Marti Technologies, Inc. Q1 2026 Earnings Release

Marti Technologies, Inc. announced its first quarter 2026 financial and operational results, reporting a 156% year-over-year revenue increase to $15.4 million, driven by strong ride-hailing momentum and platform subscription package revenue. The company saw a significant improvement in profitability, with net loss narrowing by 26% to $7.4 million and Adjusted EBITDA improving by $3.1 million to $(0.5) million. Gross profit margin expanded substantially to 72%, up from 36.8% in the prior year quarter, due to improved unit economics and operating leverage. Total trips increased by 93% to 16.2 million, and unique platform consumers grew by 89% to 2.1 million. The company reaffirmed its full-year 2026 guidance, expecting revenue of $70.0 million and a positive Adjusted EBITDA of $1.0 million, marking the first full year of positive Adjusted EBITDA. Marti also announced a new $2.5 million share repurchase program.