The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same five investor questions from their SEC filings — so the comparison is apples to apples. The method is fully public.
| Measure | RIOT | SBET | MGLD | MSTR |
|---|---|---|---|---|
| Moat Score (0–100) | 37 (highest) | 37 (highest) | 37 (highest) | 36 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 60 (highest) | 57 | 15 | 27 |
| Pricing power | 52 | 35 | 94 | 97 (highest) |
| Returns on capital | 0 | 0 | 23 (highest) | 7 |
| Balance-sheet safety | 28 | 55 (highest) | 28 | 28 |
| Capital allocation | 44 (highest) | 39 | 24 | 24 |
| No price data | No price data | No price data | No price data | |
| Market cap | $5.1B | $62.3M | $84.1M | $39.6B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2026 | FY2025 |