月次経常収益(MRR)
Monthly Recurring Revenue (MRR) / マンスリー・リカーリング・レベニュー
Monthly recurring revenue (MRR) is recurring subscription revenue normalized to a monthly amount. It reveals growth, expansion, contraction, and churn faster than ARR.
Monthly recurring revenue (MRR) is the monthly value of active recurring contracts. Monthly plans are counted directly, annual contracts are usually divided by 12, and one-time services or temporary usage spikes are excluded. MRR is the monthly operating view behind ARR, making pricing, onboarding, churn, and expansion changes visible sooner.
MRR sums active recurring revenue normalized to a monthly basis. Operators usually explain movement through a New, Expansion, Contraction, and Churn MRR bridge. Basic formula | MRR = sum of active monthly recurring revenue | Measures the current monthly recurring base Annual contract | annual contract value / 12 | Normalizes different billing periods MRR bridge | starting MRR + New MRR + Expansion MRR - Contraction MRR - Churn MRR = ending MRR | Explains what changed
| Lens | Formula / treatment | When to use it |
|---|---|---|
| Basic formula | MRR = sum of active monthly recurring revenue | Measures the current monthly recurring base |
| Annual contract | annual contract value / 12 | Normalizes different billing periods |
| MRR bridge | starting MRR + New MRR + Expansion MRR - Contraction MRR - Churn MRR = ending MRR | Explains what changed |
MRR should represent recurring monthly revenue, not cash collected or total recognized revenue. Include | Monthly plans, annual contracts divided by 12, recurring seats, recurring plan upgrades | They repeat monthly Exclude | Setup fees, one-time services, taxes, refunds, temporary overages, cash collections | They are not the recurring base Define carefully | Mid-month starts, discounts, dormant accounts, usage-based revenue, contracted but unbilled revenue | Company policy can vary
| Item | Treatment | Why it matters |
|---|---|---|
| Include | Monthly plans, annual contracts divided by 12, recurring seats, recurring plan upgrades | They repeat monthly |
| Exclude | Setup fees, one-time services, taxes, refunds, temporary overages, cash collections | They are not the recurring base |
| Define carefully | Mid-month starts, discounts, dormant accounts, usage-based revenue, contracted but unbilled revenue | Company policy can vary |
MRR moves with new customers, expansion, downgrades, churn, and pricing changes. New MRR | New customers increase MRR | Read with CAC and sales productivity Expansion MRR | Existing customers add seats or upgrade | Shows product value and upsell potential Contraction MRR | Existing customers downgrade or reduce seats | Signals adoption or value issues Churn MRR | Cancellations reduce MRR | Shows recurring revenue leakage
| Driver | Metric impact | What to watch |
|---|---|---|
| New MRR | New customers increase MRR | Read with CAC and sales productivity |
| Expansion MRR | Existing customers add seats or upgrade | Shows product value and upsell potential |
| Contraction MRR | Existing customers downgrade or reduce seats | Signals adoption or value issues |
| Churn MRR | Cancellations reduce MRR | Shows recurring revenue leakage |
Detects operating changes earlier than ARR. Shows whether the team should prioritize acquisition, expansion, or churn reduction. Sets the revenue baseline for hiring, marketing, and customer success investment.
- Detects operating changes earlier than ARR.
- Shows whether the team should prioritize acquisition, expansion, or churn reduction.
- Sets the revenue baseline for hiring, marketing, and customer success investment.
- MRR is normalized recurring revenue, not cash collected.
- ARR is the annual lens; MRR is better for monthly movement.
- An MRR bridge explains why the number changed.
- One-time revenue distorts MRR growth and churn analysis.
- Discount and mid-period rules need a written company definition.
MRR is useful for operations, but it does not directly prove profitability or cash collection. Growing MRR can still be unhealthy if gross margin or CAC payback is poor. Do not confuse annual prepayment or billing timing with MRR. Usage-based revenue needs clear separation between committed recurring revenue and temporary overage.
- Growing MRR can still be unhealthy if gross margin or CAC payback is poor.
- Do not confuse annual prepayment or billing timing with MRR.
- Usage-based revenue needs clear separation between committed recurring revenue and temporary overage.
Read MRR with ARR, churn, NRR, ARPU, and CAC. ARR | Annual recurring revenue | Converts the same base into annual planning Churn Rate | Customer or revenue loss | Shows leakage from MRR NRR | Existing-customer revenue retention | Shows whether MRR grows without new customers ARPU / CAC | Price level and acquisition cost | Explains growth quality and efficiency
| Metric | Role | Why read together |
|---|---|---|
| ARR | Annual recurring revenue | Converts the same base into annual planning |
| Churn Rate | Customer or revenue loss | Shows leakage from MRR |
| NRR | Existing-customer revenue retention | Shows whether MRR grows without new customers |
| ARPU / CAC | Price level and acquisition cost | Explains growth quality and efficiency |
A SaaS company starts the month with $500k MRR. It adds $60k of New MRR and $25k of Expansion MRR, but loses $15k to contraction and $40k to churn. Ending MRR is $530k. The headline is positive, but the bridge shows existing-customer leakage is meaningful, so leaders prioritize onboarding and large-account adoption rather than only adding more sales capacity.
MRR | Monthly recurring revenue | Tracks short-cycle movement ARR | Annual recurring revenue | Better for annual planning and investor communication Revenue | Accounting revenue in a period | Can include non-recurring items and recognition timing Bookings | Contracted order value | Does not separate recurring from one-time value CMRR | Contracted future MRR | Includes scheduled known changes
| Metric | Difference | Why read together |
|---|---|---|
| MRR | Monthly recurring revenue | Tracks short-cycle movement |
| ARR | Annual recurring revenue | Better for annual planning and investor communication |
| Revenue | Accounting revenue in a period | Can include non-recurring items and recognition timing |
| Bookings | Contracted order value | Does not separate recurring from one-time value |
| CMRR | Contracted future MRR | Includes scheduled known changes |
- MRR equals cash collected this month. Annual prepayments and collections timing should be tracked separately.
- MRR growth proves health. High churn or contraction can make the growth fragile.
- Annual contracts should be counted fully in MRR. They are normally divided by 12.
How should annual contracts be counted in MRR?
Usually divide the annual recurring contract value by 12. MRR should reflect normalized recurring revenue, not invoice timing.
Do setup fees count as MRR?
Usually no. They are non-recurring and should be kept outside the recurring revenue base.
Should I use MRR or ARR?
Use MRR for monthly operations and ARR for annual planning or external communication. Both should come from the same recurring revenue definition.