Marti Technologies delivered a major improvement in profitability during the second quarter of 2026 as rapid revenue growth, higher platform monetization, and operating leverage pushed gross margin to a record level and adjusted EBITDA into positive territory.
Second-quarter revenue increased 140.7% year-over-year to $20 million from $8.3 million, driven primarily by continued monetization of Marti’s platform through subscription packages.
Gross profit grew significantly faster than revenue, jumping 222.8% to $15.3 million from $4.7 million. Gross margin expanded to 76.6% from 57.1%, an improvement of approximately 1,950 basis points.
Marti achieved the margin expansion even as activity across its ride-hailing marketplace continued growing rapidly.
Trips increased 73.2% year over year to 18.78 million, meaning revenue grew at nearly twice the rate of trips. The divergence highlights the growing contribution from platform monetization rather than growth being driven solely by transaction volume.
Adjusted EBITDA swung to positive $2.9 million from a loss of $2.4 million a year earlier, representing a $5.3 million year-over-year improvement. Adjusted EBITDA margin reached 15%, compared with negative 28% in the prior-year quarter.
Marti’s reported bottom line still showed a wider loss. Net loss increased to $12.5 million from $9.2 million, largely because the quarter included an $8.3 million one-time non-cash loss on the extinguishment of debt related to amendments to convertible notes.
Excluding that debt-extinguishment charge, the company said its quarterly net loss would have been approximately $4.2 million.
Marketplace activity remained strong. Unique platform consumers increased 76% to 2.4 million, all-time unique ride-hailing riders rose 95%, and registered drivers increased 66%.
Marti has also expanded its ride-hailing footprint to 30 cities across Türkiye and said it is seeing increasing interaction between its mobility and delivery services.
The company raised full-year 2026 revenue guidance to $85 million, representing targeted year-over-year growth of approximately 117%, and increased adjusted EBITDA guidance to $7 million.
Meeting that adjusted EBITDA target would mark Marti’s first full year of positive adjusted EBITDA and represent an improvement of approximately $20.5 million from fiscal 2025.
Marti is also pursuing autonomous mobility. Following the quarter, it announced a partnership with Tensor to deploy autonomous vehicles through the Marti platform as the technology becomes commercially available.
KEY QUOTES:
“The second quarter represents an important milestone for Marti. We more than doubled revenue, delivered record gross profitability, and achieved positive Adjusted EBITDA for the first time while continuing to rapidly expand our marketplace.”
Oguz Alper Öktem, Founder and CEO of Marti Technologies
