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Marti Technologies, Inc. (MRT)

NYSE: MRT · Services-Auto Rental & Leasing (No Drivers) · filing with the SEC since 2021
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Grade4.5
◀ Past 3.5● Present 3.6▶ Future 6.7
2 est.
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The grade of Marti Technologies, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.5/10
◀ Past3.525% of the headline
● Present3.645% of the headline
▶ Future6.730% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.5/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
3.2/10

Has it survived what it has been through?

5 warning events since 2021; the latest 2023-05-15.

weight 45% of this tense · 32nd percentile among 14 sector filers · read for itself

From the record

Marti Technologies, Inc.'s filings since 2021 show 5 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 2 times, the latest 2023-02-03); a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-11-17); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2023-05-15) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.0/10

What has it actually done, year after year?

+23.3% a year over 5 filed years; profitable in 0 of 5.

weight 33% of this tense · 40th percentile among 13 sector filers · read for its customers

From the record

Marti Technologies, Inc.'s 5 filed years say what it did: revenue went from $17 million in fiscal 2021 to $39 million in fiscal 2025, up 23.3% a year; it rose in 2 of 4 years; the deepest fall was 25% from fiscal 2022 to fiscal 2024; net income was positive in 0 of 5 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span23.3%top 12% of its family
  • the share of years revenue rosebottom 27% of its family
  • the share of filed years with a profitbottom 19% of its family
  • the deepest fall from a revenue peak25.3%bottom 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
3.5/10

How has it treated the people who own it?

SI estimate 3.5/10, confidence 35 of 100 (one part).

weight 22% of this tense · 35th percentile among 13 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 35% of 13 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 13 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Marti Technologies, Inc.'s shareholder treatment is put at 3.5 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 35% of 13 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.6/1045% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
3.6/10

Is it financially healthy right now?

Leverage 325%: owes 325¢ per asset dollar.

weight 45% of this tense · 37th percentile among 14 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Marti Technologies, Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 80 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 325 cents per dollar of assets, and net share issuance: its share count grew 32.4% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 4% of its family
  • gross profit against assetstop 6% of its family
  • the share count against the year beforebottom 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.2/10

How strong is its position in its industry?

bottom 32% of 14 in its family; net margin -105.6%.

weight 33% of this tense · 32nd percentile among 14 sector filers · read for its customers

From the record

Marti Technologies, Inc.'s standing among 14 graded names in its industry family: revenue of $39 million in fiscal 2025 ranks in the bottom 11% by size; a net margin of -105.6% ranks in the bottom 11%; revenue growth of 16.2% a year over the last 3 filed years ranks in the top 25% (its annual reports).

What it rests on

  • revenue against the family$39.2Mbottom 11% of its family
  • net margin-105.6%bottom 11% of its family
  • three-year revenue growth16.2%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
4.0/10

What are the people in charge doing?

SI estimate 4.0/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 8 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 8 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 8 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Marti Technologies, Inc.'s leadership is put at 4.0 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 8 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

6.7/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.9/10

How much room does it have to grow?

bottom 39% of 14 in its family for room to expand.

weight 22% of this tense · 39th percentile among 14 sector filers · read for itself

From the record

Marti Technologies, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $8 million against debt of $86 million leaves -261.7% of its assets as net cash, bottom 4% of its family; cash from operations less capital spending is -38.9% of revenue (bottom 11%); a gross margin of 61.1% (top 28%); research spending of 7.7% of revenue (top 30%) (its annual report).

What it rests on

  • cash less debt against assets-261.7%bottom 4% of its family
  • cash from operations less capital spending against revenue-38.9%bottom 11% of its family
  • gross margin61.1%top 28% of its family
  • research spending against revenue7.7%top 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.4/10

What could actually drive growth from here?

top 46% of 13 in its family for growth drivers.

weight 33% of this tense · 54th percentile among 13 sector filers · read for its customers

From the record

Marti Technologies, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 16.2% a year over the last three filed years against 23.3% over all 5, slowing (bottom 19% of its family); the newest year grew 110.4% (top 4%); research spending grew 17% a year (top 50%); capital spending grew -13.7% a year (top 50%) (its annual reports). Marti Technologies, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-7.0 points a yearbottom 19% of its family
  • the newest year's revenue growth110.4%top 4% of its family
  • three-year growth of research spending17.0%top 50% of its family
  • three-year growth of capital spending-13.7%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
9.1/10

Did its newest year beat what its own record pointed to?

top 9% of 13 in its family for expectations against reality.

weight 45% of this tense · 91st percentile among 13 sector filers · read for its shareholders

From the record

Marti Technologies, Inc.'s newest year against its own record: revenue of $39 million in fiscal 2025 came in 143.3% above the $16 million its prior three years' pace pointed to (top 4% of its family); net income of $41 million against a prior three-year average of $41 million (top 19%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 4%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace143.3%top 4% of its family
  • net income against the prior three years' average-2%top 19% of its family
  • net margin against its prior averageup more than 100 pointstop 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton MRT · research, not advice