Marti Technologies attributes Q3 2026 revenue growth of 128.1% to subscription uptake, higher pricing
MRT•Marti Technologies said revenue rose 128.1% to $24.73 million in the third quarter of 2026, driven primarily by subscription uptake and higher average subscription pricing. Gross margin increased to 81.5%, net loss narrowed to $1.02 million, and adjusted EBITDA reached $5.61 million.
1. Revenue and margins
Revenue rose 128.1% to $24.73 million for the three months ended September 30, 2026. Management attributed the increase primarily to more consumers purchasing platform subscription packages and higher average subscription pricing. Gross margin expanded to 81.5% from 67.3%, as revenue growth significantly outpaced the increase in cost of revenues.
2. Loss and EBITDA
Net loss narrowed to $1.02 million from $11.16 million, helped by lower share-based compensation expense despite higher promotional subsidies. Adjusted EBITDA was $5.61 million, compared with a $3.62 million loss a year earlier.
