Forecastr Revenue, Valuation & Funding (2024)

Forecastr generated an estimated $2.7M in annual revenue in 2024.

Forecastr reported $1.4 million in annual recurring revenue as of early 2023, equivalent to approximately $120,000 in monthly recurring revenue. One year prior, the company was generating roughly $30,000 per month in MRR, representing a fourfold increase over the twelve-month period.

Forecastr served 550 customers as of early 2023, all on annual subscription contracts. The blended average contract value across the customer base was approximately $1,400 per year at the time of the interview, reflecting discounts extended to partners and the legacy flat-rate pricing that preceded the November 2022 variable pricing launch.

The highest-paying customer was paying $15,000 per year as of early 2023, a tier reserved for companies with more than $500,000 in monthly operating expenses. At that level, the annual fee represents approximately 3 percent of one month's expenses, a ratio Burchett described as intentionally low. Prior to the variable pricing rollout, the highest any customer paid was $2,000 per year under the flat-rate model.

Burchett described the typical Forecastr customer as a seed-stage founder who pays on a company card, with the CFO taking over usage as the company scales to Series A or Series B. The company sells annual subscriptions exclusively and pairs each customer with a financial analyst for white-glove onboarding.

Forecastr generates revenue exclusively through annual software subscriptions, with no month-to-month option. The model combines a SaaS platform with a services-style onboarding layer: each new customer is assigned a financial analyst who helps build the initial model, maps accounting data from tools like QuickBooks, and trains the customer on the platform before transitioning to periodic check-ins.

In November 2022, Forecastr replaced its flat $2,000 annual fee with a variable pricing model based on the customer's monthly operating expenses, an approach Burchett said was inspired by Pry. Pricing is set retroactively using the average of the customer's last three months of expenses to smooth for seasonality. The $15,000 annual tier applies to customers with over $500,000 in monthly expenses, representing roughly 3 percent of one month's costs.

Burchett disclosed a monthly burn rate of approximately $200,000 to $230,000 as of early 2023, with roughly 13 months of runway at that rate, supported in part by existing investors who had already committed capital toward the Series A. Profitability was not discussed in the interview. Gross margin, churn, net revenue retention, LTV, CAC, and free-to-paid conversion metrics were not disclosed.

Forecastr employed 33 people as of early 2023. Burchett described the team as split roughly one-third each across growth, financial analysts, and engineering. All analysts are based in the United States except one, named Phoebe, who is based in the UK. Three of the analysts were previously founders before joining Forecastr.