MRT · Marti Technologies, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | $357.2K | - | $1.03M | $11.9K | - |
| Total Operating Expenses | - | - | - | - | - | $357.2K | - | $1.03M | $11.9K | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | - | - | - | - | - | $1.22M | - | - | ($310.5K) | - |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.81M | $4.21M | $5.15M | $8.97M | $19.42M | $142.8K | $251.9K | $310.8K | $496.3K | $610.9K |
| Accounts Receivable | $503.8K | $757.6K | $203.5K | $297.1K | $188.4K | - | $375.2K | - | - | - |
| Inventory | $1.99M | $2.09M | $2.03M | $2.21M | $2.61M | - | $3.33M | - | - | - |
| Accounts Payable | $4.08M | $1.93M | $1.65M | $2.06M | $2.80M | - | $3.57M | - | - | - |
| Current Assets | $13.94M | $10.93M | $11.42M | $14.19M | $25.70M | $181.2K | $323.4K | $415.3K | $630.2K | $758.3K |
| Total Assets | $29.80M | $17.22M | $20.38M | $25.00M | $40.21M | $150.50M | $149.07M | $147.65M | $147.47M | $147.46M |
| Current Liabilities | $14.39M | $11.16M | $11.32M | $15.51M | $17.50M | $3.37M | $3.15M | $2.66M | $1.86M | $706.2K |
| Long-term Debt | $82.12M | $78.87M | $70.12M | - | $54.80M | - | $23.67M | - | - | - |
| Total Liabilities | $96.89M | $90.38M | $81.82M | $76.18M | $72.91M | $8.40M | $8.18M | $7.69M | $6.89M | $5.74M |
| Stockholders' Equity | ($67.09M) | ($73.16M) | ($61.44M) | ($51.17M) | ($32.70M) | ($5.34M) | ($4.99M) | ($4.40M) | ($3.38M) | ($2.03M) |
| Retained Earnings | ($180.93M) | ($158.77M) | ($139.49M) | ($87.48M) | ($65.61M) | ($5.34M) | ($4.99M) | ($4.40M) | ($3.38M) | ($2.03M) |
Cash Flow
| Line item | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | - | - | ($109.1K) | - | - | ($9.2K) | - |
| Investing Cash Flow | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | - | - | - | - | - | - | - | - | - | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | - | - | - | - | - | 0.8% | - | - | -0.2% | - |
| Return on equity | - | - | - | - | - | -22.9% | - | - | 9.2% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.97 | 0.98 | 1.01 | 0.91 | 1.47 | 0.05 | 0.10 | 0.16 | 0.34 | 1.07 |
| Quick ratio | 0.83 | 0.79 | 0.83 | 0.77 | 1.32 | 0.05 | -0.95 | 0.16 | 0.34 | 1.07 |
| Cash ratio | 0.54 | 0.38 | 0.45 | 0.58 | 1.11 | 0.04 | 0.08 | 0.12 | 0.27 | 0.87 |
| Leverage | ||||||||||
| Debt / Equity | -1.22 | -1.08 | -1.14 | - | -1.68 | - | -4.75 | - | - | - |
| Debt / Assets | 2.76 | 4.58 | 3.44 | - | 1.36 | - | 0.16 | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -0.44 | -0.24 | -0.33 | -0.49 | -1.23 | -28.16 | -29.89 | -33.53 | -43.66 | -72.65 |
| Liabilities / Assets | 3.25 | 5.25 | 4.01 | 3.05 | 1.81 | 0.06 | 0.05 | 0.05 | 0.05 | 0.04 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Net income growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -9.2% | -43.0% | -87.9% | - | -555.7% | -58.2% | -145.7% | -239.5% | - | - |
Peer comparison
Same SIC group: Services-Auto Rental & Leasing (No Drivers)
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| R | $12.66B | 3.9% | 16.3% |
| CAR | $11.65B | -7.6% | 28.4% |
| HTZ | $8.50B | -8.8% | 162.7% |
| SP | - | - | - |
| UHAL UHALB | $6.04B | 1.4% | 1.1% |
Comparing Marti Technologies against the 5 most active filers in the same SIC group.