Burn rate and burn multiple for early-stage and growth businesses.
In high-growth businesses, burn rate is the single most important cash metric — and the one most frequently misunderstood or misreported. Confusing gross burn and net burn, or failing to account for committed future spend, leads to catastrophic surprises.
We build rigorous burn analysis frameworks that distinguish gross and net burn, model committed future expenditure, and track burn against milestones.