Sharplink, Inc. operates as an institutional-grade Ethereum treasury platform that provides public market investors with exposure to ETH. The platform focuses on Ethereum, which is used in various stablecoin, tokenized real-world asset, and decentralized finance settlement applications. The company also provides online affiliate marketing service. The company was formerly known as SharpLink Gaming, Inc. and changed its name to Sharplink, …
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Competitive advantage assessment
Key risks
ROIC Below WACC or PeersROIC at 14.3th percentile suggests inefficient capital deployment.
Revenue Volatility Signals Weak StickinessRevenue volatility is high (stability score 0.07), suggesting weak customer stickiness.
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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SharpLink Gaming, Inc. ranks #15 of 20
scored companies in Gambling by moat score — the top 75%.
The widest moat in the group is Super Group (SGHC) Limited (SGHC)
at 73/100.
Moat scores for companies ranked near SBET in Gambling
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 7
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 7
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 11
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 35
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 23
· 15% of the moat score
Scale matters only when it converts into economics.
SharpLink Gaming, Inc. (SBET) scores 14 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #15 of 20 scored companies in Gambling, the top 75%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 19 companies in Gambling. Its strongest defense is Resilience (35/100) and its weakest is Cost Advantage (7/100).
How does SharpLink Gaming, Inc. compare with other Gambling companies?
SharpLink Gaming, Inc. ranks #15 of 20 scored companies in Gambling by moat score. The widest moat in Gambling is Super Group (SGHC) Limited (SGHC) at 73/100. The companies ranked closest are High Roller Technologies, Inc. (ROLR) at 16 just above it and PlayAGS, Inc. (AGS) at 0 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default 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 19 companies in Gambling. The defenses are then weighted to produce the overall score out of 100.
Why is SharpLink Gaming, Inc. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for SharpLink Gaming, Inc.?
The Corporate Default template measures 6 defenses, and SBET scores: Pricing Power (10), Cost Advantage (7), Customer Stickiness (7), Capital Efficiency (11), Resilience (35), Scale & Market Position (23). 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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