Quarterly ResultMay 21, 2026, 06:17 AM
Marti Q1 Revenue +156% to $15.4M; Gross Margin 72%; Adj. EBITDA $(0.5)M
AI Summary
Marti Technologies reported strong financial and operational results for the first quarter ended March 31, 2026. Revenue surged 156% to $15.4 million, and gross profit margin significantly expanded to 72%. The company demonstrated substantial improvement in profitability, with net loss narrowing 26% to $7.4 million and Adjusted EBITDA improving to $(0.5) million. Marti reaffirmed its full-year 2026 guidance, targeting $70.0 million in revenue and $1.0 million in Adjusted EBITDA, and also announced a new $2.5 million share repurchase program.
Key Highlights
- Revenue increased 156% YoY to $15.4 million in Q1 2026.
- Gross profit margin expanded to 72% in Q1 2026, up from 36.8% YoY.
- Net loss narrowed 26% YoY to $7.4 million in Q1 2026.
- Adjusted EBITDA improved to $(0.5) million in Q1 2026, from $(3.6) million YoY.
- Total trips increased 93% YoY to 16.2 million and unique platform consumers grew 89% YoY to 2.1 million.
- Reaffirmed FY 2026 revenue guidance of $70.0 million and Adjusted EBITDA of $1.0 million.
- Announced a new $2.5 million share repurchase program valid until October 2026.
Price Impact
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