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. In the quarter to June 2026, EPS fell 400.0%, free cash flow grew 152.2% and total debt rose 42.4%, each against the same quarter a year earlier.
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MARTI TECH INC (MRT) Piotroski F-score
MARTI TECH INC's Piotroski F-score for fiscal 2025 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, up from 3 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 4 | 1.00 |
| FY2024 | 3 | 1.00 |
| FY2023 | 2 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (165.19%) | (243.87%) | Fail | 0 |
| Positive operating cash flow | (14.78m) | (25.08m) | Fail | 0 |
| Rising return on assets | (165.19%) | (243.87%) | Pass | 1 |
| Cash flow above net income | 26.66m | 48.80m | Pass | 1 |
| Falling long-term leverage | 3.27 | 2.31 | Fail | 0 |
| Rising current ratio | 0.97 | 1.01 | Fail | 0 |
| No new shares issued | 78,047,000 | 58,966,000 | Fail | 0 |
| Rising gross margin | 61.13% | (15.48%) | Pass | 1 |
| Rising asset turnover | 1.56 | 0.62 | Pass | 1 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| EGAN eGain Corporation compare | 7 |
| TRAK ReposiTrak Inc. compare | 7 |
| TONX TON Strategy Company compare | 5 |
| LAIX LAIX Inc. Sponsored ADR compare | 5 |
| TIOG Tingo Group, Inc. compare | 5 |
| DUOT Duos Technologies Group, Inc. compare | 5 |
| HUCK Huckleberry.ai, Inc. compare | 5 |
| MRT MARTI TECH INC | 4 |
| DMRC Digimarc Corporation compare | 3 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover