Marti Technologies (MRT) Cost of Revenue (2021 - 2026)

Marti Technologies' (MRT) quarterly Cost of Revenue came in at $4.3 million in Q1 2026, up 13.75% year-on-year from $3.8 million in Q1 2025, and down 71.63% quarter-over-quarter from $15.3 million in Q4 2025.

Marti Technologies (MRT) Cost of Revenue (2021 - 2026) Analysis & Trends

Marti Technologies' Cost of Revenue history runs 6 years deep, the most recent figure standing at $4.3 million for Q1 2026.

  • On a quarterly basis, Cost of Revenue rose 13.75% year-over-year to $4.3 million in Q1 2026; TTM through Mar 2026 was $30.8 million, a 48.16% decrease from a year earlier, with the FY2025 full-year figure at $15.3 million, down 29.21% from the prior year.
  • Cost of Revenue retreated to $4.3 million in Q1 2026 per MRT's latest filing, from $15.3 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $27.1 million in Q4 2022 and bottomed at $3.8 million in Q1 2025.
  • The 5-year median for Cost of Revenue is $13.0 million (2023), against an average of $13.9 million.
  • Across the five-year window, Cost of Revenue soared 59.78% in 2022 and retreated 29.22% in 2025, its largest moves.
  • Year by year, Cost of Revenue stood at $27.1 million in 2022, then decreased by 11.1% to $24.1 million in 2023, then slipped by 10.53% to $21.5 million in 2024, then retreated by 29.22% to $15.3 million in 2025, then plunged by 71.63% to $4.3 million in 2026.
  • Per Business Quant, the three latest MRT Cost of Revenue figures stand at $4.3 million (Q1 2026), $15.3 million (Q4 2025), and $7.4 million (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Sap Se 199.59 Bn 179.36 Bn 8.16 Bn 3.02 Bn
2 Full Truck Alliance 193.24 Bn 190.53 Bn - -
3 Shopify 164.78 Bn 159.04 Bn 1.55 Bn 1.62 Bn
4 Salesforce 150.52 Bn 138.68 Bn 8.56 Bn 2.57 Bn
5 Uber Technologies 139.79 Bn 138.58 Bn 5.95 Bn 7.26 Bn
6 ServiceNow 109.10 Bn 104.44 Bn 2.82 Bn 1.17 Bn
7 Automatic Data Processing 102.68 Bn 99.45 Bn 2.87 Bn 3.07 Bn
8 Adobe 95.80 Bn 90.17 Bn 5.90 Bn 715.00 Mn
9 Snowflake 93.75 Bn 90.79 Bn 926.45 Mn 464.50 Mn
10 Marti Technologies 161.04 Mn -4.60 Bn 11.10 Mn 4.33 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 4.33 Mn
Mar 31, 2026 4.33 Mn
Dec 31, 2025 15.25 Mn
Dec 31, 2025 15.25 Mn
Jun 30, 2025 7.37 Mn
Jun 30, 2025 7.37 Mn
Mar 31, 2025 3.80 Mn
Mar 31, 2025 3.80 Mn
Dec 31, 2024 21.55 Mn
Dec 31, 2024 21.55 Mn
Jun 30, 2024 9.89 Mn
Jun 30, 2024 9.89 Mn
Dec 31, 2023 24.09 Mn
Dec 31, 2023 24.09 Mn
Oct 13, 2023 13.02 Mn
Oct 13, 2023 13.02 Mn
Jun 30, 2023 13.02 Mn
Jun 30, 2023 13.02 Mn
Dec 31, 2022 27.09 Mn
Dec 31, 2022 27.09 Mn