Saturday 17 October 2026 Export HEPS’s income statement to Excel — free account

D-MARKET Electronic Services & Trading Unsponsored ADR

D-MARKET Electronic Services & Trading Unsponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $2.2 billion, up 23.6% from fiscal 2024. In the quarter to June 2026, revenue grew 16.2%, EPS fell 83.3%, free cash flow fell 62.0% and total debt fell 39.8%, each against the same quarter a year earlier. Revenue growth for three consecutive years.

2.71 0.02 −0.73%

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Market cap: $975.2M
P/E: 0.0×
Fwd P/E: −9.5×
Dividend yield: —
F-score: 4/9
Altman Z: 1.92
Beneish M: −4.60
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '17	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	—	—	—	3	8	3	4
P/E ratio Full definition →	—	0.00	0.00	0.00	168.00	0.00	0.00
P/S ratio Full definition →	—	0.00	0.67	0.24	0.35	0.57	0.43
Altman Z-Score Full definition →	—	—	0.78	(0.11)	1.55	1.98	1.92
Altman Z″-Score (non-manufacturers) Full definition →	—	(5.86)	(0.02)	(3.78)	(1.92)	(2.42)	(2.59)
P/FCF ratio Full definition →	—	0.00	0.00	0.00	3.25	8.81	4.09
Beneish M-Score Full definition →	—	—	(2.89)	(3.32)	(2.83)	(3.44)	(4.60)
P/Operating CF Full definition →	—	41.76	113.30	3.26	3.62	13.72	7.84
P/B ratio Full definition →	—	0.00	1.88	1.85	3.82	9.82	18.07
Price to Tangible BV Full definition →	—	0.00	2.03	3.16	8.70	124.30	0.00
EV/Sales Full definition →	—	0.00	0.04	(0.09)	0.16	0.45	0.29
EV/EBITDA Full definition →	—	0.00	0.00	0.57	12.29	12.40	21.20
EV/Operating CF Full definition →	—	0.00	3.47	(3.45)	1.10	4.50	2.14
EV/FCF Full definition →	—	0.00	(2.50)	3.56	1.43	6.92	2.73
Quick Ratio Full definition →	—	0.28	1.05	0.78	0.72	0.66	0.59
Current Ratio Full definition →	—	0.64	1.42	1.08	1.07	0.97	0.89
Net Debt/EBITDA Full definition →	—	1.73	2.77	2.03	(15.77)	(3.39)	(10.65)
Debt/Assets Full definition →	0.00%	22.41%	3.74%	1.28%	1.75%	8.67%	3.72%
Debt/Equity Full definition →	—	(0.56)	0.11	0.06	0.09	0.68	0.68
Asset Turnover Full definition →	—	6.49	1.47	1.29	2.24	2.23	2.48
Operating CF/Net income Full definition →	—	(0.93)	(0.13)	(0.15)	66.45	(3.55)	(1.98)
Capex/Depreciation Full definition →	—	(1.07)	(1.52)	(1.65)	(0.98)	(0.97)	(0.76)
Interest Coverage Full definition →	—	(0.46)	(1.81)	(1.81)	(0.18)	0.00	(0.17)
ROE Full definition →	—	(64.40%)	(82.37%)	(81.83%)	2.44%	(40.07%)	(189.97%)
ROA Full definition →	—	(48.30%)	(13.57%)	(23.28%)	0.47%	(6.28%)	(16.68%)
ROIC Full definition →	—	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Tangible Assets Full definition →	—	52.18%	(32.19%)	(299.62%)	5.10%	(1,603.65%)	216.24%
Average Days of Receivables Full definition →	—	9.19	10.96	15.13	24.46	32.38	26.90
Research and Development Expense of Revenue Full definition →	—	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	—	15.24%	30.49%	22.13%	16.68%	19.01%	19.42%
Intangible Assets out of Total Assets Full definition →	0.00	0.05	0.03	0.08	0.11	0.12	0.10
Share Based Compensation of Revenue Full definition →	—	0.00%	1.13%	0.95%	0.30%	0.32%	0.26%
Graham Net Nets Full definition →	—	(0.05)	0.37	0.09	0.03	(0.06)	(0.14)
Graham Number Full definition →	—	0.00	0.00	0.00	0.31	0.00	0.00
Earnings Yield Full definition →	—	(19.34%)	(19.34%)	(76.62%)	0.60%	(4.62%)	(17.34%)
Free Cash Flow Yield Full definition →	—	0.00%	(2.47%)	(11.00%)	30.73%	11.35%	24.42%
Revenue per Share Full definition →	—	16.10	2.87	3.02	4.74	5.30	5.78
Operating CF per Share Full definition →	—	1.11	0.03	0.08	0.67	0.53	0.77
Capex per Share Full definition →	—	(0.25)	(0.08)	(0.16)	(0.15)	(0.19)	(0.16)
Free Cash Flow per Share Full definition →	—	0.86	(0.05)	(0.08)	0.52	0.34	0.61
Cash per Share Full definition →	—	1.50	1.90	1.01	0.99	0.86	0.92
Shareholders Equity per Share Full definition →	—	(1.99)	1.02	0.38	0.44	0.31	0.14
Interest Debt per Share Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	—	(1.99)	1.02	0.38	0.44	0.31	0.14
Free Cash Flow Full definition →	—	49.03	(14.37)	(25.46)	167.70	112.91	225.47
Working Capital Full definition →	—	(138.76)	241.38	38.70	42.35	(22.31)	(94.57)
Capital Expenditures Full definition →	—	(14.35)	(24.73)	(51.71)	(49.63)	(60.87)	(61.15)
Net Current Asset Value Full definition →	—	(152.57)	217.68	21.63	15.00	(60.05)	(133.80)
EV/EBIT Full definition →	—	0.00	0.00	0.48	0.00	1,510.69	0.00
Capex to Sales Full definition →	—	0.02	0.03	0.05	0.03	0.04	0.03
Price to Operating Income Full definition →	—	0.00	0.00	0.00	0.00	1,923.71	0.00
Other line items
Depreciation/Fixed assets Full definition →	—	1.64	1.56	1.52	2.34	2.46	2.92
Cash ROIC Full definition →	—	139.02%	(1.55%)	(5.50%)	35.21%	24.92%	52.48%
Accounts Receivable Turnover Full definition →	—	37.13	35.49	29.34	21.40	13.51	13.75
Accounts Payable Turnover Full definition →	—	1.83	1.74	1.85	2.63	2.38	2.46
Inventory Turnover Full definition →	—	4.64	4.40	5.14	7.64	6.13	6.77
Average Days of Payables Full definition →	—	152.39	259.69	170.83	155.53	153.28	174.99
Days of Inventory on Hand Full definition →	—	57.97	104.81	51.90	58.38	61.43	59.02
Average Receivables Full definition →	—	24.66	24.66	33.51	71.96	128.75	156.41
Average Payables Full definition →	—	380.56	380.56	415.33	408.82	457.04	557.02
Average Inventory Full definition →	—	150.22	150.22	149.65	140.56	177.36	202.38
Average Assets Full definition →	—	141.08	597.41	764.39	688.68	779.33	867.93
Average Common Equity Full definition →	—	105.80	98.42	217.46	134.01	122.16	76.20

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