Marti Technologies Inc. (NYSE American: MRT) announced revenue of $39.2 million for full-year 2025, representing a 110% increase from the prior year. The Turkish mobility company also reported gross profit margin of 61%, compared to negative 15% in 2024.

The company's adjusted EBITDA improved to negative $12.1 million from negative $19.3 million in 2024, though it remained in loss territory. Net loss narrowed to $41.4 million from $73.9 million in the previous year.

Operational metrics showed growth across Marti's platform services. All-time unique ride-hailing riders increased 103% year-over-year to 3.38 million, while registered ride-hailing drivers grew 72% to 450,000. Total trips across all services reached 50.84 million, up 60% from 31.71 million in 2024.

The company expanded its geographic footprint, launching ride-hailing services in additional cities to reach 20 markets across Turkey. Marti also introduced delivery services in October 2025, extending beyond its core mobility offerings.

For 2026, Marti provided guidance of $70 million in revenue and positive adjusted EBITDA of $1 million. The company also set targets of 4.3 million all-time unique ride-hailing riders and 530,000 registered drivers by mid-2026.

Marti secured additional funding during 2025, entering into convertible note agreements totaling up to $123 million, though only $13 million had been issued as of December 31, 2025.