{
  "version": "1.3.0",
  "releasedAt": "2026-05-20",
  "kpi": {
    "rogueId": "finance.burn_rate_actual",
    "slug": "burn_rate_actual",
    "domain": "finance",
    "defaultLabel": "Actual Burn Rate (Past Period)",
    "description": "The single past-period observed burn — gross and net — that anchors the forecast-scenario matrix. The \"we just lived through this\" baseline against which conservative / most-likely / best-case forecasts are projected. Differs from `finance.gross_burn_rate` and `finance.net_burn_rate` in being explicitly a point-in-time historical anchor with both components paired in one object, rather than the standalone monthly KPI values. Common pitfall: anchoring forecasts off a single month with a known one-off (large bill, prepayment received) bakes a distortion into all scenarios — pick a representative period or document the adjustment.",
    "fieldType": "currency",
    "unit": "/month",
    "maturity": "general",
    "suggestedForStages": [
      "preSeed",
      "seed",
      "seriesA",
      "seriesB"
    ],
    "defaultOwningFunctions": [
      "Finance"
    ],
    "stageRelevance": {
      "preSeed": "core",
      "seed": "core",
      "seriesA": "core",
      "seriesB": "recommended"
    },
    "definitionSource": {
      "tier": "editorial",
      "sourceName": "imboard Editorial",
      "sourceUrl": null,
      "sectionRef": null,
      "publicationDate": "2026-04-01",
      "attributionNotice": null
    },
    "formula": "Paired historical observation: `{ gross: finance.gross_burn_rate_for_anchor_period, net: finance.net_burn_rate_for_anchor_period }`. The anchor period is typically the most recently closed reporting period.",
    "whyItMatters": "Anchors the credibility of the forecast matrix — scenarios that diverge wildly from the actual baseline without explicit drivers are not credible. Boards typically interrogate any scenario whose burn differs from actual by more than ~20% without a named driver.",
    "interpretationGuidance": "Cross-check the anchor against the 3-month trailing average; if they differ materially, the anchor period was atypical and the forecast may be unrealistic. Pair every anchor with a one-line note on what was one-off and how the forecast normalizes for it.",
    "relatedKpiIds": [
      "finance.gross_burn_rate",
      "finance.net_burn_rate",
      "finance.burn_rate_scenarios",
      "finance.forecast_notes"
    ],
    "metricBasis": {
      "timeBasis": "period_flow",
      "moneyBasis": "cash",
      "production": "primary"
    }
  }
}