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Growth & SaaS metrics

Customer Acquisition Cost CAC

The average total sales and marketing spend required to win one new customer.

Part of the Growth & SaaS Metrics course · Lesson 5 of 8
Formula
CAC = Total Sales & Marketing Spend / Number of New Customers Acquired

What it is

Customer Acquisition Cost is the total cost of acquiring a new customer, found by dividing sales and marketing expenses over a period by the number of new customers won in that period. It typically includes ad spend, sales-team salaries and commissions, and marketing tooling. It is a non-GAAP operating metric, not a line on the financial statements.

Why it matters

CAC tells you how efficiently a company turns spending into customers, and it is the denominator behind the widely watched LTV/CAC ratio. Rising CAC can signal market saturation, weaker product-market fit, or more competition for the same buyers. It is most useful when paired with how long it takes to earn that cost back (the CAC payback period).

How it's calculated

Divide total sales and marketing spend over a period by the number of new customers acquired in the same period.

How Quintarthai uses it

Sales-and-marketing spend (the numerator behind CAC) is visible in the operating-expense detail on a company's Financials tab, useful for sanity-checking management's stated CAC.

Cross-border note. CAC is reported in the company's functional currency, so compare a Canadian SaaS issuer's CAD-based CAC and a US peer's USD-based CAC only after converting; neither GAAP nor IFRS prescribes how CAC is calculated.

FAQ

Should CAC include sales salaries or just ad spend?
A fully loaded CAC includes all sales and marketing costs: ad spend, sales salaries and commissions, and tooling. A blended CAC that counts only ad spend understates the true cost.
What is a good CAC?
There is no single number; CAC is only meaningful relative to what a customer is worth. The common benchmark is an LTV/CAC ratio of 3 or higher and a CAC payback period under 12 to 18 months.
Related terms
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