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20-F ·Filed Apr 13, 2026

MRT

Marti Technologies, Inc.
BULLISH
Impact 8/10
Horizonmonths Processed6mo ago SEC0001213900-26-042974
Notable filing: 20-F
Actionable Insight ▲ Bullish

The company's strong financial performance and profitability trajectory suggest potential for stock price appreciation. The Marti Shareholder Loyalty Program launched in March 2026 could drive additional platform engagement and repeat usage.

DirectionBullish
Confidencehigh
Horizonmonths
Final — all horizons settled through T+60d ⚠ clustered
MRT ▼ -37.74% at T+60d
LONG call ✗ call lost -37.74% · α vs SPY -46.26% · entry $2.12 → $1.32
Entry = T+0 close
Apr 13, 2026
via day close
T+1d
+3.77%
call +3.77% · α +3.00%
$2.20
settled 7mo ago
T+5d
+3.77%
call +3.77% · α +2.38%
$2.20
settled 6mo ago
T+20d
-3.30%
call -3.30% · α -9.60%
$2.05
settled 6mo ago
T+60d
-37.74%
call -37.74% · α -46.26%
$1.32
settled 4mo ago

Price Chart

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Executive Summary

Marti Technologies reported a breakout 2025 with revenue up 110% YoY to $39.2M, gross profit margin flipping from -15% to 61%, and Adjusted EBITDA improving to -$12.1M, all ahead of guidance. The company is on track to achieve profitability in 2026 with $70M revenue and positive Adjusted EBITDA targets.

Key Facts

  • Revenue increased 110% YoY to $39.2M in 2025
  • Gross profit margin improved from -15% to 61%
  • Adjusted EBITDA improved to -$12.1M
  • Company on track to achieve profitability in 2026 with $70M revenue target
  • Launched Marti Shareholder Loyalty Program in March 2026

Financial Impact

Revenue increased by $20.6 million, or 110.3%, from $18.7 million during the year ended December 31, 2024 to $39.2 million during the year ended December 31, 2025

revenueepsdebt

Risk Factors

  • The company has convertible notes totaling $85.8 million outstanding, with $81.5 million in-the-money at an exercise price of $1.65
  • The company has identified material weaknesses in internal control over financial reporting

Market Snapshot

Exchange
NYSE
Sector
Services-Auto Rental & Leasing (No Drivers)

Investment Themes

Services

Documents Analyzed

This report is based on 2 SEC documents filed with EDGAR.

DocumentAccession Number
20-F Filing (Primary)0001213900-26-042974
Document: ea028487101ex4-14.htm0001213900-26-042974
10 reports for MRT
Performance horizon
67% Hit rate @ T+5 4 of 6 directional calls Went positive at some point 4 of 6 best @ T+60▲ +40.00%Jul 13, 2026
Filters
Rows
Reports for MRT — sortable, filterable
TypeNow
Oct 26, 2026
today
6-K
BULLISH ★ 4/10
$2.06awaiting T+5—$1.95 (−5.34%)
Sep 10, 2026
6w ago
6-K
NEUTRAL ★ 4/10
$2.05 $2.03▼ −0.98%▼ −0.48%$1.95 (−4.88%)
Aug 19, 2026
9w ago
6-K
BULLISH ★ 7/10
$1.96 $2.17▲ +10.71%▲ +11.10%$1.95 (−0.51%)
Jul 13, 2026
15w ago
6-K
BULLISH ★ 5/10
$1.40 $1.60▲ +14.29%▲ +15.07%$1.95 (+39.29%)
Jun 10, 2026
19w ago
6-K
BEARISH ★ 6/10
$1.81 $1.78▲ +1.66%▲ +2.09%$1.95 (−7.73%)
May 21, 2026
22w ago
6-K
BULLISH ★ 7/10
$1.98 $1.94▼ −2.02%▼ −3.87%$1.95 (−1.52%)
May 21, 2026
22w ago
6-K
BULLISH ★ 7/10
$1.98 $1.94▼ −2.02%▼ −3.87%$1.95 (−1.52%)
Apr 27, 2026
26w ago
6-K
NEUTRAL ★ 4/10
$2.13 $2.05▼ −3.76%▼ −4.16%$1.95 (−8.45%)
Apr 13, 2026
28w ago
20-F
BULLISH ★ 8/10
$2.12 $2.20▲ +3.77%▲ +2.38%$1.95 (−8.02%)
Apr 13, 2026
28w ago
6-K
BULLISH ★ 8/10
$2.12 $2.20▲ +3.77%▲ +2.38%$1.95 (−8.02%)
Showing 10 of 10

US Market Status

Market Closed — Opens in 5h 41m

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Report published Apr 13, 2026