Marti Technologies Reports Record Q3 2026 Revenue Growth and First Positive Operating Income
Marti Technologies (MRT) reported strong third-quarter 2026 financial results, highlighted by a 128% year-over-year revenue increase to $24.7 million. The company achieved a significant milestone by recording its first-ever positive quarterly operating income of $2.7 million and maintaining positive free cash flow for the second consecutive quarter. Growth was driven by a 46% increase in trip volumes and expansion into 40 cities, now covering approximately 90% of Turkey's GDP. While net loss narrowed significantly to $1 million from $11.2 million in the prior year, the company continues to scale its platform, seeing a 64% rise in unique platform consumers. Management reaffirmed full-year 2026 revenue guidance of $85 million.
Topics: Free Cash Flow Operating Income Profitability Revenue Growth User Growth
Read the full article at Motley Fool
Part of the story Sea Limited Reports Q3 2026 Revenue Growth and Strategic Plans for Monee Listing (7 articles)