{
  "version": "1.3.0",
  "releasedAt": "2026-05-20",
  "kpi": {
    "rogueId": "finance.total_opex",
    "slug": "total_opex",
    "domain": "finance",
    "defaultLabel": "Total OpEx",
    "description": "Total operating expense for the period — R&D + Sales & Marketing + Customer Success + G&A. Subtracted from gross profit to produce EBITDA. Excludes COGS (above the gross-profit line) and below-EBITDA items.",
    "fieldType": "currency",
    "unit": null,
    "maturity": "general",
    "suggestedForStages": [
      "seriesA",
      "seriesB",
      "seriesC",
      "public"
    ],
    "defaultOwningFunctions": [
      "Finance"
    ],
    "stageRelevance": {
      "seriesA": "recommended",
      "seriesB": "recommended",
      "seriesC": "recommended",
      "public": "recommended"
    },
    "definitionSource": {
      "tier": "editorial",
      "sourceName": "imboard Editorial",
      "sourceUrl": null,
      "sectionRef": null,
      "publicationDate": "2026-04-01",
      "attributionNotice": null
    },
    "formula": "total_opex = total_rnd + total_sm + total_cs + total_ga.",
    "whyItMatters": "The full operating cost base below gross profit — the lever between gross profit and EBITDA.",
    "interpretationGuidance": "Track against gross profit: OpEx growing faster than gross profit pushes EBITDA down.",
    "relatedKpiIds": [
      "finance.total_rnd",
      "finance.total_sm",
      "finance.total_cs",
      "finance.total_ga",
      "finance.ebitda"
    ],
    "metricBasis": {
      "timeBasis": "period_flow",
      "production": "computed"
    }
  }
}