Marti Technologies, Inc.
Marti Technologies, Inc. (MRT) Financial Performance & Income Statement Overview
Review Marti Technologies, Inc. (MRT) income statement, balance sheet, and cash flow reports with annual and quarterly breakdowns.
Marti Technologies, Inc. (MRT) Income Statement & Financial Overview
Access detailed annual and quarterly income data for Marti Technologies, Inc. MRT financial performance.
| Metric | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|
| Revenue | $5.13M | $5.13M | $4.20M | $4.20M |
| Cost of Revenue | $5.83M | $5.83M | $4.94M | $4.94M |
| Gross Profit | -$705612.00 | -$705612.00 | -$738888.00 | -$738888.00 |
| Gross Profit Ratio | -$0.14 | -$0.14 | -$0.18 | -$0.18 |
| R&D Expenses | $675841.00 | $675841.00 | $305659.00 | $305659.00 |
| SG&A Expenses | $21.54M | $21.54M | $7.76M | $7.76M |
| Operating Expenses | $22.84M | $22.84M | $8.37M | $8.37M |
| Total Costs & Expenses | $28.67M | $28.67M | $13.31M | $13.31M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 |
| Depreciation & Amortization | $2.17M | $2.17M | $2.18M | $2.18M |
| EBITDA | -$21.38M | -$21.38M | -$6.93M | -$6.93M |
| EBITDA Ratio | -$4.17 | -$4.17 | -$1.65 | -$1.65 |
| Operating Income | -$23.55M | -$23.55M | -$9.11M | -$9.11M |
| Operating Income Ratio | -$4.59 | -$4.59 | -$2.17 | -$2.17 |
| Other Income/Expenses (Net) | -$2.46M | -$2.46M | -$1.83M | -$1.83M |
| Income Before Tax | -$26.006M | -$26.006M | -$10.93M | -$10.93M |
| Income Before Tax Ratio | -$5.07 | -$5.07 | -$2.60 | -$2.60 |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $0.00 |
| Net Income | -$26.006M | -$26.006M | -$10.93M | -$10.93M |
| Net Income Ratio | -$5.07 | -$5.07 | -$2.60 | -$2.60 |
| EPS | -$0.45 | -$0.45 | -$0.19 | -$0.19 |
| Diluted EPS | -$0.45 | -$0.45 | -$0.19 | -$0.19 |
| Weighted Avg Shares Outstanding | $58.39M | $58.39M | $57.82M | $57.82M |
| Weighted Avg Shares Outstanding (Diluted) | $58.39M | $58.39M | $57.82M | $57.82M |
Over the last four quarters, Marti Technologies, Inc.'s revenue moved from $4.20M in Q1 2024 to $5.13M in Q4 2024. Operating income in Q4 2024 was -$23.55M, with a strong operating margin of -459%. Despite fluctuations in R&D and SG&A expenses, EBITDA for Marti Technologies, Inc. remained robust at -$21.38M, reflecting operational efficiency. Net income rose to -$26.006M, with an EPS of -$0.45. Disciplined expense management helped sustain profitability, highlighting solid overall financial performance.
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