% from 37%.
Net loss narrowed by 26% YoY to $7.4M, with Adjusted EBITDA improving by $3.1M to $(0.5)M.
Total trips increased 93% YoY to 16.2M, with unique platform consumers growing 89% YoY to 2.1M.
Ride-hailing riders and registered drivers grew 101% and 70% YoY, respectively.

The big picture

Marti's strong Q1 2026 results reflect the scaling of its platform monetization model and improved unit economics. The company's ability to narrow losses while expanding its service offerings positions it favorably in Türkiye's competitive mobility market. Marti's strategic focus on platform efficiency and utilization will be critical as it aims to capture additional scale opportunities and achieve long-term profitability.

What we're watching

Profitability Path: Whether Marti can sustain its gross profit margin expansion and achieve its first full year of positive Adjusted EBITDA in 2026.
Market Penetration: The pace at which Marti can scale its multi-service platform across its 20-city footprint in Türkiye.
Operational Efficiency: How Marti's platform subscription package monetization model will impact long-term unit economics and operating leverage.