Marti Technologies Grows FY2025 Revenue 110% to $39.2M, Adjusted EBITDA Loss Narrows
Marti Technologies grew FY2025 revenue 110% to $39.2M, beating guidance by $5.2M and narrowing net loss by $32.4M to $41.4M, while improving adjusted EBITDA loss to $12.1M with a 61% gross margin. Unique ride-hailing riders rose 103% and registered drivers 72%, but a 0.98 current ratio signals potential liquidity constraints.
1. FY2025 Financial Performance
Marti recorded FY2025 revenue of $39.2 million, up 110% year-over-year and $5.2 million above guidance. The company narrowed its net loss by $32.4 million to $41.4 million and improved adjusted EBITDA loss by $7.2 million to $12.1 million, achieving a 61% gross profit margin.
2. Operational Growth Drivers
Strong monetization efforts drove a 103% increase in unique ride-hailing riders and a 72% rise in registered drivers. This user growth underpins the expanded service offerings of the mobility super app, including e-mopeds, e-bikes and e-scooters.
3. Liquidity and Balance Sheet
The current ratio stands at 0.98, below the 1.0 benchmark, indicating potential short-term liquidity challenges. A negative debt-to-equity ratio of -1.14 reflects liabilities exceeding equity, underscoring the need for improved cash flow management.