Marti Technologies, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $39.2M | $18.7M | $20.0M | $25.0M | $17.0M |
| Cost of Revenue | $15.3M | $21.5M | $24.1M | $27.1M | $17.0M |
| Gross Profit | $24.0M | $-2.9M | $-4.1M | $-2.1M | $43.9K |
| Gross Margin | 61.1% | -15.5% | -20.2% | -8.4% | 0.3% |
| Operating Expenses | |||||
| Research & Development | $3.0M | $2.0M | $2.0M | $1.9M | $1.0M |
| SG&A Expense | $28.1M | $49.2M | $15.1M | $9.0M | $6.1M |
| Operating Income | $-28.5M | $-65.3M | $-30.6M | $-14.9M | $-9.1M |
| Operating Margin | -72.7% | -350.0% | -152.8% | -59.6% | -53.3% |
| Interest Expense | — | — | — | — | — |
| Pretax Income | $-41.4M | $-73.9M | $-33.8M | $-14.2M | $-13.6M |
| Income Tax Expense | — | — | — | — | $887.6K |
| Net Income | $-41.4M | $-73.9M | $-33.8M | $-14.2M | $-14.5M |
| Net Margin | -105.6% | -395.9% | -168.8% | -57.0% | -85.1% |
| EPS (Basic) | $-0.53 | $-1.25 | $-0.67 | $-0.32 | $-0.42 |
| EPS (Diluted) | $-0.53 | $-1.25 | $-0.67 | $-0.32 | $-0.42 |
| Shares Outstanding (Basic) | 78.0M | 59.0M | 50.6M | 44.1M | 34.2M |
| Shares Outstanding (Diluted) | 78.0M | 59.0M | 50.6M | 44.1M | 34.2M |
| Dividends Per Share | — | — | — | — | — |