Marti Technologies, Inc. (MRT)

Marti Technologies Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	18.66	20.03	24.99	17
Revenue Growth (YoY)	-6.84%	-19.84%	46.99%	-
Cost of Revenue	21.49	23.98	26.98	16.4
Gross Profit	-2.83	-3.95	-1.99	0.6
Selling, General & Admin	58.57	22.37	10.65	6.86
Research & Development	1.96	1.95	1.88	1.04
Other Operating Expenses	2.37	1.48	0.19	1.71
Operating Expenses	62.91	25.81	12.71	9.62
Operating Income	-65.73	-29.76	-14.71	-9.02
Interest Expense	-9.98	-6.74	-1.88	-0.61
Interest & Investment Income	1.01	0.83	0.23	0.18
Currency Exchange Gain (Loss)	0.4	2.73	2.34	-4.09
Other Non Operating Income (Expenses)	-0	-0.03	-0.05	-0.01
EBT Excluding Unusual Items	-74.31	-32.97	-14.07	-13.55
Legal Settlements	-0.18	-0.85	-0.18	-0.04
Other Unusual Items	0.61	-	-	-
Pretax Income	-73.88	-33.81	-14.25	-13.58
Income Tax Expense	-	-	-	0.89
Net Income	-73.88	-33.81	-14.25	-14.47
Net Income to Common	-73.88	-33.81	-14.25	-14.47
Shares Outstanding (Basic)	59	51	44	34
Shares Outstanding (Diluted)	59	51	44	34
Shares Change (YoY)	16.58%	14.66%	28.81%	-
EPS (Basic)	-1.25	-0.67	-0.32	-0.42
EPS (Diluted)	-1.25	-0.67	-0.32	-0.42
Free Cash Flow	-25.41	-19.6	-13.46	-26.87
Free Cash Flow Per Share	-0.43	-0.39	-0.30	-0.79
Gross Margin	-15.16%	-19.72%	-7.98%	3.52%
Operating Margin	-352.28%	-148.57%	-58.85%	-53.05%
Profit Margin	-395.94%	-168.82%	-57.01%	-85.14%
Free Cash Flow Margin	-136.17%	-97.88%	-53.85%	-158.07%
EBITDA	-57.04	-19.71	-5.61	-3.54
EBITDA Margin	-	-98.42%	-22.45%	-20.85%
D&A For EBITDA	8.69	10.04	9.1	5.47
EBIT	-65.73	-29.76	-14.71	-9.02
EBIT Margin	-	-148.57%	-58.85%	-53.05%
Advertising Expenses	3.66	3.28	0.44	0.18

Updated Sep 30, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q