Tech & Software
Live ARR/MRR waterfall, non-dilutive RBF on contracted revenue, real-time burn and runway, and SaaS spend control — built for venture-backed finance teams running on weekly board updates.
For tech finance teams
Tech finance lives and dies on ARR mechanics — new, expansion, churn, contraction — and on the runway question. Theorem holds the ARR/MRR waterfall directly in AR, exposes burn and runway in real time in FP&A, and underwrites RBF advances against churn-adjusted ARR.
SaaS subscription spend runs through corporate cards with MCC controls and live GL coding. Cyber insurance underwrites against the technology asset inventory. Contractor and gig-worker instant pay closes the loop for marketplace and platform business models.
Value
Three pillars
Built for venture-backed finance.
ARR mechanics, runway clarity, non-dilutive funding — the things tech finance teams actually need.
Live ARR & Runway
ARR/MRR waterfall — new, expansion, churn, contraction — sits directly in AR. Burn and runway derive in real time in FP&A. Board updates write themselves; the question of "what is our actual runway" stops being a Friday-night spreadsheet exercise.
Non-Dilutive RBF
Advance against churn-adjusted ARR with repayment as a percentage of monthly collections. Decisions in under 48 hours, drawn from data already in your platform. Runway extends without dilution.
SaaS Spend & Cyber
Corporate cards with MCC controls and live GL coding for the inevitable SaaS sprawl. Cyber insurance underwrites against the technology asset inventory. Contractor instant pay closes the loop for marketplace and platform models.
Agents in action
SaaS finance, end to end.
Agents that maintain ARR, model runway, draw RBF, and control SaaS spend — with full audit trails on every event.
From ARR to runway in seconds
A QBR or board update triggers ARR waterfall, RBF advance, and runway model agents that resolve in parallel — answers ready before the meeting starts.
Forecasts that learn your cohorts
Every cohort, churn event, and expansion booking feeds back into the model. ARR forecasts and runway projections sharpen with each quarter.
Encode ARR waterfall, cohort retention, burn drivers, and SaaS subscription spend into structured signals.
Tune RBF and runway modeling to your business model — bottom-up SaaS, PLG, marketplace, infrastructure.
Update the waterfall, draw RBF, model runway, and bind cyber with full audit logging.
Each quarter sharpens cohort forecasts, advance sizing, and runway accuracy.
Runway, ARR, RBF — in one platform.
See how Theorem turns ARR mechanics into runway clarity and non-dilutive funding.