💼  Gross LTV (Customer Lifetime Value)

Gross LTV (Customer Lifetime Value)#

Total expected revenue from a customer before any cost deductions.

Important

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What it is#

Gross LTV is the total revenue a customer is expected to generate over their lifetime, before subtracting any cost of serving them. It is the top-line view of customer value — “how much will this customer pay us in total?”, not “how much profit do we keep?”.

Formula#

\[\text{Gross LTV} = \text{ARPU} \times \text{Customer Lifetime},\]

where ARPU is average revenue per user per period and customer lifetime is the average time a customer stays — commonly estimated as \(1/\text{churn rate}\).

Worked example#

With ARPU = $50/month and 5% monthly churn, the expected lifetime is \(1/0.05 = 20\) months, so

\[\text{Gross LTV} = 50 \times 20 = 1{,}000.\]

Each customer pays about $1,000 in total revenue over their average lifetime.

Gross vs Net LTV#

Gross LTV counts revenue only; Net (Contribution) LTV multiplies it by gross margin to get profit, e.g. at 70% margin \(1{,}000 \times 0.7 = 700\). Gross LTV is the optimistic number; Net LTV is the one to compare against CAC.

When it’s used (and its limits)#

Gross LTV gives a quick, high-level read and is handy for early-stage companies that lack detailed cost data. Two caveats matter:

  • It ignores cost of goods sold, so it overstates true value — finance teams prefer Net LTV.

  • The \(1/\text{churn}\) lifetime assumes a constant churn rate; real retention curves flatten over time, so survival analysis or cohort retention curves give a more accurate lifetime.


Theme: Business & Growth Analytics  ·  All terminology



See also

Source article Adapted (context, re-expressed) in our own words from: Gross LTV (Customer Lifetime Value) (insightful-data-lab.com).

Tags: purpose: reference topic: terminology level: intermediate