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D-MARKET Electronic Services & Trading

corporate_fare Company Profile

D-MARKET Electronic Services & Trading

HEPS·NASDAQ·Trade & Services·CIK 0001850235

D-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company runs a retail website offering a wide range of products, including electronics and non-electronics such as books, sports equipment, toys, kids and baby products, cosmetics, and furniture. Beyond its core retail operations, D-Market Elektronik Hizmetler ve Ticaret A.S. provides various supporting services. These include HepsiJet, which handles last-mile delivery, and HepsiLojistik, offering fulfillment services. The company also operates HepsiMat, an offline network of pick-up and drop-off points, and HepsiAd, which provides advertising services. Furthermore, it offers financial technology solutions through Hepsipay and Hepsifinans, encompassing e-wallet services, e-money, payment facilitation, and consumer lending. The company was incorporated in 2000, is headquartered in Istanbul, Turkey, and is a subsidiary of Joint Stock Company Kaspi.kz.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) is a publicly traded company in the Trade & Services sector. Wiseek has independently scored 8 items for HEPS at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-09-30, rated 8/10. Across its 8 most recent items scored 7 or higher, the top rating is 9/10, with 5 rated 8 or above. Recent SEC coverage for HEPS spans 6-K, 20-F.

Recent high-impact activity:

  • Hepsiburada Files 2025 Annual Report: TRY 5.7B Net Loss, Going Concern Assessment, and Board Slate for Oct 30 Vote
  • Hepsiburada proposes a 19.7% dilutive capital increase, excluding ADS holders
  • Hepsiburada Completes Planned CEO Transition, Appoints New Leadership Structure
  • D-MARKET Q1 Revenue Jumps 22.9%, EBITDA Doubles, But Net Loss Widens to TRY 992M
  • D-MARKET Electronic Services & Trading Reports Strong Q1 Operational Growth and EBITDA Improvement Amid Widening Net Loss

Financial Snapshot

Fiscal year ended December 31, 2025
Revenue
84.65B
Net Income
-5.7B
Diluted EPS
-15.31
Op. Cash Flow
11.28B
Free Cash Flow
8.87B
Operating Income
-2.03B
Cash & Equivalents
11.31B
Debt / Equity
0.00×
Net Margin
-6.7%
Source: 20-F · filed 2026-04-30 · accession 0001104659-26-053195

Short Interest & Short Volume

1.38 days to cover

FINRA reported short interest of 800,236 shares in HEPS as of the September 15, 2026 settlement, a 11.0% decrease from the prior period — about 1.4 days to cover at its recent average daily volume. On October 2, 2026, 54.8% of HEPS volume reported to FINRA trade-reporting facilities was marked short.

Short interest (bi-monthly positions)800,236 shares as of September 15, 2026
Change vs prior period▼ 11.0%
Days to cover1.38 at avg daily volume of 578,229
Daily short volume (FINRA facilities)54.8% of 69,215 shares on October 2, 2026
5-day average short volume36.2%

Daily short sale volume covers trades reported to FINRA trade-reporting facilities and is not the same as short interest (bi-monthly reported positions). Source: FINRA — FINRA is the owner and source of this short interest and short sale volume data; it may not be redistributed.

Dilution Risk

Low risk

Filing-implied dilution signals for HEPS, detected from its recent SEC filings · based on capital-structure filings through 2026-07-14.

19.7% Dilutive Capital Increase Proposed · ADS Holders Excluded from Rights Offering

⚠ A more recent filing has been published for this ticker since this signal was computed; it may not yet be reflected — see the filings below.

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

Insider Transactions

HEPS files as a Foreign Private Issuer (FPI). Under SEC Exchange Act Section 16(a), officers, directors, and 10% owners of FPIs are exempt from Form 4 insider-transaction reporting requirements. Comparable disclosures, when applicable, appear in the company's Form 20-F (annual) or Form 6-K (interim) filings on SEC EDGAR.

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$2.44
52-week range · as of 2026-09-30 $2.15 – $3.33
Market cap
$871.63M
Volume
226.6K (0.5× avg)
3-mo avg 472K
Live data · 2026-10-04 06:59 UTC · Market closed

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feed HEPS - Latest Insights

HEPS
Sep 30, 2026, 4:16 PM EDT
Filing Type: 6-K
Importance Score:
8
Price at Filing: $2.48
Real-time Price: $2.44 info
Change: -$0.040 (-2%) info
Market Cap: $871.63M info
HEPS
Jul 14, 2026, 4:15 PM EDT
Filing Type: 6-K
Importance Score:
8
Price at Filing: $2.95
Real-time Price: $2.44 info
Change: -$0.510 (-17%) info
Market Cap: $871.63M info
HEPS
Jun 30, 2026, 8:00 AM EDT
Filing Type: 6-K
Importance Score:
7
Price at Filing: $2.90
Real-time Price: $2.44 info
Change: -$0.460 (-16%) info
Market Cap: $871.63M info
HEPS
May 07, 2026, 4:44 PM EDT
Source: Reuters
Importance Score:
7
Price at Filing: $2.79
Real-time Price: $2.44 info
Change: -$0.350 (-13%) info
Market Cap: $871.63M info
HEPS
May 07, 2026, 4:15 PM EDT
Filing Type: 6-K
Importance Score:
8
Price at Filing: $2.79
Real-time Price: $2.44 info
Change: -$0.350 (-13%) info
Market Cap: $871.63M info
HEPS
Apr 30, 2026, 5:29 PM EDT
Filing Type: 20-F
Importance Score:
9
Price at Filing: $2.78
Real-time Price: $2.44 info
Change: -$0.340 (-12%) info
Market Cap: $871.63M info
HEPS
Feb 26, 2026, 5:09 PM EST
Source: Reuters
Importance Score:
7
Price at Filing: $2.71
Real-time Price: $2.44 info
Change: -$0.270 (-10%) info
Market Cap: $871.63M info
HEPS
Feb 26, 2026, 4:15 PM EST
Filing Type: 6-K
Importance Score:
8
Price at Filing: $2.71
Real-time Price: $2.44 info
Change: -$0.270 (-10%) info
Market Cap: $871.63M info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets