Marti Technologies (MRT)


Market Price (11/6/2026): $1.95 | Market Cap: $168.9 MilSector: Information Technology | Industry: Application Software

Marti Technologies (MRT)


Market Price (11/6/2026): $1.95
Market Cap: $168.9 Mil
Sector: Information Technology
Industry: Application Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Megatrend and thematic drivers
Megatrends include Urban Mobility. Themes include Micro-mobility Services, and Ride-hailing Platforms.

Weak multi-year price returns
2Y Excs Rtn is -37%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -13 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -33%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 56%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -29%

Key risks
MRT key risks include [1] a hostile regulatory and competitive environment in Turkey, Show more.

0 Megatrend and thematic drivers
Megatrends include Urban Mobility. Themes include Micro-mobility Services, and Ride-hailing Platforms.
1 Weak multi-year price returns
2Y Excs Rtn is -37%
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -13 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -33%
3 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 56%
4 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -29%
5 Key risks
MRT key risks include [1] a hostile regulatory and competitive environment in Turkey, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/5/2026

Marti Technologies (MRT) stock has gained about 5% since 7/31/2026 because of the following key factors:

1. Significant Operational Expansion and User Growth.

Marti Technologies notably expanded its ride-hailing service to 10 new cities in Türkiye in August 2026 and then further to a total of 40 cities by October 28, 2026. This aggressive expansion was accompanied by strong user adoption, as the company surpassed its September 30, 2026 targets a month early, achieving 4.90 million riders and 584 thousand registered drivers for its ride-hailing service by September 3, 2026.

2. Positive Resolution of Legal Challenge.

On October 26, 2026, Marti Technologies secured a favorable outcome in an unfair-competition case concerning its Marti TAG ride-sharing platform. The Istanbul Regional Court of Appeals dismissed the plaintiffs' claims and rejected requests for interim measures to block access to services, thereby removing a significant regulatory uncertainty that had impacted the company.

Show more
Updated on 11/5/2026

Marti Technologies (MRT) stock has gained about 5% since 7/31/2026 because of the following key factors:

1. Significant Operational Expansion and User Growth.

Marti Technologies notably expanded its ride-hailing service to 10 new cities in Türkiye in August 2026 and then further to a total of 40 cities by October 28, 2026. This aggressive expansion was accompanied by strong user adoption, as the company surpassed its September 30, 2026 targets a month early, achieving 4.90 million riders and 584 thousand registered drivers for its ride-hailing service by September 3, 2026.

2. Positive Resolution of Legal Challenge.

On October 26, 2026, Marti Technologies secured a favorable outcome in an unfair-competition case concerning its Marti TAG ride-sharing platform. The Istanbul Regional Court of Appeals dismissed the plaintiffs' claims and rejected requests for interim measures to block access to services, thereby removing a significant regulatory uncertainty that had impacted the company.

3. Increased Share Repurchase Program and Reaffirmed Fiscal Guidance.

Marti Technologies demonstrated a commitment to shareholder value by increasing its share repurchase authorization to $5 million and extending the program through April 2027 on September 10, 2026. This capital allocation decision was complemented by the reaffirmation of its fiscal year 2026 revenue guidance of $85 million on October 28, 2026, signaling confidence in the company's financial outlook.

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Stock Movement Drivers

Fundamental Drivers

The 5.4% change in MRT stock from 7/31/2026 to 11/5/2026 was primarily driven by a 13.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)731202611052026Change
Stock Price ($)1.851.955.4%
Change Contribution By: 
Total Revenues ($ Mil)343913.0%
P/S Multiple4.24.34.2%
Shares Outstanding (Mil)7786-10.5%
Cumulative Contribution5.4%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/5/2026
ReturnCorrelation
MRT5.4% 
Market (SPY)-1.9%9.9%
Sector (XLK)-7.4%9.0%

Fundamental Drivers

The -6.7% change in MRT stock from 4/30/2026 to 11/5/2026 was primarily driven by a -10.5% change in the company's Shares Outstanding (Mil).
(LTM values as of)430202611052026Change
Stock Price ($)2.091.95-6.7%
Change Contribution By: 
Total Revenues ($ Mil)343913.0%
P/S Multiple4.74.3-7.8%
Shares Outstanding (Mil)7786-10.5%
Cumulative Contribution-6.7%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/5/2026
ReturnCorrelation
MRT-6.7% 
Market (SPY)2.3%-2.1%
Sector (XLK)1.9%3.3%

Fundamental Drivers

The -25.9% change in MRT stock from 10/31/2025 to 11/5/2026 was primarily driven by a -26.7% change in the company's P/S Multiple.
(LTM values as of)1031202511052026Change
Stock Price ($)2.631.95-25.9%
Change Contribution By: 
Total Revenues ($ Mil)343913.0%
P/S Multiple5.94.3-26.7%
Shares Outstanding (Mil)7786-10.5%
Cumulative Contribution-25.9%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/5/2026
ReturnCorrelation
MRT-25.9% 
Market (SPY)8.4%2.2%
Sector (XLK)8.4%5.4%

Fundamental Drivers

The 298.0% change in MRT stock from 10/31/2023 to 11/5/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)1031202311052026Change
Stock Price ($)0.491.95298.0%
Change Contribution By: 
Total Revenues ($ Mil)�390.0%
P/S Multiple�4.30.0%
Shares Outstanding (Mil)4986-43.6%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/5/2026
ReturnCorrelation
MRT298.0% 
Market (SPY)81.3%19.0%
Sector (XLK)101.5%16.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MRT Return-10%3%-94%422%-30%-18%-82%
Peers Return-10%-39%15%105%-16%-35%-29%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
MRT Win Rate25%83%58%58%33%45% 
Peers Win Rate50%25%59%67%47%27% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
MRT Max Drawdown-13%-2%-97%-27%-47%-45% 
Peers Max Drawdown-29%-48%-17%-43%-40%-46% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: ADSK, BMR, GWRE, HODO, HUCK.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)

How Low Can It Go

EventMRTS&P 500
2025 US Tariff Shock
  % Loss-27.8%-18.8%
  % Gain to Breakeven38.5%23.1%
  Time to Breakeven27 days79 days
2024 Yen Carry Trade Unwind
  % Loss-16.0%-7.8%
  % Gain to Breakeven19.0%8.5%
  Time to Breakeven3 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-66.0%-9.5%
  % Gain to Breakeven194.5%10.5%
  Time to Breakeven147 days24 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-31.5%-19.2%
  % Gain to Breakeven46.0%23.8%
  Time to Breakeven9 days105 days

Compare to ADSK, HIT, BMR, DSGX, EGAN

In The Past

Marti Technologies's stock fell -27.8% during the 2025 US Tariff Shock. Such a loss loss requires a 38.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventMRTS&P 500
2025 US Tariff Shock
  % Loss-27.8%-18.8%
  % Gain to Breakeven38.5%23.1%
  Time to Breakeven27 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-66.0%-9.5%
  % Gain to Breakeven194.5%10.5%
  Time to Breakeven147 days24 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-31.5%-19.2%
  % Gain to Breakeven46.0%23.8%
  Time to Breakeven9 days105 days

Compare to ADSK, HIT, BMR, DSGX, EGAN

In The Past

Marti Technologies's stock fell -27.8% during the 2025 US Tariff Shock. Such a loss loss requires a 38.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Marti Technologies (MRT)

Marti Technologies (MRT) is an Istanbul, Turkey-based micro-mobility company established in 2018. It specializes in providing electric vehicles for local transportation, primarily serving customers across the MENA region and Eastern Europe.

The core of Marti's service offering is the "Seagull" application, which the company designs and develops. This mobile application serves as a platform to connect users with available electric vehicles, facilitating convenient and accessible short-distance travel within its operational markets.

AI Analysis | Feedback

Analogies:
  • It's like the Lime or Bird of Turkey and Eastern Europe.
  • Think of it as Uber or Lyft for electric scooters and bikes.

AI Analysis | Feedback

  • Electric Vehicle Sharing Service: Provides on-demand access to a fleet of electric vehicles for local transportation in MENA and Eastern Europe.
  • Seagull Application: A mobile application designed to connect users with available electric vehicles for rental and transport purposes.

AI Analysis | Feedback

Marti Technologies (MRT) operates a micro-mobility service that provides electric vehicles for local transport, primarily selling its services directly to individual consumers through its Seagull application. The company serves the following categories of customers:

  • Urban Commuters: Individuals who use the electric vehicles for daily travel within urban areas, such as commuting to work, school, or other regular appointments.
  • Casual Riders/Tourists: Individuals, including tourists and local residents, who use the service for recreational purposes, sightseeing, or spontaneous short-distance trips around the city.
  • Short-Distance Travelers/Last-Mile Users: Individuals seeking convenient and efficient transportation for short distances, often to bridge the gap between public transport stops and their final destinations.

AI Analysis | Feedback

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AI Analysis | Feedback

Oguz Alper Oktem, Co-Founder and Chief Executive Officer

Oguz Alper Oktem co-founded Marti Technologies, Inc. in November 2018 with his sister Sena Öktem. Before establishing Marti, he served as Chief Operating Officer at BluTV in Istanbul starting in 2014. His career began at Deutsche Bank's London office, where he focused on nuclear energy projects. He also worked at McKinsey & Company and was an investor in Kolektif House. He holds a Master of Science in political economy from The London School of Economics and Political Science and a Bachelor of Arts in economics from the University of Chicago. Marti has received backing from the European Bank for Reconstruction Development (EBRD) and Autotech Ventures, a mobility-focused venture capital firm.

Cenk Özeker, Chief Financial Officer

Cenk Özeker was appointed Chief Financial Officer of Marti Technologies, Inc. effective May 14, 2025. He brings over 25 years of extensive senior finance and operational leadership experience from various companies across Europe and Türkiye. Prior to joining Marti, he was the Managing Director at Newport Shipping UK from 2021 to 2024. Before that, he served as Managing Director of Icron Software in Amsterdam from 2019 to 2021. Earlier in his career, he held significant finance and operations leadership roles at companies such as Pepsi, Beymen, H.O. Sabancı Holding, and Unilever. Mr. Özeker earned his Bachelor of Arts in Economics from Istanbul University and a Master of Business Administration from the University of Louisiana at Monroe.

Cankut Durgun, Co-Founder, President and Chief Operating Officer

Cankut Durgun is a Co-Founder of Marti Technologies and has served as the company's President and Chief Operating Officer since June 2025, and President since December 2018. Before co-founding Marti, Mr. Durgun was a co-founder and general partner at Aslanoba Capital, a venture capital firm, from June 2013 to September 2017. Prior to that, he was also a co-founder and general partner of Romulus Capital, another venture capital firm, from October 2008 to June 2013. He holds a Bachelor of Science in Economics and Management Science from Massachusetts Institute of Technology and a Master of Business Administration from Stanford University.

AI Analysis | Feedback

Here are the key risks to Marti Technologies:

  1. Weak Financial Performance and Path to Profitability: Marti Technologies has historically been in a loss-making phase with negative free cash flow. While the company is actively transitioning towards a monetization phase for its ride-hailing business and forecasts achieving positive adjusted EBITDA and free cash flow in 2025, its ability to consistently reach and maintain profitability remains a significant risk. Analysts also point to weak financial performance (losses, negative free cash flow, and negative equity/leverage risk) as a factor holding down its stock score.
  2. Regulatory Uncertainty: The ride-hailing market in Turkey, where Marti Technologies primarily operates, currently lacks a specific regulatory framework. While Marti anticipates that the introduction of regulations could lead to positive outcomes similar to other formalized markets, the absence of clear regulations introduces uncertainty. Future regulatory decisions could significantly impact the company's operating model, pricing strategies, or market access, presenting a material risk.
  3. Market Penetration and Competitive Pressures: Despite being a leading mobility app in Turkey, Marti faces ongoing challenges in market penetration and consumer adoption, particularly evident in its two-wheel electric vehicle segment. The company has experienced a decrease in average daily rides per vehicle in this segment due to "reduced consumer purchasing power" and operates in a competitive landscape, requiring continuous investment and adaptation to maintain its market position and grow its user base.

AI Analysis | Feedback

The aggressive expansion of established ride-hailing and delivery giants (such as Bolt and Uber) into the micro-mobility sector within Marti Technologies' key operating regions (MENA and Eastern Europe, including Istanbul). These companies possess vast financial resources, extensive existing user bases, and well-developed technological platforms and logistical networks, enabling them to quickly scale micro-mobility fleets and potentially undercut competitors or offer integrated transportation solutions that Marti, as a specialized micro-mobility provider, may struggle to match.

AI Analysis | Feedback

Marti Technologies (symbol: MRT) operates within substantial addressable markets in Turkey for its urban mobility and micro-mobility services. The overall urban mobility market in Turkey is valued at an estimated $9–$12 billion annually. For Marti's ride-hailing services, which include car, motorcycle, and taxi hailing, the total addressable market (TAM) in Turkey is estimated to be between $9–$12 billion annually, reflecting the Turkish taxi market. This market is projected to expand significantly, reaching $15–$20 billion by 2030. The annual revenue potential for ride-hailing in Turkey is estimated at $4 billion. Istanbul, where Marti has a strong presence, accounts for 35% of the national taxi market. Based on an average gross booking value per trip of $9.2 and a 30% take rate, Marti believes the total ride-hailing market in Turkey offers up to $3 billion in annual revenue potential. Regarding its two-wheeled electric vehicle business (e-mopeds, e-bikes, and e-scooters), Marti operates the largest fleet in Turkey. The micro-mobility market in Europe, which includes Turkey, was valued at $1.53 billion in 2025 and is projected to grow to $3.79 billion by 2034, demonstrating an 11.70% Compound Annual Growth Rate (CAGR) from 2026 to 2034. Within this European market, the e-bike segment held 47.4% of the regional market share in 2025. The broader Middle East mobility market, which encompasses micromobility, is anticipated to increase from $11 billion in 2023 to $18 billion by 2035. Specifically, the bike-sharing market in the Middle East is forecast to grow from $87 million in 2023 to $272 million by 2035, while the scooter-sharing market is projected to reach $101 million by 2035.

AI Analysis | Feedback

Marti Technologies (NYSE American: MRT) anticipates several key drivers for its future revenue growth over the next 2-3 years, primarily stemming from its strategic focus on ride-hailing and expansion within the Turkish market. The expected drivers of future revenue growth include:
  • Rapid Growth in Ride-Hailing Trips: Marti expects continued rapid growth in the number of ride-hailing trips. The company has consistently exceeded operational targets for unique ride-hailing riders and registered drivers, indicating sustained expansion in its core mobility service. Marti has successfully grown its ride-hailing service, surpassing 2025 year-end targets for riders and drivers and setting new goals for early 2026.
  • Increased Monetization through Higher Take Rates and Dynamic Pricing: The company projects revenue growth from increasing its take rates in cities where its ride-hailing service has been monetized. Marti initiated monetization of its ride-hailing services in October 2024 and introduced a dynamic pricing model in January 2025, which is already showing strong momentum.
  • Expansion and Monetization of Services in New Cities: Marti has a clear strategy of expanding its ride-hailing services into new cities across Turkey and then monetizing these new markets. The company launched ride-hailing services in six new cities during the first half of 2025, significantly expanding its addressable market, with plans to expand to a total of 20 cities. The introduction of monetization in these newly launched cities is expected to contribute to future revenue.
  • Growing Contribution from Delivery Services: Marti's delivery services are anticipated to increase in volume and revenue contribution. The company views the introduction and scaling of delivery services as a key component in leveraging its platform for further growth.

AI Analysis | Feedback

Share Repurchases

  • Marti Technologies initiated a share repurchase program on January 10, 2024, authorizing the buyback of up to $2.5 million of its Class A ordinary shares.
  • This program was extended until April 9, 2026, from its initial expiry on October 9, 2025.
  • The board has maintained a maximum purchase price of $6.00 per share for the repurchases.

Share Issuance

  • Marti Technologies became a publicly traded company on July 11, 2023, through a SPAC merger with Galata Acquisition Corp., with its shares trading on the NYSE American Stock Exchange under "MRT".
  • The business combination was valued at a pro forma enterprise value of approximately $532 million.
  • The combined company was expected to receive up to approximately $147 million from Galata's trust account at closing, in addition to commitments for $57.5 million in new investments, including $40 million from Galata's sponsors.

Inbound Investments

  • As part of the SPAC merger, Galata Acquisition Corp. had approximately $147 million in trust, and commitments for $57.5 million in new investments were secured, with $40 million coming from Galata's sponsors.
  • In January 2024, a $5 million convertible note investment from Farragut Square Global Master Fund backed the company's share repurchase program.
  • The company raised $23 million in convertible note financing in April 2025, which was stated to fully fund growth for the subsequent 12 months, with no further capital raises planned.

Capital Expenditures

  • Marti Technologies reported annual capital expenditures of $4.841 million in 2023 and $1.039 million in 2024.
  • For the period ending June 30, 2025, capital expenditures were $282.4K.
  • These investments have been primarily focused on strengthening Marti's market position in Turkey by deploying additional vehicles for existing and new modalities and expanding its ride-hailing service.

Peer Outperformance in Application Software

MRT has trailed 73% of its 124 Application Software peers over 5Y. Application Software ranks 11th of 12 industries in Information Technology by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Application Software constituents that MRT has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
42%
of 151 industry peers · -23.8% return
3Y
99%
of 136 industry peers · 272.6% return
5Y
27%
of 124 industry peers · -80.1% return
No Application Software peer with a comparable growth profile has beaten MRT by more than 20pp over 5Y.
Median price return by industry across the Information Technology sector, ranked by 5Y. Application Software is MRT's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Electronic Manufacturing Services 10 -4.5%87.9%147.0% FLEX 399% · TTMI 335% · JBL 268%
Technology Distributors 9 41.5%40.5%44.9% AVT 115% · SNX 101% · CNXN 68%
Semiconductor Materials & Equipment 28 19.0%38.5%18.3% AXTI 298% · KLAC 227% · LRCX 219%
Communications Equipment 36 -6.2%75.3%17.2% AAOI 700% · LITE 446% · ANET 380%
Electronic Components 24 3.9%54.9%16.5% CLS 1768% · BELFA 923% · APH 268%
Electronic Equipment & Instruments 27 -7.8%26.6%4.8% PI 107% · OSIS 100% · CXT 61%
Semiconductors 55 -6.9%28.4%-15.7% MU 822% · NVDA 513% · AVGO 470%
Technology Hardware, Storage & Peripherals 21 -9.8%50.3%-27.4% WDC 540% · DELL 520% · SMCI 481%
Internet Services & Infrastructure 6 -1.5%35.3%-29.3% GDDY 65% · VRSN 37% · AKAM -27%
IT Consulting & Other Services 30 -22.2%-1.8%-32.0% APLD 222% · IBM 142% · GIB -9%
Application Software ← 125 -11.5%-10.1%-49.9% PLTR 496% · AGYS 140% · FROG 91%
Systems Software 70 -11.3%19.3%-56.2% ZETA 220% · CRWD 218% · CVLT 132%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1How Low Can Marti Technologies Stock Really Go?10/17/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

MRTADSKBMRGWREHODOHUCKMedian
NameMarti Te.Autodesk Beamr Im.Guidewir.House of.Hucklebe. 
Mkt Price1.95264.321.02167.40-2.912.91
Mkt Cap0.255.5----27.8
Rev LTM397,790---318318
Op Inc LTM-132,175----60-13
FCF LTM-2,804----221,391
FCF 3Y Avg-1,907----18945
CFO LTM-2,896----131,442
CFO 3Y Avg-1,994----8993

Growth & Margins

MRTADSKBMRGWREHODOHUCKMedian
NameMarti Te.Autodesk Beamr Im.Guidewir.House of.Hucklebe. 
Rev Chg LTM-17.9%---0.0%9.0%
Rev Chg 3Y Avg-14.4%---9.5%12.0%
Rev Chg Q28.9%16.1%---0.1%16.1%
QoQ Delta Rev Chg LTM13.0%3.8%---0.0%3.8%
Op Inc Chg LTM-43.6%----5.4%19.1%
Op Inc Chg 3Y Avg-29.5%---1.1%15.3%
Op Mgn LTM-32.5%27.9%----18.9%-18.9%
Op Mgn 3Y Avg-24.4%----23.6%0.4%
QoQ Delta Op Mgn LTM21.6%0.9%---0.0%0.9%
CFO/Rev LTM-37.2%----3.9%16.6%
CFO/Rev 3Y Avg-28.8%----2.7%13.0%
FCF/Rev LTM-36.0%----7.0%14.5%
FCF/Rev 3Y Avg-27.5%----5.7%10.9%

Valuation

MRTADSKBMRGWREHODOHUCKMedian
NameMarti Te.Autodesk Beamr Im.Guidewir.House of.Hucklebe. 
Mkt Cap0.255.5----27.8
P/S4.37.1----5.7
P/Op Inc-13.325.5----6.1
P/EBIT-5.825.5----9.9
P/E-4.033.8----14.9
P/CFO-19.2----19.2
Total Yield-25.1%2.9%-----11.1%
Dividend Yield0.0%0.0%----0.0%
FCF Yield 3Y Avg-3.6%----3.6%
D/E0.60.1----0.4
Net D/E0.6-0.0----0.3

Returns

MRTADSKBMRGWREHODOHUCKMedian
NameMarti Te.Autodesk Beamr Im.Guidewir.House of.Hucklebe. 
1M Rtn-0.5%14.3%-34.2%1.7%--6.7%-0.5%
3M Rtn8.9%9.0%-22.7%4.6%--13.6%4.6%
6M Rtn-6.2%5.3%-46.9%19.9%--13.6%-6.2%
12M Rtn-23.8%-12.2%-57.1%-24.0%--13.6%-23.8%
3Y Rtn272.6%30.9%-16.4%85.4%--13.6%30.9%
1M Excs Rtn2.5%13.9%-33.6%3.5%--5.0%2.5%
3M Excs Rtn12.6%7.0%-20.7%-0.9%--12.7%-0.9%
6M Excs Rtn-11.0%0.6%-51.6%15.1%--18.5%-11.0%
12M Excs Rtn-38.0%-25.4%-68.5%-38.4%--27.4%-38.0%
3Y Excs Rtn214.6%-48.1%-97.4%2.4%--98.1%-48.1%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2025202420232021
Single Segment391920 
Ride-hailing   0
Two-wheeled electric vehicle rentals   17
Unallocated   0
Total39192017


Net Income by Segment
$ Mil202520242023
Single Segment-41-74-34
Total-41-74-34


Price Behavior

Price Behavior
Market Price$1.95 
Market Cap ($ Bil)0.2 
First Trading Date09/29/2016 
Distance from 52W High-23.8% 
   50 Days200 Days
DMA Price$2.01$1.95
DMA Trendupdown
Distance from DMA-2.9%0.2%
 3M1YR
Volatility60.3%57.1%
Downside Capture23.2911.99
Upside Capture118.58-18.10
Correlation (S&P 500)9.1%0.4%
MRT Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta1.061.220.24-0.340.031.02
Up Beta-4.17-1.92-2.57-0.650.071.22
Down Beta0.150.300.27-0.53-0.370.91
Up Capture251%182%125%-12%5%130%
Bmk +ve Days12182862130427
Stock +ve Days10193257104325
Down Capture113%214%65%-20%38%90%
Bmk -ve Days10253664121325
Stock -ve Days11222961122386

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MRT
MRT-24.5%57.1%-0.28-
Sector ETF (XLK)11.0%28.3%0.355.5%
Equity (SPY)9.5%13.6%0.412.3%
Gold (GLD)3.6%28.7%0.115.2%
Commodities (DBC)37.7%21.2%1.4011.8%
Real Estate (VNQ)12.0%14.2%0.55-4.6%
Bitcoin (BTCUSD)-20.8%43.3%-0.428.2%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MRT
MRT-13.5%85.1%0.15-
Sector ETF (XLK)15.9%26.4%0.5510.8%
Equity (SPY)11.3%17.3%0.4812.5%
Gold (GLD)17.5%19.1%0.746.5%
Commodities (DBC)8.0%19.6%0.294.9%
Real Estate (VNQ)1.2%18.9%-0.0510.5%
Bitcoin (BTCUSD)5.9%51.5%0.2910.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MRT
MRT-6.3%70.0%0.15-
Sector ETF (XLK)22.4%25.3%0.8110.9%
Equity (SPY)14.9%18.0%0.7012.7%
Gold (GLD)12.0%16.5%0.595.5%
Commodities (DBC)7.6%18.1%0.335.4%
Real Estate (VNQ)5.7%20.7%0.2312.0%
Bitcoin (BTCUSD)61.3%66.2%1.017.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 930202624.9%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest2.9 days
Basic Shares Quantity86.1 Mil
Short % of Basic Shares0.1%

Earnings Returns History

Updated 6/2/2026
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

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Report DateFiling DateFiling
06/30/202608/19/20266-K
12/31/202504/13/202620-F
06/30/202509/22/20256-K
12/31/202404/29/202520-F
06/30/202409/30/20246-K
12/31/202304/16/202420-F
09/30/202310/13/20236-K
09/30/202203/01/2023F-4/A
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Report DateFiling DateFiling
06/30/202608/19/20266-K
12/31/202504/13/202620-F
06/30/202509/22/20256-K
12/31/202404/29/202520-F
06/30/202409/30/20246-K
12/31/202304/16/202420-F
09/30/202310/13/20236-K
09/30/202203/01/2023F-4/A

Insider Activity

Updated 10/2/2026
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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Freifeld, DanielSee FootnoteSell100220262.02350,000707,00012,357,784Form
2Freifeld, DanielSee FootnoteSell100220261.70500,000850,00010,995,116Form
3Freifeld, DanielSee FootnoteSell100220262.04500,0001,020,00014,214,139Form
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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Freifeld, DanielSee FootnoteSell100220262.02350,000707,00012,357,784Form
2Freifeld, DanielSee FootnoteSell100220261.70500,000850,00010,995,116Form
3Freifeld, DanielSee FootnoteSell100220262.04500,0001,020,00014,214,139Form
Core Cache Last Updated: 11/5/2026