Revenue
20 million uref_562069765
2026 Q2 · uref_562069765
Exact inputs and evidence
- Revenue: 19984897 uref_562069765 Source
Fundies. English
Marti Technologies, Inc.
EDGARAnnual consolidated revenue for 2025: about USD 39.24M, using the latest reported figures. The previous period, 2024, was about USD 18.66M.
Latest quarter
- Cash and cash equivalents
- 12.5 million uref_562069765 Source
Exact value
12502660 uref_562069765
- Long-term debt including current maturities
- 106 million uref_562069765 Source
Exact value
106333984 uref_562069765
- Shares outstanding
- 12.5 million Unit_Standard_shares_XWscQ506rEiHEbTO6PVoMg Source
Exact value
12452057 Unit_Standard_shares_XWscQ506rEiHEbTO6PVoMg
Reported share-count change
0.13% · 15.6 thousand Unit_Standard_shares_XWscQ506rEiHEbTO6PVoMg
Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-09-10.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 5 of 11 periods available· newest 2025-12-31
- Operating income: 5 of 11 periods available· newest 2025-12-31
- Net income: 5 of 11 periods available· newest 2025-12-31
- Operating cash flow: 5 of 11 periods available· newest 2025-12-31
- Capital expenditure: 3 of 11 periods available· newest 2025-12-31
- Total assets: Multiple units; comparison withheld· newest 2025-12-31
- Total liabilities: Multiple units; comparison withheld· newest 2025-12-31
- Current assets: Multiple units; comparison withheld· newest 2025-12-31
- Current liabilities: Multiple units; comparison withheld· newest 2025-12-31
- Cash and cash equivalents: Multiple units; comparison withheld· newest 2025-12-31
- Long-term debt including current maturities: Multiple units; comparison withheld· newest 2025-12-31
- Shares outstanding: 3 of 11 periods available· newest 2022-12-31
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
+110.3%Prior period
USD 18.66 million
–
Current period
USD 39.24 million
–
Exact inputs and evidence
39241487 − 18659655 = 20581832 USD
18659655 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source39241487 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
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Net income
+USD 32.43 millionPrior period
−USD 73.88 million
–
Current period
−USD 41.45 million
–
Exact inputs and evidence
-41446038 − -73880982 = 32434944 USD
-73880982 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source-41446038 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
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Operating cash flow
+USD 10.3 millionPrior period
−USD 25.08 million
–
Current period
−USD 14.78 million
–
Exact inputs and evidence
-14781252 − -25077064 = 10295812 USD
-25077064 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source-14781252 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
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Capital expenditure
+46%Prior period
USD 332,354
–
Current period
USD 485,329
–
Exact inputs and evidence
485329 − 332354 = 152975 USD
332354 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source485329 USD · 2025-01-01 – 2025-12-31
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Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 39.24 million 100% of revenue
- Operating costs Derived USD 67.77 million 173% of revenue
- Operating income −USD 28.53 million −73% of revenue
- Tax, interest and other Derived USD 12.91 million 33% of revenue
- Net income −USD 41.45 million −106% of revenue
Cash
- Operating cash flow −USD 14.78 million −38% of revenue
- Capital expenditure USD 485,329 1.2% of revenue
- Free cash flow Derived −USD 15.27 million −39% of revenue
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2021 Operating loss: operating costs were 153% of revenue.
- 2022 Operating loss: operating costs were 160% of revenue.
- 2023 Operating loss: operating costs were 253% of revenue.
- 2024 Operating loss: operating costs were 450% of revenue.
- 2025 Operating loss: operating costs were 173% of revenue.
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2021 2021-01-01 – 2021-12-31 | 16999437 | 26052148 Derived | -9052711 | 5419783 Derived | -14472494 | Unavailable | Source
|
| 2022 2022-01-01 – 2022-12-31 | 24988171 | 39869278 Derived | -14881107 | -635229 Derived | -14245878 | Unavailable | Source
|
| 2023 2023-01-01 – 2023-12-31 | 20029552 | 50632979 Derived | -30603427 | 3211292 Derived | -33814719 | -15518151 Derived | Source
|
| 2024 2024-01-01 – 2024-12-31 | 18659655 | 83969592 Derived | -65309937 | 8571045 Derived | -73880982 | -25409418 Derived | Source
|
| 2025 2025-01-01 – 2025-12-31 | 39241487 | 67773600 Derived | -28532113 | 12913925 Derived | -41446038 | -15266581 Derived | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 39.2M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2021 | Revenue | 16999437 |
|
| 2022 | Revenue | 24988171 |
|
| 2023 | Revenue | 20029552 |
|
| 2024 | Revenue | 18659655 |
|
| 2025 | Revenue | 39241487 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
110.3% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2021 | Year over year | No prior comparable period |
|
| 2022 | Year over year | 47% |
|
| 2023 | Year over year | -19.8% |
|
| 2024 | Year over year | -6.8% |
|
| 2025 | Year over year | 110.3% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin -72.7% 2025
Net margin -105.6% 2025
Free cash flow margin -38.9% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2021 | Operating margin | -53.3% |
|
| 2022 | Operating margin | -59.6% |
|
| 2023 | Operating margin | -152.8% |
|
| 2024 | Operating margin | -350% |
|
| 2025 | Operating margin | -72.7% |
|
| 2021 | Net margin | -85.1% |
|
| 2022 | Net margin | -57% |
|
| 2023 | Net margin | -168.8% |
|
| 2024 | Net margin | -395.9% |
|
| 2025 | Net margin | -105.6% |
|
| 2021 | Free cash flow margin | Not reported |
|
| 2022 | Free cash flow margin | Not reported |
|
| 2023 | Free cash flow margin | -77.5% |
|
| 2024 | Free cash flow margin | -136.2% |
|
| 2025 | Free cash flow margin | -38.9% |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD -14.8M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2021 | Operating cash flow | -4037001 |
|
| 2022 | Operating cash flow | -5465618 |
|
| 2023 | Operating cash flow | -14865777 |
|
| 2024 | Operating cash flow | -25077064 |
|
| 2025 | Operating cash flow | -14781252 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
USD -15.3M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2021 | Free cash flow | Unavailable |
|
| 2022 | Free cash flow | Unavailable |
|
| 2023 | Free cash flow | -15518151 |
|
| 2024 | Free cash flow | -25409418 |
|
| 2025 | Free cash flow | -15266581 |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2021-12-31 | Liabilities / assets | Not reported | No source recorded |
| 2022-12-31 | Liabilities / assets | Not reported | No source recorded |
| 2023-12-31 | Liabilities / assets | Not reported | No source recorded |
| 2024-12-31 | Liabilities / assets | Not reported | No source recorded |
| 2025-12-31 | Liabilities / assets | Not reported | No source recorded |
Current assets to current liabilities
Current assets divided by current liabilities.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2021-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2022-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2023-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2024-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2025-12-31 | Current assets / current liabilities | Not reported | No source recorded |
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2021 2021-01-01 – 2021-12-31 | −USD 14.47 million Exact valueExact value: -14472494 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 4.04 million Exact valueExact value: -4037001 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2022 2022-01-01 – 2022-12-31 | −USD 14.25 million Exact valueExact value: -14245878 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 5.47 million Exact valueExact value: -5465618 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2023 2023-01-01 – 2023-12-31 | −USD 33.81 million Exact valueExact value: -33814719 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 14.87 million Exact valueExact value: -14865777 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 652,374 Exact valueExact value: 652374 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 15.52 million Calculation and evidence-14865777 − 652374 USD Exact free cash flow: -15518151 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2024 2024-01-01 – 2024-12-31 | −USD 73.88 million Exact valueExact value: -73880982 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 25.08 million Exact valueExact value: -25077064 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 332,354 Exact valueExact value: 332354 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 25.41 million Calculation and evidence-25077064 − 332354 USD Exact free cash flow: -25409418 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2025 2025-01-01 – 2025-12-31 | −USD 41.45 million Exact valueExact value: -41446038 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 14.78 million Exact valueExact value: -14781252 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 485,329 Exact valueExact value: 485329 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 15.27 million Calculation and evidence-14781252 − 485329 USD Exact free cash flow: -15266581 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
61 filings · 1,348 latest values · 1,348 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001852767, 1852767, MRT, edgar:1852767
Also known as GALATA ACQUISITION CORP., Galata Acquisition Corp., Marti Technologies, Inc., Marti Technologies, Inc.