Company research
Marti Technologies, Inc.
CIK 1852767Updated Sep 24, 2026
SecurityMRT · NYSE_AMERICAN · equity
Name history
Galata Acquisition Corp. · through Jul 7, 2023
MRT price & chart
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 29,802,461Source | 20,378,649Source | 40,211,169Source | 149,068,001Source |
| Property, Plant and Equipment, NetUSD | 2,653,810Source | 5,493,171Source | 13,525,999Source | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 351,212Source | 589,588Source | 183,887Source | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 7,805,859Source | 5,148,857Source | 19,424,059Source | 251,865Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 503,820Source | 203,522Source | 188,358Source | — |
| Inventory, NetUSD | 1,990,925Source | 2,030,244Source | 2,612,011Source | — |
| Assets, CurrentUSD | 13,940,021Source | 11,418,020Source | 25,695,714Source | 323,356Source |
| Operating Lease, Right-of-Use AssetUSD | 907,418Source | 837,348Source | 800,093Source | — |
| Other Assets, NoncurrentUSD | 11,950,000Source | 2,040,522Source | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 96,890,345Source | 81,819,560Source | 72,908,827Source | 8,184,895Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 8,604Source | 6,327Source | 5,703Source | — |
| Retained Earnings (Accumulated Deficit)USD | -180,933,216Source | -139,487,178Source | -65,606,196Source | -4,986,898Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -7,557,999Source | -7,557,999Source | -7,557,999Source | — |
| Stockholders' Equity Attributable to ParentUSD | -67,087,884Source | -61,440,911Source | -32,697,658Source | -4,986,539Source |
| Liabilities and EquityUSD | 29,802,461Source | 20,378,649Source | 40,211,169Source | 149,068,001Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 14,389,255Source | 11,322,448Source | 17,502,216Source | 3,153,645Source |
| Operating Lease, Liability, CurrentUSD | 620,095Source | 484,043Source | 412,564Source | — |
| Accounts Payable, CurrentUSD | 4,076,540Source | 1,650,906Source | 2,796,376Source | — |
| Operating Lease, Liability, NoncurrentUSD | 135,715Source | 87,713Source | 277,956Source | — |
| Other Liabilities, NoncurrentUSD | 249,215Source | 290,124Source | 325,864Source | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 543,580Source | 753,701Source | — | 3,153,645Source |
| Deferred Revenue, CurrentUSD | — | — | 1,550,208Source | — |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | 65,250,697Source | — |
| Long-term Debt, Current MaturitiesUSD | 3,694,936Source | 4,555,895Source | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 82,116,160Source | 70,119,275Source | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -837,116Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 3,587,348Source | 8,691,138Source | 10,044,644Source | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 11,280,399Source | 35,660,544Source | 1,991,884Source | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 300,298Source | 15,164Source | -186,796Source | — |
| Increase (Decrease) in InventoriesUSD | -21,075Source | -265,103Source | -657,574Source | — |
| Increase (Decrease) in Accounts PayableUSD | 2,425,634Source | -1,145,470Source | -777,408Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -14,781,252Source | -25,077,064Source | -14,865,777Source | -359,061Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -541,731Source | -1,039,278Source | -4,819,888Source | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | 485,329Source | — | — | — |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 367,632Source | — | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 17,979,985Source | 11,841,140Source | 28,612,154Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 2,657,002Source | -14,275,202Source | 8,926,489Source | -359,061Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 7,805,859Source | 5,148,857Source | 19,424,059Source | 251,865Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 7,020,300Source | 5,284,030Source | 447,730Source | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 2,657,002Source | — | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 11,280,399Source | 35,660,544Source | — | — |
| Amortization of Intangible AssetsUSD | 294,778Source | 298,501Source | 98,200Source | — |
| DepreciationUSD | 3,292,570Source | 8,392,637Source | 9,946,444Source | — |
| Derivative, Gain (Loss) on Derivative, NetUSD | 1,381,157Source | — | — | — |
| Financing Interest ExpenseUSD | 15,643,045Source | 9,976,717Source | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 720,095Source | 396,626Source | 2,726,407Source | — |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 1,381,157Source | — | — | — |
| Gain (Loss) on Disposition of AssetsUSD | -32,120Source | — | -566,676Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 32,120Source | 0Source | 547,665Source | — |
| General and Administrative ExpenseUSD | 28,051,013Source | 49,248,578Source | 15,130,045Source | 2,951,973Source |
| Inventory Write-downUSD | 18,244Source | 316,664Source | 62,805Source | — |
| Investment Income, InterestUSD | 1,350,670Source | 1,408,491Source | 3,561,427Source | 2,114,858Source |
| Net Income (Loss) Attributable to ParentUSD | -41,446,038Source | -73,880,982Source | -33,814,719Source | -837,116Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -41,446,038Source | -73,880,982Source | -33,814,719Source | — |
| Nonoperating Income (Expense)USD | — | — | — | 2,114,858Source |
| Operating ExpensesUSD | 59,265,672Source | 82,107,976Source | — | — |
| Operating Lease, ExpenseUSD | 1,472,374Source | 1,434,503Source | 2,210,841Source | — |
| Other Operating Income (Expense), NetUSD | 9,399,169Source | 3,055,655Source | — | — |
| Payments for Repurchase of WarrantsUSD | — | 89,970Source | 1,315,222Source | — |
| Proceeds from Stock Options ExercisedUSD | 167,930Source | — | — | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 33,582Source | 417,845Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 39,241,487Source | 18,659,655Source | 20,029,552Source | — |
| Cost of RevenueUSD | 43,074,903Source | 19,783,925Source | — | — |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | -28,532,113Source | -65,309,937Source | -30,603,427Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -41,446,038Source | -73,880,982Source | -33,814,719Source | — |
| Net Income (Loss) Attributable to ParentUSD | -41,446,038Source | -73,880,982Source | -33,814,719Source | -837,116Source |
| Earnings Per Share, BasicUSD per share | -0.53Source | -1.25Source | -0.67Source | — |
| Earnings Per Share, DilutedUSD per share | -0.53Source | -1.25Source | -0.67Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 78,047,498Source | 58,966,238Source | 50,578,134Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 78,047,498Source | 58,966,238Source | 50,578,134Source | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 294,778Source | 298,501Source | 98,200Source | — |
| Costs and ExpensesUSD | 67,773,600Source | 83,969,592Source | 50,632,979Source | 2,951,973Source |
| Financing Interest ExpenseUSD | 15,643,045Source | 9,976,717Source | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 720,095Source | 396,626Source | 2,726,407Source | — |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 1,381,157Source | — | — | — |
| General and Administrative ExpenseUSD | 28,051,013Source | 49,248,578Source | 15,130,045Source | 2,951,973Source |
| Income (Loss) Attributable to Parent, before TaxUSD | -41,446,038Source | -73,880,982Source | -33,814,719Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -1,102,541Source | -1,239,213Source | -3,348,514Source | — |
| Interest Income (Expense), NetUSD | -8,608,879Source | — | -5,910,128Source | — |
| Interest Income, OperatingUSD | — | — | 831,177Source | — |
| Investment Income, InterestUSD | 1,350,670Source | 1,408,491Source | 3,561,427Source | 2,114,858Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -41,446,038Source | -73,880,982Source | -33,814,719Source | — |
| Nonoperating Income (Expense)USD | — | — | — | 2,114,858Source |
| Operating ExpensesUSD | 59,265,672Source | 82,107,976Source | — | — |
| Operating Lease, ExpenseUSD | 1,472,374Source | 1,434,503Source | 2,210,841Source | — |
| Other ExpensesUSD | 9,399,169Source | 3,055,655Source | 2,773,643Source | — |
| Other IncomeUSD | 891,241Source | 1,194,039Source | 657,926Source | — |
| Other Operating IncomeUSD | 891,241Source | 1,194,039Source | — | — |
| Other Operating Income (Expense), NetUSD | 9,399,169Source | 3,055,655Source | — | — |
| Research and Development ExpenseUSD | 3,007,443Source | 1,963,025Source | 1,954,842Source | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 33,582Source | 417,845Source | — | — |
| Selling and Marketing ExpenseUSD | 12,953,898Source | 9,347,807Source | 7,347,777Source | — |