BM Technologies, Inc. BMTX

Competitive advantage analysis · technology

Software & SaaS Specialized
Overall moat score
31/100
Developing

Ranked against 263 peers in Software - Application

Key risks

  • Lumpy Revenue Trajectory Revenue consistency is weak (score 0.31), suggesting demand may be less recurring than peers.
  • Weak Product Reinvestment R&D commitment lags peers (score 0.22), weakening the innovation moat.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
37
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Recurring Revenue Stickiness

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Signals, strengths and risks for Innovation Engine

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Signals, strengths and risks for Cash Scalability

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Balance Sheet Resilience

Where BMTX ranks in Software - Application

BM Technologies, Inc. ranks #195 of 264 scored companies in Software - Application by moat score — the top 74%. The widest moat in the group is Dave Inc. (DAVE) at 80/100.

# Company Moat score Rating
191 LivePerson, Inc. LPSN 33/100 Developing
192 Earlyworks Co., Ltd. ELWS 32/100 Developing
193 Urgent.ly Inc. ULY 32/100 Developing
194 Ryde Group Ltd. RYDE 31/100 Developing
195 BM Technologies, Inc. BMTX 31/100 Developing
196 SRAX, Inc. SRAX 31/100 Developing
197 Next Technology Holding Inc. NXTT 30/100 Developing
198 Heartcore Enterprises, Inc. HTCR 30/100 Developing
199 Infobird Co., Ltd IFBD 30/100 Developing

See every Software & SaaS company ranked by moat score →

How BMTX scores on the Software & SaaS Specialized defenses

Pricing Power

Score 37 · 20% of the moat score

In software, pricing power is visible in gross margin: a vendor that has to discount in order to renew gives it up first.

Recurring Revenue Stickiness

Score 24 · 18% of the moat score

Recurring revenue is the model's central claim, and it is a moat only when customers renew and expand without being re-sold each year.

Innovation Engine

Score 20 · 16% of the moat score

Software is competed away rather than depreciated, so a vendor that stops investing loses its category.

Cash Scalability

Score 33 · 18% of the moat score

The test of a software business is whether growth eventually stops consuming cash.

Capital Efficiency

Score 20 · 16% of the moat score

A software platform employs very little capital, so a genuine franchise should produce high returns on it without leverage.

Balance Sheet Resilience

Score 50 · 12% of the moat score

Software companies fund years of customer acquisition before those customers pay back, which makes access to capital a strategic variable rather than a treasury detail.

How each Software & SaaS Specialized defense is measured, in full →

Understanding BMTX's moat

What is BM Technologies, Inc.'s moat score?

BM Technologies, Inc. (BMTX) scores 31 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #195 of 264 scored companies in Software - Application, the top 74%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 263 companies in Software - Application. Its strongest defense is Balance Sheet Resilience (50/100) and its weakest is Innovation Engine (20/100).

How does BM Technologies, Inc. compare with other Software - Application companies?

BM Technologies, Inc. ranks #195 of 264 scored companies in Software - Application by moat score. The widest moat in Software - Application is Dave Inc. (DAVE) at 80/100. The companies ranked closest are Ryde Group Ltd. (RYDE) at 31 just above it and SRAX, Inc. (SRAX) at 31 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Software & SaaS Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 263 companies in Software - Application. The defenses are then weighted to produce the overall score out of 100.

Why is BM Technologies, Inc. scored with the Software & SaaS Specialized template?

Software costs almost nothing to reproduce, so the entire economic question is whether customers keep paying. Revenue is a subscription rather than a sale, the cost of winning a customer is paid years before that customer becomes profitable, and margins arrive only if renewals hold. The Software & SaaS template scores retention, reinvestment, and the point at which growth turns into cash.

Which competitive defenses are measured for BM Technologies, Inc.?

The Software & SaaS Specialized template measures 6 defenses, and BMTX scores: Pricing Power (37), Recurring Revenue Stickiness (24), Innovation Engine (20), Cash Scalability (33), Capital Efficiency (20), Balance Sheet Resilience (50). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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