Earnings call transcript: Marti Technologies posts revenue beat in H1 2026

Marti Technologies reported a significant 141% rise in second-quarter revenue to nearly $20 million, surpassing Wall Street's expectations. Despite a narrower-than-expected loss per share, the company's adjusted EBITDA turned positive for the first time, boosting its stock by 4% in premarket trading. The inflection point in the company's business was marked by a tripling of revenue, a tripling of gross profit, and a 32% rise in cost of revenues.

The marketplace also expanded, with a 73% increase in trips and a 76% rise in unique platform consumers. Despite facing a 150% greater negative EPS than expected, the stock gained 4% as investors focused on the revenue growth and positive adjusted EBITDA. Marti's full-year 2026 revenue guidance was raised to $85 million, reflecting faster-than-expected trip growth, and adjusted EBITDA guidance was lifted to positive $7 million.

Analysts remain bullish on Marti's growth trajectory, with price targets ranging from $2.40 to $6.00. The company plans to continue investing in rider and driver acquisition, city launches, and share buybacks while working towards expanding autonomous vehicle technology in Turkey.