Runway

Runway refers to the amount of time a company has before it runs out of money, assuming its current operational expenses remain constant and no new funding or revenue is generated. It's a critical financial metric for startups and growing businesses, typically calculated by dividing the company's total cash on hand by its monthly "burn rate" (the net loss incurred each month). A longer runway provides more time for a company to achieve key milestones, secure additional funding, or reach profitability.