Marti Technologies (MRT) Operating Expenses (2021 - 2026)
Marti Technologies' (MRT) quarterly Operating Expenses came in at -$19.1 million in Q1 2026, down 38.53% year-on-year from -$31.0 million in Q1 2025, and up 71.85% quarter-over-quarter from -$67.8 million in Q4 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.
- On a quarterly basis, Operating Expenses fell 38.53% year-over-year to -$19.1 million in Q1 2026; TTM through Mar 2026 was -$127.5 million, a 27.15% increase from a year earlier, with the FY2025 full-year figure at $67.8 million, up 579.13% from the prior year.
- Operating Expenses grew to -$19.1 million in Q1 2026 per MRT's latest filing, from -$67.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $1.0 million in Q3 2022 and bottomed at -$84.0 million in Q4 2024.
- The 5-year median for Operating Expenses is -$21.3 million (2023), against an average of -$25.5 million.
- Across the five-year window, Operating Expenses soared 4160.23% in 2022 and slumped 4772.2% in 2023, its largest moves.
- Year by year, Operating Expenses stood at -$39.9 million in 2022, then fell by 27.0% to -$50.6 million in 2023, then sank 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.
- Per Business Quant, the three latest MRT Operating Expenses figures stand at -$19.1 million (Q1 2026), -$67.8 million (Q4 2025), and -$26.9 million (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -269.42 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 1.16 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 11.28 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 6.22 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 2.66 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 4.23 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 1.25 Bn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 1.04 Bn |
| 10 | Marti Technologies | 173.81 Mn | -4.59 Bn | 11.10 Mn | -19.08 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -19.08 Mn |
| Dec 31, 2025 | -67.77 Mn |
| Jun 30, 2025 | -26.87 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 | 158,596.00 |
| Jun 30, 2021 | 11,851.00 |