D-Market Electronic Services &
HEPS
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- D-Market Electronic Services operates in the growing Internet Retail sector, which has seen significant consumer shift towards online shopping, especially post-pandemic.
- The company reported a gross margin of 37.8% in the latest quarter, an improvement from 36.7% in the prior quarter.
- Despite a slight revenue decline of 1% quarter-over-quarter, the gross profit increased to $8.6 billion.
- The company's operating margin remains negative, indicating ongoing challenges in profitability and cost management.
- D-Market's net income for the latest quarter was -$1.9 billion, reflecting continued financial struggles.
- The stock has a sell signal with a score of -6.00, indicating bearish market sentiment and a trend of declining performance.
Fundamentals
| Market cap | $1.14B | Enterprise value | — | Trailing P/E | — | Forward P/E | 0.61 |
| PEG | — | Price / book | 0.99 | Beta | 2.08 | Dividend yield | 0.00% |
| Revenue growth | 36.2% | Earnings growth | — | Gross margin | 25.3% | Operating margin | 0.0% |
| Profit margin | -8.0% | ROE | -6.4% | ROA | -4.6% | Debt / equity | — |
| Current ratio | 0.77 | Free cash flow | $1.22B | Analyst recommendation | none | Mean target | $3.19 |
| 52w high | $3.33 | 52w low | $2.15 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $22.8B | $23.1B | $30.3B | $19.9B | $22.1B | — |
| Op margin | -2.9% | -1.9% | 0.9% | -3.0% | 2.3% | — |
| Net income | -$1.9B | -$992M | -$3.2B | -$1.3B | -$956M | — |
| Gross margin | 37.8% | 36.7% | 34.2% | 37.2% | 37.8% | — |
| Gross profit | $8.6B | $8.5B | $10.4B | $7.4B | $8.4B | — |
| Operating income | -$669M | -$440M | $277M | -$591M | $502M | — |
- Revenue -1% vs prior quarter ($22.8B vs $23.1B).
- Gross margin 37.8% (was 36.7% prior quarter).
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $84.7B | $74.7B | $67.2B | $38.2B | — |
| Op margin | -1.1% | 0.8% | -1.8% | -17.1% | — |
| Net income | -$5.7B | -$2.1B | $143M | -$6.9B | — |
| Gross margin | 36.2% | 37.5% | 30.3% | 21.7% | — |
| Gross profit | $30.7B | $28.0B | $20.4B | $8.3B | — |
| Operating income | -$902M | $567M | -$1.2B | -$6.5B | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-09-30 · Hepsiburada Announces Ordinary General Assembly Meeting for Financial Year 2025
2026-08-08 · Hepsiburada (NasdaqGS:HEPS) Q2 Losses Put Its Growth Narrative And Valuation In Focus
2026-08-06 · Hepsiburada Announces Second Quarter 2026 Financial Results
2026-08-06 · Hepsiburada Announces Second Quarter 2026 Financial Results
2026-07-23 · Hepsiburada to Announce Second Quarter 2026 Results on August 6, 2026
2026-07-14 · Hepsiburada Announces Extraordinary General Assembly Meeting
Price (daily)
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