D-MARKET Electronic Services & Trading
HEPS Nasdaq· Retail-Catalog & Mail-Order Houses
Last close · Oct 26, 2026
$2.78
KIRA · Stoqly’s AI analyst, in plain words
- D-MARKET Electronic Services & Trading had $2.1B of revenue in fiscal 2025, down 5.8% on the year before. Over five years, revenue changed −0.2% a year on average.
- Its operating margin was −2.4%, down 2.4 pts: of every 100 in sales, about −2 is left after running the business.
- D-MARKET Electronic Services & Trading lost $144M in fiscal 2025.
- D-MARKET Electronic Services & Trading has $249M more cash than debt.
Market cap
$1.0B
P/E
—
Revenue
$2.1B
Net income
−$144M
Free cash flow
—
Operating margin
−2.4%
D-MARKET Electronic Services & Trading in 30 seconds · fiscal 2025
Are sales growing?
−5.8%
No. Sales fell 5.8% last year.
Does it make a profit?
−6.7%
No. It lost money last year.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What D-MARKET Electronic Services & Trading does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 30, 2026
- Legal name
- D-MARKET Electronic Services & Trading
- CIK
- 0001850235
D-MARKET Electronic Services & Trading · HEPS
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $2.8B | $2.3B | $2.8B | $2.3B | $2.1B |
| Revenue growth | 29.2% | −17.4% | 22.4% | −19.5% | −5.8% |
| Operating margin | −27.3% | −19.3% | −2.0% | 0.0% | −2.4% |
| Net income | −$375M | −$417M | $6.0M | −$63.9M | −$144M |
| Net margin | −13.4% | −18.1% | 0.2% | −2.8% | −6.7% |
| Diluted EPS | −$1.23 | −$1.28 | $0.02 | −$0.19 | −$0.39 |
| Cash | |||||
| Cash from operations | −$5.3M | $61.5M | $398M | $227M | $285M |
| Share buybacks | — | — | $3.8M | — | — |
| Share count change | 7.2% | 7.0% | −0.4% | 1.1% | 13.4% |
| Debt and strength | |||||
| Cash and short-term investments | $767M | $669M | $352M | $250M | $263M |
| Debt incl. finance leases | $23.6M | $2.1M | $9.1M | $62.3M | $13.9M |
| Shareholders' equity | $851M | $340M | $211M | $123M | $46.8M |
| Net debt / EBITDA | — | — | −9.6x | −2.3x | −8.6x |
| Current ratio | 1.4x | 1.1x | 1.1x | 1.0x | 0.9x |
| Interest coverage | −2.1x | −1.8x | −0.2x | 0.0x | −0.2x |
| Returns and quality | |||||
| Return on capital | −561.2% | — | — | — | — |
| Return on equity | −150.6% | −70.0% | 2.2% | −38.2% | −169.7% |
| Return on tangible equity | −44.8% | −122.7% | 2.8% | −52.0% | −307.7% |
| Piotroski F-score | 4 | 3 | 6 | 2 | 4 |
| Altman Z'' | 1.7 | −4.7 | −2.0 | −2.4 | −2.6 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
D-MARKET Electronic Services & Trading · HEPS
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $2.78 a share, the company is worth $1.0B.
Source: SEC EDGAR XBRL filings (CIK 0001850235). Data updated October 24, 2026. Filed in TRY under IFRS and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.