Welcome to the new site. Problems, use store.hemrock.com

Inside the Standard Financial Model

Sheet-by-sheet reference: every input, formula, and output. Use this to scan the model before purchase, or as a cell-level reference when editing with AI.

19 sheets7 sections

How to read this

Cells are referenced by R<row>/<column><row> notation. R9/E9 means column E, row 9. R38–R45 is a block of inputs spanning those rows. Multi-column ranges like D39–J39 mean the same row across several columns. Types: INPUT = user-edited, FORMULA = calculated, DROPDOWN = select from list.

Standard Financial Model Sheet Map

Sheets (19)

README, License, Disclaimer, Get Started, Summary, Snapshot, Key Metrics, Key Reports, Revenues, Forecast, Hiring Plan, Statements, Sources & Uses, Unit Economics, Budget, Breakdown, Model Comparison, Glossary, Changelog

Get Started Sheet (B1:G154): Core Input Sheet

Model Structure (R6-R14)

Row Label Type Default
R9/D9 Company Name INPUT "Company"
R10/D10 Base Timescale DROPDOWN "monthly"
R11/D11 # of periods INPUT 72 (6 years)
R12/D12 Date of first period INPUT Jan 2026
R13/D13 Fiscal year end FORMULA Dec 2026
R14/D14 Relative/absolute dates DROPDOWN "absolute"

Revenue Assumptions (R17-R58): The Key Section

Row Label Type Default
R20/D20 Growth metric name INPUT "Growth Units"
R21/D21 Revenue metric name INPUT "Revenue Units"
R22/D22 Revenue model type DROPDOWN "recurring"
R26/D26 New Growth Units month 1 INPUT (#) 100
R27/D27 Growth start date INPUT =D12
R28/D28 Initial growth rate INPUT (%) 10%
R29/D29 Growth rate deceleration INPUT (%) -5%
R30/D30 Use seasonality DROPDOWN "yes"
R31/D31 Viral coefficient (K) INPUT (#) 1.2
R34/D34 CPA per paid Growth Unit INPUT ($) 0
R35/D35 % acquired through paid INPUT (%) 0
R36/D36 Use Outbound Sales DROPDOWN "no"
R40/D40 Conversion rate INPUT (%) 10%
R41/D41 Conversion lag months INPUT (#) 0
R44/D44-E44 Segment names INPUT "Segment 1", "Segment 2"
R45/D45-E45 % to each segment INPUT (%) 50%/50%
R46/D46-E46 Churn rate INPUT (%) -10% each
R47/D47-E47 Churn period months INPUT (#) 1 (monthly)
R53/D53-E53 Starting Revenue Units INPUT (#) 0
R54/D54-E54 Avg Revenue per Unit INPUT ($) $10
R55/D55-E55 Billing period months INPUT (#) 1
R56/D56-E56 % billed upfront INPUT (%) 100%

Revenue Model Types (R61-R70)

D22 selects from: recurring, ecommerce, marketplace, advertising, financial services, top down, not applicable

Balance Sheet (R73-R97)

Row Label Type Default
R76/D76 Cash on hand beginning INPUT ($) 0
R76/C76 Currency symbol INPUT "$"
R79/D79 Auto revenue recognition DROPDOWN "yes"
R83/D83 Auto cash collection DROPDOWN "yes"
R84/D84 Days AR INPUT (#) 0
R93/D93 Depreciation months INPUT (#) 36
R97/D97 Interest income rate INPUT (%) 0

Debt (R99-R103)

Row Label Type Default
R100/D100 Annual interest rate INPUT (%) 0
R101/D101 Repayment term months INPUT (#) 0
R102/D102 Interest-only months INPUT (#) 0

Taxes (R105-R109)

Row Label Type Default
R106/D106 Corporate tax rate INPUT (%) 0
R107/D107 Tax schedule DROPDOWN "quarterly"
R108/D108 VAT rate INPUT (%) 0

Valuation (R118-R126)

Row Label Type Default
R120/D120 WACC/NPV discount rate INPUT (%) 8%
R121/D121 Long-term growth rate INPUT (%) 4%
R124/D124 Multiple base DROPDOWN "revenues"
R125/D125 EV multiple INPUT (#) 0
R126/D126 % weight for multiple INPUT (%) 50%

Seasonality (R128-R143)

R131-R142: Monthly % change inputs (Jan-Dec), R143 = sum check

Model Checks (R146-R153)

All FORMULA returning yes/no

Revenues Sheet (B1:CU1174): Revenue Engine

Structure

Duplicated for Segment 1 and Segment 2. Contains:

  • Outbound Sales cohorts (R20-R100)
  • Growth Units cohorts (R103-R195)
  • Conversion calculations (R199-R210)
  • Revenue Units retention cohorts (R212-R373)
  • Revenue calculations per model type (R375-R691)
  • MRR metrics (R679-R691)
  • Segment 2 repeats (R693-R1172)

Key INPUT rows (can be overwritten per month in cols AB-CU)

  • R22: New sales hires per period
  • R99: Growth Units per ramped sales person
  • R114: Manual growth adjustments
  • R202: Manual conversion adjustments
  • R378+: Per-month average revenue overrides

Formulas to Never Touch

  • Cohort tracking matrices (monthly retention/billing cohorts)
  • Revenue recognition calculations
  • MRR build calculations

Forecast Sheet (B1:CU689): Forecast Engine

Driver System (per row, columns K-X)

Column Purpose
K Initial Value
L Starts in period #
M Repeats every N months
N Changing based on ("...", "% of", "# per", "% change", "# change")
O Changes every N months
P Changing by % or #
Q Using Driver (references another row label)
R Max N months
S Max value
U-X Use Seasonality/Event/Custom/Escalation (true/false)

Main Input Area (R20-R96)

Section Rows Notes
Operating Metrics R25-R34 Growth/Revenue Units from Revenues sheet; Salaries from Hiring Plan
Fundraising R37-R39 3 equity investment rows
Revenues & Billings R42-R47 Rev Cat 1-2 from Revenues; Cat 3 is INPUT
Hiring Plan R50-R65 Salaries + Benefits from Hiring Plan sheet
Operating Expenses R68-R95 Acquisition/Retention from Revenues; COGS, expenses via drivers

Calculated Sections (all FORMULA)

Section Rows Purpose
Forecast by Category R99-R162 Aggregates into standard categories
Actuals by Category R165-R228 INPUT area for actual financial data
Actuals + Forecast R231-R294 Merged view flowing to Statements
Burn/Runway R309-R387 Net burn, runway months, cash projection matrix
Revenue Recognition R389-R405 Deferred revenue, AR
Depreciation/Amort R407-R429 Schedules
Debt Repayment R431-R586 Monthly principal + interest
Tax Schedules R593-R611 Corporate + VAT
Inventory R613-R639 Purchase/disposal calcs
MRR/ARR Metrics R651-R674 Monthly/annual recurring revenue
Valuation R676-R688 DCF + Multiple methods

Hiring Plan Sheet (B1:CU58)

  • R24: Outbound Sales Staff (FORMULA from Revenues)
  • R25: CEO row (INPUT: salary, category)
  • R26-R55: 30 TBD hire rows (INPUT)
  • Same driver system as Forecast (cols K-X)
  • Category dropdown: R&D, Sales, G&A, Misc SG&A
  • Segment dropdown: Unallocated, Segment 1, Segment 2

Statements Sheet: all FORMULA

Three monthly GAAP statements stacked on one sheet, built from the Actuals-plus-Forecast block on the Forecast sheet (R231-R294). Output only, nothing to edit here. Period headers (R4-R8) pull straight from the Forecast.

Income Statement (R11-R40)

Rows Lines
R13-R14 Revenues, % Growth
R16 COGS
R18-R19 Gross Margin, Gross Margin % of Revenues
R21-R22 SG&A, % of Revenues
R24-R25 Operating Income (EBITDA), % of Revenues
R27-R32 Depreciation, Amortization, Interest Income, Interest Expense, Other Income, Other Expense
R34 Earnings before Taxes (EBT)
R36 Taxes
R38-R40 Net Income (Loss), Cumulative Net Income, % of Revenues

Balance Sheet (R43-R88)

Section Rows Lines
Assets R45-R59 Cash, Accounts Receivable, Inventory, Prepaid Expense, Other Current Assets, Total Current Assets; PP&E, Accumulated Depreciation, Total Fixed Assets; Other Assets, Accumulated Amortization; Total Assets
Current Liabilities R61-R70 Accounts Payable, Inventory AP, Deferred Revenue Liability, Accrued Liabilities, Corporate Tax Payable, VAT Payable, Working Capital Loan Facility, Total Current Liabilities
Noncurrent Liabilities R72-R77 Convertible Notes and SAFEs, Debt Financing, Accrued Interest, Total Noncurrent Liabilities
Stockholders Equity R79-R85 Owners Equity, Equity Investment, SAFE Investment, Retained Earnings, Net Income (Loss), Total Stockholders Equity
Check R87-R88 Total Liabilities and Shareholder's Equity, and a balance Check row

Statement of Cash Flows (R91-R120)

Section Rows Lines
Operations R93-R100 Cash beginning of period; Net Income, add back Depreciation, Amortization, Changes in Working Capital; Net Cash Flow from Operations
Investing R102-R105 CAPEX, Other Assets, Net Cash Flow from Investing
Financing R107-R116 Change in Equity / SAFE / Convertible Debt investments, New Debt Financing, Changes in Owners Equity, Dividends and Distributions, Debt Repayment, Draw (Repayment) on Working Capital Line, Net Cash Flow from Financing
Reconciliation R118-R120 Net Cash Flow, Cash End of Period

Other Sheets (all FORMULA)

All output sheets, built from Forecast and Statements. Nothing to edit; useful as ready-made views.

Summary

Annual rollup (5 years), built from the Forecast via SUMIFS by fiscal year. A condensed income statement (Revenues with Y/Y growth and growth multiple, COGS, Gross Margin, SG&A with the four SG&A category lines, EBITDA, D&A, Interest, Other, Taxes, Net Income, each with % of revenue), then an annual Statement of Cash Flows (operations / investing / financing rolling to cash end of period), then an annual Balance Sheet.

Snapshot

A single-period cash view (R2-R24): cash beginning of period, then Revenues, gross margin, other income and expenses, corporate taxes, changes in working capital, net cash flows from investing and financing, ending at cash end of period. The "As of" period (R4) is selectable.

Key Metrics (R2-R34)

SaaS KPIs by year. ARR build (beginning, new ARR, expansion ARR, churn, contraction, ending ARR, Y/Y growth), Net New ARR, ARR per head, SaaS Magic Number, Rule of 40, then acquisition economics: average revenue and gross margin per unit, CAC (paid-only and blended), CAC payback months, CAC Ratio, LTV:CAC, and Customer Lifetime Value (pulled from the Unit Economics sheet).

Unit Economics (R2-R138)

Per-unit LTV, CAC, and payback, driven from the Get Started revenue and churn inputs. Inputs block (revenues, cost of sales, discounts, churn and growth, discount rate, acquisition and retention costs) feeds the headline LTV by type (recurring, one-time, transaction), total LTV, LTV/CAC, and CAC payback (R49-R54). Below that, a month-by-month per-unit cash flow detail (R56-R138) builds the LTV: revenues, cost of sales, discounts, billings, acquisition and retention costs net of churn, then cumulative discounted gross margin and the % of LTV realized over time.

Budget (R2-R46)

Budget versus Actuals variance for a selectable period (start and end month at R5-R6). Same P&L shape as the income statement, with a Budget column (from the Forecast block) and an Actuals column (from the Actuals block) side by side, down to Net Income.

Breakdown (R2-R50)

Segment-level P&L for a selectable year (R2). Full income statement (Revenues through Net Income) split by segment, with % of revenue and % of total columns, using SUMPRODUCT against the segment tag on the Forecast input rows.

Sources & Uses (R2-R27)

Funding deployment over a selectable month range (R5-R6). Sources (external funding, revenues) and Uses (the SG&A and expense categories from the Forecast, plus working capital as the balancing item), each shown in dollars and as a percent of the total.

Cross-Sheet References

Get Started → Revenues (growth, conversion, churn, pricing, seasonality)
Get Started → Forecast (timescale, balance sheet, tax, valuation)
Get Started → Unit Economics (revenue per unit, churn)
Revenues → Forecast R25-R28 (operating metrics)
Revenues → Forecast R42-R45 (revenue/billings)
Revenues → Forecast R68-R69 (acquisition/retention costs)
Hiring Plan → Forecast R50-R59 (salaries by category)
Forecast (R231-R294) → Statements
Statements → Summary (annual via SUMIFS)

Ready to put this to work?

View the Standard Financial Model