Core Viewpoint - Marti Technologies, Inc. expects to exceed its 2025 guidance and has set strong guidance for 2026, anticipating $70 million in revenue and positive adjusted EBITDA, representing over 2x year-over-year revenue growth [1][4]. Financial Outlook - For 2026, Marti projects revenue of $70 million, an increase of $36 million from the 2025 guidance of $34 million [4]. - The company anticipates achieving positive adjusted EBITDA of $1 million in 2026, a turnaround from the projected $(17) million in 2025, reflecting an improvement of $18 million [4]. Growth Drivers - Key factors driving the anticipated revenue growth and positive adjusted EBITDA include: 1. Increased ride-hailing trip volumes leading to operating leverage 2. Improved unit economics in monetized markets 3. Scaling of delivery services [2][9] - The company is focused on expanding its ride-hailing services across Türkiye, targeting an under-developed transportation and last-mile market [3]. Company Overview - Founded in 2018, Marti is Türkiye's leading mobility app, offering a range of transportation services including ride-hailing, delivery services, and a fleet of rental e-mopeds, e-bikes, and e-scooters [10].

Financial Performance - Marti is on track to almost double revenue to $34 million for FY 2025[15] - Marti projects a $23 million improvement in Adjusted EBITDA for 2025[79] compared to an Adjusted EBITDA loss of $(193) million in 2024[76] - In 1H 2025, Marti's revenue increased by 704% to $14326 million[69] from $8409 million in 1H 2024[69] - Marti's Adjusted EBITDA improved by 474% to $(5955) million in 1H 2025[69] from $(11328) million in 1H 2024[69] - Gross profit margin improved to 49% in 1H 2025[55] from (18)% in 1H 2024[97] due to increased focus on ride-hailing[55] Operational Highlights - Marti is the 1 urban mobility app in Türkiye with 64 million all-time unique riders[17] - Marti has 228 million unique ride-hailing riders[17] and 327K registered ride-hailing drivers as of June 30, 2025[17] - Total rides increased by 409% to 1923 million in 1H 2025[69] from 1365 million in 1H 2024[69] - Unique ride-hailing riders increased by 1072% to 2280 million in 1H 2025[69] from 1101 million in 1H 2024[69] - Registered ride-hailing drivers increased by 919% to 327K in 1H 2025[69] from 171K in 1H 2024[69]