The metric investors ask about first

Customer Lifetime Value (LTV) Benchmarks

LTV tells you how much a customer is worth. LTV:CAC tells you if acquiring them makes sense. Most companies get the first part right and the second part wrong.

SMB LTV
$15K-$40K
Enterprise LTV
$300K-$1M+
Target LTV:CAC
3:1+
Median LTV:CAC
3.2:1
TL;DR

B2B SaaS Customer Lifetime Value (LTV) benchmarks: SMB $15K-$40K, Mid-Market $80K-$200K, Enterprise $300K-$1M+. The real benchmark isn't LTV alone—it's LTV:CAC ratio. Target: 3:1 minimum, 5:1+ for efficiency. Median B2B SaaS LTV:CAC is 3.2:1. Payback period matters more than absolute LTV for cash-constrained companies. Source: Optifai Sales Ops Benchmark 2025 (N=612 companies with cohort data).

📉 See how churn impacts your LTV

Related Resources

LTV:CAC Ratio Tiers

<2:1
Danger Zone

You're spending too much to acquire customers who don't stay long enough. Either CAC is bloated (inefficient sales/marketing) or LTV is suppressed (high churn, no expansion). Fix before scaling.

2-3:1
Acceptable, Not Great

Many early-stage companies operate here while finding product-market fit. Sustainable if you have capital, but limits growth reinvestment. Focus on retention improvements before scaling acquisition.

3-5:1
Healthy

Sweet spot for most B2B SaaS. Enough margin to reinvest in growth while maintaining profitability. Investors like to see this range at Series A and beyond.

>5:1
Excellent (or Under-investing)

Great efficiency—but question whether you're leaving growth on the table. Could you spend more on acquisition and still maintain 3:1? High LTV:CAC sometimes signals you should be more aggressive.

The LTV Myth: When Projections Lie

Here's what pitch decks don't show: most LTV calculations are based on projected customer lifespans, not actual data. A company with 6 months of history projecting 5-year LTV is guessing.

Why Simple LTV Formulas Fail

  • 1.Churn isn't constant. Early-stage customers churn faster than mature ones. Month 1-6 churn rate ≠ month 24-36.
  • 2.Expansion is lumpy. Not all customers expand. The ones who do often expand dramatically. Averages mislead.
  • 3.Cohort quality varies. Your Q1 cohort from Product Hunt launch behaves differently than Q3 enterprise cohort.
  • 4.Market conditions change. 2021 SaaS retention patterns don't predict 2024 behavior.

What to Do Instead

Track cohort LTV by signup month for at least 12 months before projecting. Use observed data, not formulas. If you must project, apply a 30% haircut to account for uncertainty. Investors who've seen enough decks will do this anyway.

LTV Benchmarks by Customer Segment

🏢

SMB

$15K-$40K

2-3 year lifespan typical. Lower ACV but faster acquisition. Volume game.

🏛️

Mid-Market

$80K-$200K

3-5 year lifespan. Balance of volume and value. Sweet spot for many.

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Enterprise

$300K-$1M+

5-7+ year lifespan. Multi-year contracts. Expansion can 3x initial deal.

Note: These ranges assume healthy retention (monthly churn <2% for SMB, <1% for Enterprise). Poor retention can cut LTV by 50% or more.

Why Payback Period Matters More Than LTV

For cash-constrained startups, a $50K LTV customer who takes 24 months to pay back CAC is worse than a $30K LTV customer who pays back in 8 months. Cash flow trumps theoretical lifetime value.

MetricCustomer ACustomer B
LTV$50,000$30,000
CAC$15,000$6,000
LTV:CAC3.3:1 ✓5:1 ✓✓
Monthly Revenue$1,200$800
Payback Period15.6 months9.4 months
Cash Available for ReinvestmentSlowerFaster

Target payback: <12 months for SMB, <18 months for Mid-Market, <24 months for Enterprise.

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Update History

Data last updated: November 25, 2025

v1.0November 25, 2025
  • Initial release of LTV benchmark page
  • LTV:CAC ratio tiers with actionable guidance
  • Added "The LTV Myth" section on projection pitfalls
  • Payback period comparison analysis
  • Data from 612 B2B SaaS companies with cohort tracking

Impacted metrics:

LTV by segmentLTV:CAC ratio distribution

Regularly updated with latest industry data