New ARR by Plan Name is a metric that measures the total dollar amount of monthly recurring revenue added to a particular pricing plan. It helps gauge the performance of different pricing plans and identify which plans are driving the most growth in the business. This metric is useful in evaluating the effectiveness of marketing and sales efforts and can be used to inform pricing strategy decisions. We calculate New ARR by Plan Name by considering all 'active,' 'past due,' and 'canceled' subscriptions created within the selected date range. For currently 'active' subscriptions, we save the data based on their 'created' date. For subscriptions that are currently either 'past due' or 'canceled,' we save the data based on the date when they transitioned to 'active.' In the case of subscriptions that transitioned from 'trial' to 'active,' we save the data based on their 'trial_end' date. If your subscriptions contain multiple subscription items and you apply discounts, the total value of this metric will be higher than the total value of an equivalent non-dimensional metric, as subscription discounts cannot be divided among multiple subscription items. We always extend the selected date range by two months in the past at its beginning. This extension ensures that we include subscriptions created outside of the selected date range as 'trial' subscriptions that later transitioned to 'active' subscriptions within the selected date range. However, it's important to acknowledge that slight discrepancies may be present due to API limitations. Specifically, we cannot exclude subscriptions created for existing customers after their previous subscription was canceled due to failed payments.
Example: Sample use case: A subscription-based SaaS company wants to track the monthly revenue growth of each of their pricing plans to identify which plans are generating the most revenue and adjust their pricing strategy accordingly. They use New ARR by Plan Name metric to track this data.