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SaaS Magic Number calculator

Compute the SaaS Magic Number (sales efficiency) — annualized new ARR divided by sales + marketing spend, the gold standard sales efficiency metric.

Magic Number

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  • Gross Magic Number2.17
  • Quarterly net new ARR$1,300,000
  • Annualized new ARR$5,200,000

Magic Number — SaaS efficiency in one number

Created by Scale Venture Partners ~2008. The Magic Number measures sales efficiency:

Magic Number = annualized new ARR ÷ S&M spend

A Magic Number of 1.0 means every $1 of S&M generated $1 of net new ARR over a 4-quarter horizon (annualized).

The benchmarks

  • >1.5: best-in-class. Push more capital into S&M; the business will absorb it efficiently.
  • 0.75 - 1.5: healthy. Continue investing.
  • 0.5 - 0.75: marginal. Optimize S&M before scaling.
  • <0.5: bad. Don't add fuel; fix the burning car.

Why annualized?

Sales + marketing spent in Q1 produces ARR over many quarters (sales cycle + retention tail). Annualizing the quarterly net new ARR captures the multi-quarter value.

Limitations

  • Ignores churn-driven contraction: a company can have great new ARR magic with terrible retention (gross-revenue-retention < 90%). Pair with NRR for full picture.
  • Lags reality: by the time Magic Number drops, the underlying problem has been brewing for 2-3 quarters.
  • Confounded by mix: enterprise contracts close lumpy; one Q can spike Magic Number, next Q goes flat.

Public-company examples (rough recent)

  • Cloudflare: ~1.0
  • Datadog (peak): ~1.8
  • Salesforce (mature): ~0.6
  • Atlassian: ~1.5 (low S&M model)

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