Marti Technologies, Inc.

AMEX•MRT

CEO: Mr. Oguz Alper Oktem

セクター: Technology

業種: Software - Application

上場日: 2021-08-30

Marti Technologies, Inc. provides tech-enabled urban transportation services to riders in Turkey. It also operates a mobility app that provides multiple transportation services, such as a ride hailing service that matches riders with car, motorcycle, and taxi drivers, as well as operates a fleet of e-mopeds, e-bikes, and e-scooters. In addition, the company offers Super subscriber package, which enables riders to purchase the Marti rides in advance by daily or weekly. The company was founded in 2018 and is headquartered in Istanbul, Turkey.

連絡先情報

Buyukdere Cd. No:237, Maslak Sariyer, Istanbul, 34485, Turkey

90-850-308-34-19

www.marti.tech

時価総額

$172.37M

PER (TTM)

-2.3

配当利回り

52週高値

$3.70

52週安値

$1.97

52週レンジ

13%

順位55Top 80.0%

2.6

F-Score

改良版 Piotroski 分析

5年ファンダメンタル

弱い • 2.6 / 9 ポイント

スコアレンジ (0-9)

8-9: 価値が優れている

6-7: 基礎体質が強い

4-5: 全体的に堅調

0-3: パフォーマンスが弱い

データ期間: 2021-2025

財務ダッシュボード

Q2 2025 データ

売上高

$7.16M+70.38%

直近4四半期の推移

EPS

-$0.13-31.58%

直近4四半期の推移

フリーCF

-$2.65M-49.95%

直近4四半期の推移

2024 Annual 決算ハイライト

主なハイライト

Revenue Declined 6.8% Revenue fell 6.8% to $18.7M in 2024, driven by 5.7% fewer two-wheeled vehicles deployed across operations.

Gross Profit Loss Narrowed Gross profit loss narrowed by $1.2M to $(2.9)M due to efficiency measures, including ceasing low-performing city operations.

Ride-Hailing User Growth Total rides increased 17.5% to 31.71M, fueled by ride-hailing growth following subscription monetization starting Q4 2024.

G&A Expenses Surged G&A expenses rose 225.5% to $49.2M, heavily impacted by $37.2M in share-based compensation recognized during 2024.

リスク要因

Sustained Operating Losses Incurred significant operating losses historically; profitability maintenance remains uncertain despite efficiency gains and new monetization.

Turkish Economic Instability Operations heavily concentrated in Türkiye, facing political instability, high inflation, and significant foreign currency volatility risks.

Net Loss Significantly Increased Net loss increased to $(73.9)M in 2024 from $(33.8)M in 2023, further straining the overall negative equity position.

Reliance on App Stores Business model heavily dependent on Apple, Google, and Huawei storefronts; adverse changes could materially harm user growth.

見通し

Efficiency Focus Maintained Continue focusing on operational efficiency for two-wheeled vehicles; fleet expansion evaluated no earlier than summer 2026.

Organic Growth Strategy Plan organic growth in existing four cities, aiming to increase take rate of ride-hailing business during 2025.

Explore New Markets Evaluating potential opportunities to launch ride-hailing services in neighboring countries based on existing playbook scalability.

Increase Platform Take Rate Focused on increasing platform take rate via new subscription alternatives to strengthen unit economics sustainably.

同業比較

売上高 (TTM)

IMMR

$1.23B

+3538.9%

WALD

$514.94M

+48.5%

TCX

$390.30M

+7.7%

粗利益率 (最新四半期)

AEYE

78.9%

-2.2pp

SVCO

77.9%

+3.3pp

ONTF

74.9%

+0.5pp

主要指標

銘柄コード	時価総額	PER (TTM)	ROE (TTM)	負債比率
ONTF	$341.98M	-11.8	-19.6%	2.4%
SATL	$308.66M	-4.3	117.6%	134.4%
TROO	$289.73M	-23.7	-17.6%	0.0%

長期トレンド

直近4四半期

売上高

純利益

営業キャッシュフロー

4四半期売上高CAGR

11.8%

安定成長

4四半期純利益CAGR

N/M

収益構造の変化

キャッシュフロー安定性

キャッシュフローに注意が必要

深度リサーチ

次回決算:2026年4月27日

EPS:-

売上高:-

財務データ

決算説明会

財務レポート

ニュース

損益計算書

バランスシート

キャッシュフロー計算書

財務比率

変化率

損益計算書	直近12ヶ月

データなし