Marti Technologies Reports Strong Q2 Earnings with Revenue Growth of 141% YoY
Marti Technologies reported a significant improvement in profitability for the second quarter of 2026, achieving revenue growth of 141% year over year to nearly $20 million. Adjusted EBITDA turned positive at $2.9 million compared to a loss of $2.4 million in the same period last year. The company also raised its full-year 2026 outlook for both revenue and adjusted EBITDA, citing strong ride volumes and cost control. The ride-hailing network expanded into 30 Turkish cities during the quarter, with trips increasing by 73% and unique consumers rising by 76%. Management highlighted continued development in delivery services, AI tools, and potential autonomous vehicle pilots. Gross margin reached a record high of 77%, driven primarily by lower cost ratios across several categories. Despite reporting a GAAP net loss due to an $8.3 million one-time debt extinguishment charge, the company noted that excluding this item, its losses were significantly reduced compared to last year.
Tickers: $MRT
Topics: ebitda_improvement revenue_growth ride-hailing_expansion