VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Friday, January 2, 2026

Stock Comparison

Adyen N.V. vs reAlpha Tech Corp.

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

Adyen N.V.

ADYEN · Euronext Amsterdam

Market cap (USD)$43.8B
Gross margin (TTM)80.8%
Operating margin (TTM)40%
Net margin (TTM)35.1%
SectorFinancials
IndustrySoftware - Infrastructure
CountryNL
Data as of2025-12-28
Moat score
63/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Adyen N.V.'s moat claims, evidence, and risks.

View ADYEN analysis

reAlpha Tech Corp.

AIRE · Nasdaq Capital Market

Market cap (USD)$58.1M
Gross margin (TTM)
Operating margin (TTM)
Net margin (TTM)
SectorReal Estate
Industry
CountryUS
Data as of2026-01-02
Moat score
42/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into reAlpha Tech Corp.'s moat claims, evidence, and risks.

View AIRE analysis

Comparison highlights

  • Moat score gap: Adyen N.V. leads (63 / 100 vs 42 / 100 for reAlpha Tech Corp.).
  • Segment focus: Adyen N.V. has 3 segments (58.4% in Digital); reAlpha Tech Corp. has 2 segments (83.5% in Homebuying Platform & Transaction Services).
  • Primary market structure: Oligopoly vs Competitive. Pricing power: Moderate vs Weak.
  • Moat breadth: Adyen N.V. has 6 moat types across 4 domains; reAlpha Tech Corp. has 4 across 2.

Primary market context

Adyen N.V.

Digital

Market

Enterprise payment processing and acquiring for online/digital commerce

Geography

Global

Customer

Enterprise merchants and digital-native businesses

Role

PSP / gateway + processor + (direct or indirect) acquiring enablement

Revenue share

58.4%

reAlpha Tech Corp.

Homebuying Platform & Transaction Services

Market

Integrated U.S. residential real estate transaction services platform (brokerage + mortgage + title)

Geography

United States

Customer

Homebuyers

Role

Transaction intermediary / service provider

Revenue share

83.5%

Side-by-side metrics

Adyen N.V.
reAlpha Tech Corp.
Ticker / Exchange
ADYEN - Euronext Amsterdam
AIRE - Nasdaq Capital Market
Market cap (USD)
$43.8B
$58.1M
Gross margin (TTM)
80.8%
n/a
Operating margin (TTM)
40%
n/a
Net margin (TTM)
35.1%
n/a
Sector
Financials
Real Estate
Industry
Software - Infrastructure
n/a
HQ country
NL
US
Primary segment
Digital
Homebuying Platform & Transaction Services
Market structure
Oligopoly
Competitive
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Weak
Moat score
63 / 100
42 / 100
Moat domains
Network, Demand, Legal, Supply
Demand, Legal
Last update
2025-12-28
2026-01-02

Moat coverage

Shared moat types

Data Workflow LockinCompliance AdvantageSuite BundlingSwitching Costs General

Adyen N.V. strengths

Data Network EffectsOperational Excellence

reAlpha Tech Corp. strengths

No unique moat types yet.

Segment mix

Adyen N.V. segments

Full profile >

Digital

Oligopoly

58.4%

Unified Commerce

Competitive

30.6%

Platforms

Oligopoly

11%

reAlpha Tech Corp. segments

Full profile >

Homebuying Platform & Transaction Services

Competitive

83.5%

AiChat Conversational AI SaaS

Competitive

16.5%

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

View the moat stocks list

Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.