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Saturday 7 November 2026
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MARTI TECH INC
MRT Technology Software Application
MARTI TECH INC’s revenue for fiscal 2025 (year ended December 2025) was $39.2 million, up 110.3% from fiscal 2024.
- EPS
- −400.0%
- Free cash flow
- +152.2%
- Total debt
- +42.4%
Quarter to June 2026, against a year earlier
2.07
0.12
+6.15%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | 17 | 25 | 20 | 19 | 39 | — | +23.3% | 85 | 136 | — | +86.0% | |
| Gross margin, % | — | — | — | — | — | 0.26 | (8.42) | (20.25) | (15.48) | 61.13 | — | +60.9 pt | ||||||
| EBT | — | — | — | — | — | (14) | (14) | (34) | (74) | (41) | (29) | +32.2% | ||||||
| EBT margin, % | — | — | — | — | — | (79.91) | (57.01) | (168.82) | (395.94) | (105.62) | 0.00 | (25.7) pt | ||||||
| Net income | — | — | — | — | — | (14) | (14) | (34) | (74) | (41) | (71) | +30.1% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | 0.63 | 0.57 | 0.40 | 0.32 | 0.50 | 0.00 | (5.7%) | |||||
| Earnings | — | — | — | — | — | (0.54) | (0.32) | (0.67) | (1.25) | (0.53) | (0.31) | (0.5%) | ||||||
| Cash flow | — | — | — | — | — | (0.15) | (0.12) | (0.29) | (0.43) | (0.19) | (0.19) | +5.9% | ||||||
| Capex | — | — | — | — | — | (0.85) | (0.18) | (0.10) | (0.02) | (0.01) | (0.01) | (70.0%) | ||||||
| Free cash flow | — | — | — | — | — | (1.01) | (0.31) | (0.39) | (0.44) | (0.20) | (0.20) | (33.5%) | ||||||
| Book value | — | — | — | — | — | 0.77 | 0.17 | (0.65) | (1.04) | (0.86) | (0.97) | n/m | ||||||
| Shares, m | — | — | — | — | — | 27 | 44 | 51 | 59 | 78 | 65 | +30.6% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | 0.00 | 0.00 | 11.00 | 56.50 | 0.00 | 0.00 | 13.5 | |||||
| P/S | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| P/B | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| EV/Sales | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| EV/FCF | — | — | — | — | — | 0.00 | (34.20) | (1.73) | (2.10) | (5.31) | (15.50) | (8.7) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | (4) | (5) | (15) | (25) | (15) | (17) | +38.3% | |||||
| Capex | — | — | — | — | — | (23) | (8) | (5) | (1) | (1) | (1) | (60.8%) | ||||||
| Free cash flow | — | — | — | — | — | (27) | (14) | (20) | (26) | (15) | (18) | (13.1%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | 8 | 5 | 8 | 0 | 0 | 5 | n/m | |||||
| Net debt | — | — | — | — | — | 0 | 13 | 46 | 70 | 78 | 94 | n/m | ||||||
| Shareholders’ equity | — | — | — | — | — | 21 | 8 | (33) | (61) | (67) | (84) | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | 0.00 | (35.67) | (83.40) | (243.87) | (165.19) | (109.14) | (165.2) pt | |||||
| ROIC | — | — | — | — | — | (27.79) | (44.77) | (145.69) | (504.84) | (163.34) | 0.00 | (135.5) pt | ||||||
| ROE | — | — | — | — | — | 0.00 | 123.01 | 269.46 | 156.96 | 64.49 | 39.62 | +64.5 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | 332 | 553 | 442 | 473 | — | +12.5% | |||||
| Revenue/emp, $m | — | — | — | — | — | 0.00 | 0.08 | 0.04 | 0.04 | 0.08 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
MARTI TECH INC vs peers in Software Application (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| EXFY Expensify, Inc. | $203.3M | — (loss-making) | — (loss-making) | −5.83% (below 0%: shrinking) | n/m | −200.52% (below 0%: shrinking) | 45.22% | (8.10%) | Compare |
| DMRC Digimarc Corporation | $199.3M | — (loss-making) | — (loss-making) | −7.77% (below 0%: shrinking) | n/m | +80.94% (above 0%: growing) | 58.20% | (167.35%) | Compare |
| DHX DHI Group, Inc. | $186.7M | 23.2× | 21.8× | +0.36% (above 0%: growing) | n/m | +67.44% (above 0%: growing) | 79.17% | 11.98% | Compare |
| MRT MARTI TECH INC | $167.8M | — (loss-making) | — (loss-making) | — | n/m | +152.22% (above 0%: growing) | 76.55% | (0.68%) | |
| TONX TON Strategy Company | $158.1M | — (loss-making) | — (loss-making) | +1,736.06% (above 0%: growing) | n/m | −103.88% (below 0%: shrinking) | 94.90% | 3.19% | Compare |
| AEYE Audioeye, Inc. | $153.0M | — (loss-making) | — (loss-making) | +7.20% (above 0%: growing) | n/m | +138.28% (above 0%: growing) | 82.93% | 11.45% | Compare |
| EGAN eGain Corporation | $149.3M | 18.1× | — (loss-making) | −4.67% (below 0%: shrinking) | −95.58% (below 0%: shrinking) | +151.21% (above 0%: growing) | 71.61% | 4.87% | Compare |
| DUOT Duos Technologies Group, Inc. | $148.9M | 4.1× | 3.5× | +29.51% (above 0%: growing) | n/m | +354.75% (above 0%: growing) | 55.80% | 0.80% | Compare |
| BVC BitVentures Limited | $137.3M | 8.2× | 1.5× | +95.82% (above 0%: growing) | +76.47% (above 0%: growing) | — | 0.00% | 0.00% | Compare |
| Median of peers | $155.5M | 13.1× | 3.5× | +3.78% | — | +80.94% | 64.90% | 2.00% |
Pay and ownership Proxy statement filed 29 June 2023
Ownership
Directors and executive officers, together
19.90%
Galata Acquisition Sponsor, LLC
19.90%
Daniel Freifeld
19.90%
Weiss Asset Management LP
6.90%
Glazer Capital, LLC
6.50%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement