What is HEPS revenue?

D-Market Electronic Services & Trading (HEPS) reported TRY 84.65B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 13.4% from the year before.

No. D-Market Electronic Services & Trading reported a net loss of TRY 5.70B for fiscal 2025 (ended Dec 31, 2025).

How much cash and debt does HEPS have?

D-Market Electronic Services & Trading reported TRY 11.31B in cash and cash equivalents and TRY 596.55M of debt on its most recent balance sheet in SEC filings.

How fast is HEPS revenue growing?

D-Market Electronic Services & Trading's revenue changed +13.4% in fiscal 2025, to TRY 84.65B. Its compound annual growth rate was +41.0% over 5 years.

What is HEPS free cash flow?

D-Market Electronic Services & Trading generated TRY 8.87B of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of TRY 11.28B less capital expenditures.

What is HEPS earnings per share?

Diluted earnings per share were -TRY 15.31 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.

When did HEPS last report financial results?

The latest statements here come from D-Market Electronic Services & Trading's 20-F filed on Apr 30, 2026, covering the period ended Dec 31, 2025.

Financials · HEPS

D-Market Electronic Services & Trading (HEPS) financials

For fiscal 2025 (ended Dec 31, 2025), D-Market Electronic Services & Trading reported TRY 84.65B of revenue and -TRY 5.70B of net income. Figures are in TRY, the currency of its SEC filings.

Revenue, FY2025: TRY 84.65B
Revenue growth, YoY: +13.4%
Net income, FY2025: -TRY 5.70B
Net margin: -6.7%
Free cash flow, FY2025: TRY 8.87B
EPS, diluted, FY2025: -TRY 15.31
Cash: TRY 11.31B
Total debt: TRY 596.55M

Annual revenueTRY 84.65B

FY2019FY2025

Annual net income-TRY 5.70B

FY2019FY2025

Annual free cash flowTRY 8.87B

FY2019FY2025

HEPS revenue and earnings growth

HEPS revenueFY2025TRY 84.65B

FY YoY: +13.4%
5Y CAGR: +41.0%

HEPS revenue was TRY 84.65B for fiscal 2025 (ended Dec 31, 2025), up 13.4% from fiscal 2024. Compound annual growth was +41.0% over 5 years. It rose in each of the last 6 fiscal years. Fiscal 2025 is the highest of the 7 fiscal years on file.

HEPS net incomeFY2025-TRY 5.70B

HEPS net income was -TRY 5.70B for fiscal 2025 (ended Dec 31, 2025), compared with -TRY 2.10B in fiscal 2024.

HEPS EPSFY2025-TRY 15.31

HEPS diluted EPS was -TRY 15.31 for fiscal 2025 (ended Dec 31, 2025), compared with -TRY 6.40 in fiscal 2024.

HEPS free cash flowFY2025TRY 8.87B

FY YoY: +83.8%
5Y CAGR: +59.8%

HEPS free cash flow was TRY 8.87B for fiscal 2025 (ended Dec 31, 2025), up 83.8% from fiscal 2024. Compound annual growth was +59.8% over 5 years. Fiscal 2025 is the highest of the 7 fiscal years on file.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019
Revenue	TRY 84.65B	TRY 74.67B	TRY 67.20B	TRY 38.23B	TRY 24.79B	TRY 15.17B	TRY 2.60B
Operating income	-TRY 2.03B	TRY 22.20M	-TRY 1.37B	-TRY 7.38B	-TRY 6.78B	-TRY 827.66M	TRY 101.11M
Interest expense	TRY 12.00B	TRY 10.03B	TRY 7.58B	TRY 4.07B	TRY 3.28B	TRY 957.14M	TRY 273.28M
Pre-tax income	-TRY 5.74B	-TRY 2.10B	TRY 142.74M	-TRY 6.92B	-TRY 3.33B	-TRY 936.59M	-TRY 131.65M
Income tax	-TRY 43.15M	TRY 0	TRY 0	TRY 0	-	-	-
Net income	-TRY 5.70B	-TRY 2.10B	TRY 142.74M	-TRY 6.92B	-TRY 3.33B	-TRY 936.59M	-TRY 131.65M
EPS, basic	-TRY 15.31	-TRY 6.40	TRY 0.44	-TRY 21.20	-TRY 10.93	-TRY 3.29	-TRY 0.46
EPS, diluted	-TRY 15.31	-TRY 6.40	TRY 0.44	-TRY 21.20	-TRY 10.93	-TRY 3.29	-TRY 0.46
Diluted shares	372.3M	328.4M	324.8M	326.0M	304.8M	284.3M	284,328

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019
Cash and equivalents	TRY 11.31B	TRY 8.84B	TRY 10.39B	TRY 12.53B	TRY 10.32B	TRY 1.32B	TRY 282.30M
Short-term investments	TRY 1.83B	TRY 2.89B	TRY 2.30B	TRY 28.93M	TRY 1.68B	-	-
Inventory	TRY 8.73B	TRY 7.86B	TRY 5.72B	TRY 2.95B	TRY 2.88B	TRY 770.14M	-
Current assets	TRY 29.67B	TRY 27.30B	TRY 21.11B	TRY 13.80B	TRY 11.82B	TRY 1.69B	-
Total assets	TRY 36.95B	TRY 34.22B	TRY 25.38B	TRY 16.59B	TRY 13.39B	TRY 1.96B	-
Current liabilities	TRY 33.39B	TRY 28.25B	TRY 19.70B	TRY 12.76B	TRY 8.22B	TRY 2.66B	-
Short-term debt	TRY 596.55M	TRY 2.20B	TRY 264.89M	TRY 21.50M	TRY 317.34M	TRY 347.44M	-
Long-term debt	-	-	TRY 4.05M	TRY 18.00M	-	-	-
Total debt	TRY 596.55M	TRY 2.20B	TRY 268.95M	TRY 39.50M	TRY 317.34M	TRY 347.44M	-
Total liabilities	TRY 34.93B	TRY 29.87B	TRY 20.61B	TRY 13.22B	TRY 8.57B	TRY 2.75B	-
Shareholders' equity	TRY 2.01B	TRY 4.35B	TRY 6.24B	TRY 6.36B	TRY 11.45B	-TRY 2.63B	-TRY 654.54M

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019
Operating cash flow	TRY 11.28B	TRY 7.46B	TRY 9.49B	TRY 1.02B	-TRY 47.39M	TRY 1.10B	TRY 363.78M
Capital expenditures	TRY 2.41B	TRY 2.63B	TRY 2.18B	TRY 2.01B	TRY 645.08M	TRY 243.98M	TRY 53.56M
Free cash flow	TRY 8.87B	TRY 4.83B	TRY 7.30B	-TRY 990.82M	-TRY 692.48M	TRY 852.26M	TRY 310.22M
Investing cash flow	TRY 2.57B	TRY 1.17B	-TRY 3.17B	TRY 2.61B	-TRY 3.12B	-TRY 149.53M	-TRY 53.34M
Financing cash flow	-TRY 9.24B	-TRY 7.68B	-TRY 6.29B	-TRY 3.51B	TRY 10.85B	-TRY 225.64M	-TRY 170.72M
Share repurchases	-	-	TRY 90.75M	-	-	-	-
Stock-based compensation	TRY 216.07M	TRY 235.53M	TRY 201.08M	TRY 361.85M	TRY 280.71M	-	-
Depreciation and amortization	TRY 3.17B	TRY 2.68B	TRY 2.22B	TRY 1.22B	TRY 637.01M	TRY 301.62M	TRY 66.29M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019
Revenue growth, YoY	13.4%	11.1%	75.8%	54.2%	63.4%	482.7%	-
Operating margin	-2.4%	0.0%	-2.0%	-19.3%	-27.3%	-5.5%	3.9%
Net margin	-6.7%	-2.8%	0.2%	-18.1%	-13.4%	-6.2%	-5.1%
Free cash flow margin	10.5%	6.5%	10.9%	-2.6%	-2.8%	5.6%	11.9%
Return on equity	-283.3%	-48.3%	2.3%	-108.7%	-29.1%	-	-
Return on assets	-15.4%	-6.1%	0.6%	-41.7%	-24.9%	-47.7%	-
Current ratio	0.89	0.97	1.07	1.08	1.44	0.64	-
Debt to equity	0.30	0.51	0.04	0.01	0.03	-	-

Source: XBRL data D-Market Electronic Services & Trading files with the SEC, latest filing dated Apr 30, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

HEPS peers

Company	Revenue	Growth	Net income	Net margin	Market cap
HEPS	TRY 84.65B	+13.4%	-TRY 5.70B	-6.7%	$1.18B
AMZNAmazon.com Inc.	$797.46B	+15.4%	$134.78B	16.9%	$2.89T
CPNGCoupang Inc.	$36.16B	+7.4%	-$1.36B	-3.8%	$29.43B
CDWCDW Corporation	$24.52B	+10.9%	$1.10B	4.5%	$20.54B
WWayfair Inc.	$13.21B	+7.9%	-$160.00M	-1.2%	$15.99B
CHWYChewy Inc.	$13.07B	+5.9%	$273.70M	2.1%	$9.26B
VIPSVipshop Holdings Limited	CN¥105.92B	-2.3%	CN¥7.24B	6.8%	$6.57B
NSITInsight Enterprises Inc.	$9.02B	+9.0%	$181.69M	2.0%	$4.72B
PTRNPattern Group Inc.	$3.26B	+42.1%	$117.51M	3.6%	$3.43B

HEPS FAQ

8 questions

What is HEPS revenue?
D-Market Electronic Services & Trading (HEPS) reported TRY 84.65B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 13.4% from the year before.
Is HEPS profitable?
No. D-Market Electronic Services & Trading reported a net loss of TRY 5.70B for fiscal 2025 (ended Dec 31, 2025).
How much cash and debt does HEPS have?
D-Market Electronic Services & Trading reported TRY 11.31B in cash and cash equivalents and TRY 596.55M of debt on its most recent balance sheet in SEC filings.
How fast is HEPS revenue growing?
D-Market Electronic Services & Trading's revenue changed +13.4% in fiscal 2025, to TRY 84.65B. Its compound annual growth rate was +41.0% over 5 years.
What is HEPS free cash flow?
D-Market Electronic Services & Trading generated TRY 8.87B of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of TRY 11.28B less capital expenditures.
What is HEPS earnings per share?
Diluted earnings per share were -TRY 15.31 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
When did HEPS last report financial results?
The latest statements here come from D-Market Electronic Services & Trading's 20-F filed on Apr 30, 2026, covering the period ended Dec 31, 2025.
Where does this HEPS financial data come from?
Quantisnow builds these statements from the structured XBRL data D-Market Electronic Services & Trading files with the SEC. It is provided for information only and is not investment advice.