Marti: A Potential Early-Stage Opportunity Has Emerged

Marti Technologies, Inc. (MRT) offers hyper-growth exposure to Turkey's e-hailing and mobility market, combining ride-hailing, delivery, and self-use fleet services. MRT's 2025 revenue grew 110.3% year-over-year, with adjusted EBITDA margin improving from -104% to -31%, signaling early operating leverage and monetization progress. Management guides for 2026 revenue of $70 million and positive adjusted EBITDA, supported by rapid ride growth and SG&A stabilization.