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Startup Financial Model Template (24-Month, Free .xlsx)
A bottom-up operating model that connects revenue drivers, headcount, and operating expenses to the two numbers that matter: net burn and ending cash. Edit the yellow input cells (new customers, ACV, churn, OpEx) and MRR, ending cash, and net burn recalculate automatically across all 24 months.
Best for: Seed and Series A founders building their first investor-ready model.
What's Inside
- Bottom-up revenue build: new customers, ACV, and churn inputs drive MRR month by month
- Headcount and OpEx sections that flow into net burn
- Formula-driven ending cash and runway, with data bars showing trajectory on MRR, customers, and cash
- Editable yellow inputs everywhere; every other cell recalculates automatically
Like all our templates, it ships as a properly formatted .xlsx with live formulas, freeze panes, and conditional formatting. Yellow cells are editable inputs; everything else recalculates automatically.
How to Use It
- 1Enter your current cash balance and monthly OpEx baseline
- 2Set revenue drivers: expected new customers per month, average contract value, and monthly churn
- 3Add planned hires with start months so payroll flows into burn
- 4Read the outputs: MRR trajectory, net burn, ending cash, and the month cash goes negative
- 5Duplicate the tab for scenarios: base, aggressive hiring, slower revenue
Want the concepts behind the spreadsheet? Financial modeling for startups: the full guide
Frequently Asked Questions
Is this startup financial model template really free?
Yes. The download is a direct .xlsx link with no signup, no email wall, and no watermarks.
Does the financial model template work in Google Sheets?
Yes. Open Google Sheets and use File then Import to load the .xlsx. Formulas, formatting, and data validation carry over. Excel, Apple Numbers, and LibreOffice open it directly.
What time horizon does the model cover?
24 months, which is the horizon most seed and Series A investors expect: long enough to show the path through the next raise, short enough that assumptions stay defensible.
How is this different from a budget template?
A budget allocates spending for a period you have already committed to. This operating model connects revenue drivers, hiring, and spend so you can test decisions before making them, including when you run out of cash under each scenario.
More Free Templates
Templates get you started. When you want the numbers maintained for you, StartupCFO bundles a bookkeeper, CPA, and fractional CFO from $179/mo. See pricing.
