Full Year 2025 Marti Technologies Inc Earnings Call Transcript
Key Points
- Marti Technologies Inc (MRT) achieved significant revenue growth in 2025, more than doubling to $39.2 million, exceeding guidance by $5.2 million.
- The company expanded its ride-hailing footprint into 16 additional cities, significantly increasing its addressable market.
- Gross profit margin improved dramatically from negative 15.5% to 61.1%, demonstrating strong operational efficiency.
- Marti Technologies Inc (MRT) is the number one urban mobility app in Turkiye, with a strong presence across both iOS and Android platforms.
- The company achieved a 37% reduction in adjusted EBITDA loss, narrowing it to $12.1 million, and is targeting positive adjusted EBITDA in 2026.
- The ongoing conflict in the Middle East could impact fuel prices, which may affect the cost per trip for drivers and consumer demand.
- Marti Technologies Inc (MRT) faces potential regulatory challenges as it seeks to create laws that enable ride-hailing at the national level.
- The company is still in the early stages of monetizing its platform, with only three cities monetized in 2025.
- There is uncertainty regarding the impact of potential competition entering the market, which could increase customer acquisition costs.
- The company has a relatively low take rate compared to global benchmarks, indicating room for improvement in monetization.
Hello, everyone, and thank you for joining us for the Marti Technologies full year 2025 conference call. Before we begin, I'd like to mention that today's earnings release and slide presentation are available on Mart's Investor Relations website at ir.marti.tech, where you also find links to our SEC filings, along with other information about Marti. Joining me on today's call are Oguz Alper Oktem, Marti's CEO and Cankut Durgun, Marti's Co-Founder, President and COO.
Before we begin, I'd like to remind everyone that statements made on this call as well as in today's earnings release and accompanying slide presentation contain forward-looking statements regarding our financial outlook, business plans, objectives, goals and strategies and other future events and developments, including statements about the market and revenue potential of our services. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected.
These risks and uncertainties include those described in our filings with the SEC, today's
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