Marti Technologies reported that its ride‑hailing service reached 3.38 million riders and 450,000 registered drivers on December 31 2025, surpassing the year‑end targets of 3.30 million riders and 450,000 drivers set for the end of the calendar year.
The rider base grew 34% from 2.32 million on August 12, 2025, to 3.38 million by year‑end, while the driver pool increased 26% from 360,000 to 450,000 during the same period, correcting the previously reported 92% figure. The 26% driver growth reflects a steady expansion of the platform’s supply side, driven by targeted incentive programs and a broader geographic rollout into 20 metropolitan markets that now cover roughly 80% of Turkey’s GDP.
Financially, Marti’s revenue for the year rose 29.67% to $70 million, yet the company posted a net loss of $17 million and negative operating margins of –235%, underscoring the gap between operational scale and profitability. The loss is largely attributable to heavy investment in technology, marketing, and the expansion of its e‑mobility and delivery segments, which have yet to reach break‑even.
Segment analysis shows that ride‑hailing remains the largest contributor, accounting for 60% of revenue, while e‑mopeds, e‑bikes, e‑scooters, and delivery services together added 30% of total sales. The delivery arm, in particular, grew 45% YoY, driven by partnerships with local retailers and a surge in last‑mile demand during the holiday season.
CEO Oğuz Alper Oktem emphasized that the company is on track to exceed its 2025 guidance and highlighted the 2026 outlook, which projects revenue more than doubling to $140 million and a shift to positive adjusted EBITDA of $1 million. The guidance signals confidence in the company’s ability to convert operational growth into profitability through cost discipline and a higher mix of high‑margin services.
Investors responded favorably to the announcement, with market sentiment reflecting optimism about the operational milestone and the forward‑looking profitability guidance, while acknowledging ongoing financial challenges and the company’s current valuation relative to its earnings trajectory.
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