Marti Technologies Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw 156% revenue growth, gross margin rise to 72%, and adjusted EBITDA near breakeven, driven by ride-hailing and expanding delivery services. The platform reached 2.1 million unique consumers and remains confident in its $70M revenue and $1M EBITDA guidance for 2026.
Fiscal Year 2025
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Revenue more than doubled to $39.2M in 2025, with gross margin rising to 61.1% and adjusted EBITDA loss narrowing by 37%. Guidance for 2026 targets $70M revenue and positive adjusted EBITDA, supported by continued expansion and platform monetization.
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Revenue grew 70% year-over-year to $14.3M in H1 2025, driven by ride-hailing expansion and operational efficiency. Adjusted EBITDA improved by $5.4M, and the company is on track to double annual revenue to $34M in 2025, supported by strong user and driver growth.
Fiscal Year 2024
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Revenue for 2024 reached $18.7 million, driven by ride-hailing monetization and operational efficiencies, with adjusted EBITDA at negative $19.3 million. 2025 guidance targets $34 million revenue and positive EBITDA, focusing on ride-hailing growth in existing cities.
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H1 2024 saw strong rider and driver growth, operational cost reductions, and improved profitability metrics, despite a slight revenue decline. Monetization of ride-hailing is under review, with regulatory progress and capital needs influencing timing.