5 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 23.3% per year over the past 4 years.
Operating margin has contracted, at -72.7% in the latest year.
Financial health
Total debt ($86M) exceeds cash ($8M); net debt is $78M.
Total debt has grown faster than revenue (53.6% vs 23.3% per year).
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$39M
-$41M
-9.8%
-72.7%
-$15M
$86M
$8M
2024
$19M
-$74M
-6.0%
-350.0%
-$25M
$75M
$5M
2023
$20M
-$34M
-4.9%
-152.8%
-$16M
$76M
$19M
2022
$25M
-$14M
-7.8%
-59.6%
—
$24M
$10M
2021
$17M
-$841299
0.0%
-53.3%
—
—
$610926
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '23
—
$1M
—
—
—
—
$142759
Dec '22
—
$929108
—
—
—
$24M
$10M
Sep '22
—
-$630938
—
—
—
—
$310808
Jun '22
—
-$310525
—
—
—
—
$496261
Mar '22
—
-$824761
—
—
—
—
$601680
Dec '21
—
-$684298
—
—
—
—
$610926
Sep '21
—
-$144650
—
—
—
—
$645854
Jun '21
—
-$12351
—
—
—
—
—
Valuation over time
How the market has priced MRT against its own fundamentals since 2023-07 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 4.1× (Jul '23) to 3.2× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is MRT growing its revenue and profit?
Over the past 4 years, Marti Technologies, Inc.'s revenue has grown 23.3% per year. These are computed facts, not advice.
How much debt does MRT have?
As of FY2025, Marti Technologies, Inc. reported $86M of total debt against $8M of cash.
What is MRT's profit margin?
In FY2025, gross margin was -9.8%, operating margin -72.7%, and net margin -105.6%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.