Trailing Twelve Months (TTM)
定義
TTM refers to the most recent 12 consecutive months of financial performance, calculated on a rolling basis rather than a fixed calendar or fiscal year.
資金調達における位置づけ
Investors often ask for TTM revenue instead of last-full-year revenue because it reflects the business as it actually looks today, including recent growth or slowdown.
よくある質問
How is TTM revenue calculated?
Add the most recent month or quarter to the prior 11 months and drop the oldest one, so the window rolls forward every reporting period.
Why do investors prefer TTM over annual figures?
A fiscal-year number can be many months stale by the time a deal closes. TTM captures momentum closer to the actual raise date.