Marti Technologies (MRT) Operating Expenses (2021 - 2026)

Marti Technologies (MRT) recorded quarterly Operating Expenses of -$19.1 million in Q1 2026, up 71.85% quarter-over-quarter from -$67.8 million in Q4 2025, and down 38.53% on a YoY basis from -$31.0 million in Q1 2025.

Marti Technologies (MRT) Operating Expenses (2021 - 2026) Analysis & Trends

Marti Technologies' Operating Expenses history runs 6 years deep, the most recent figure standing at -$19.1 million for Q1 2026.

  • In Q1 2026, Operating Expenses fell 38.53% year-over-year to -$19.1 million; the TTM figure through Mar 2026 stood at -$127.5 million (up 27.15% YoY), while the FY2025 annual figure was $15.6 million, up 56.78% from the prior year.
  • Operating Expenses was -$19.1 million for Q1 2026 at Marti Technologies, up from -$67.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $1.0 million in Q3 2022 to a low of -$84.0 million in Q4 2024.
  • Historically, Operating Expenses has averaged -$25.5 million across 5 years, with a median of -$21.3 million in 2023.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 167621.4% in 2022, then sank 4772.16% in 2023.
  • A 5-year view of Operating Expenses shows it stood at -$39.9 million in 2022, then fell by 27.0% to -$50.6 million in 2023, then tumbled by 65.84% to -$84.0 million in 2024, then climbed by 19.29% to -$67.8 million in 2025, then jumped by 71.85% to -$19.1 million in 2026.
  • The last three Operating Expenses figures came in at -$19.1 million (Q1 2026), -$67.8 million (Q4 2025), and -$26.9 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn - -269.42 Mn
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 11.28 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 1.16 Bn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 6.22 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 1.04 Bn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 2.33 Bn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 4.23 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 3.67 Bn
10 Marti Technologies 208.29 Mn -4.56 Bn 11.10 Mn -19.08 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -19.08 Mn
Dec 31, 2025 -67.77 Mn
Jun 30, 2025 -26.86 Mn
Mar 31, 2025 -13.77 Mn
Dec 31, 2024 -83.97 Mn
Jun 30, 2024 -26.63 Mn
Dec 31, 2023 -50.63 Mn
Oct 13, 2023 -7.17 Mn
Jun 30, 2023 -23.59 Mn
Mar 31, 2023 357,226.00
Dec 31, 2022 -39.87 Mn
Sep 30, 2022 1.03 Mn
Jun 30, 2022 504,880.00
Mar 31, 2022 838,607.00
Dec 31, 2021 -26.05 Mn
Sep 30, 2021 146,245.00
Jun 30, 2021 12,351.00
Mar 31, 2021 500.00