Marti Technologies Reports Record Q3 Revenue and First-Ever Operating Income
Marti reported Q3 2026 revenue of $24.7 million and operating income of $2.7 million, versus an $8.8 million operating loss a year earlier. Gross profit rose 176.0% year over year to $20.2 million, gross margin reached 81.5%, and adjusted EBITDA was $5.6 million. The company reaffirmed FY2026 guidance.
Marti Technologies, Inc. announced record financial results for the third quarter ended September 30, 2026, highlighted by a record revenue of $24.7 million and the company's first-ever positive operating income of $2.7 million, compared to an operating loss of $8.8 million in the same period last year. Gross profit increased 176.0% year-over-year to $20.2 million, with gross margin expanding to 81.5%. The company also reported an adjusted EBITDA of $5.6 million and reaffirmed its fiscal year 2026 guidance.
Additionally, Marti expanded its ride-hailing service footprint to 40 cities in October 2026, covering approximately 90% of Türkiye's GDP. The company also provided an update on its share repurchase program, noting that $3.5 million remains available for repurchases as of September 30, 2026.