About Burn Multiple
Updated 2026-11-07
Burn Multiple is a free calculator for one ratio: net burn divided by net new ARR. It reads the result against David Sacks's published bands and L40's medians by ARR band, and it shows the net new ARR or net burn that is enough to reach the next band. It runs in your browser.
Who runs it
The site is operated by GrowthMarketer, LLC, a Delaware limited liability company. Questions and corrections go through Contact.
Where the figures come from
Bands come from Sacks's 2020 post. Medians come from L40, Grid and a 2022 Capchase study read through MetricHQ. Benchmarks lists each source with its date and sample, and the footer of every page carries the date the sources were last checked.
How it earns
It links to three tools that keep the inputs current. How we make money states the relationship with each one and how the three were chosen.
Who it is for
A SaaS founder or finance lead at a venture-backed startup with ARR, who has this period's numbers and a board or investor update coming. It does not work for a company with no revenue yet, because net new ARR is then zero and the ratio does not compute.
No affiliation
Burn multiple is a metric introduced by David Sacks. This site is not affiliated with or endorsed by David Sacks, Craft Ventures or any company named here. Product names belong to their owners.