Marti Technologies, Inc. announced its full year 2024 financial and operational results on April 29, 2025. The company reported revenue of $18.7 million, surpassing its guidance of $16.6 million.
Adjusted EBITDA for the year came in at negative $19.3 million, outperforming its guidance of negative $22.5 million. The net loss for the year was $73.9 million. Operational highlights included a 44.6% increase in total rides to 31.71 million and a 17.5% increase in unique riders to 2.13 million.
The ride-hailing service saw significant growth, with unique riders surging 233.5% to 1.66 million and registered drivers increasing 145.9% to 262 thousand as of December 31, 2024. Marti reaffirmed its 2025 guidance of $34.0 million revenue and $3.0 million adjusted EBITDA, along with June 30, 2025, targets of 2.15 million unique ride-hailing riders and 310 thousand registered drivers.
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