Pricing Waterfall

1,100 closed deals · FY2026 · list → pocket price · synthetic data
Total list
$85.0M
Pocket price
$69.8M
82.1% realization
Quarter-end gap
5.9 pp
7.1% lower, relative
Calendar leak
$0.8M
price given to the close date

The waterfall — where price leaks between list and contract

$0M$46M$92M$85.0MList price−$4.4MStandard discount−$10.8MNegotiated discount$69.8MPocket price

By segment

Realization
enterprise80.2%
mid_market84.7%
smb89.7%

By deal size

Realization
1: <20K89.7%
2: 20-90K84.7%
3: 90-200K83.4%
4: >200K79.3%

By close timing

Realization
last 2 weeks77.2%
weeks 1-1183.1%
The two review flags: realization falls monotonically with deal size (creep beyond any cost-to-serve argument), and deals closed in the final two weeks of a quarter realize 5.9 percentage points less (7.1% lower in relative terms) — sales spending price to make the date. Both patterns survive segmentation, which is what separates a pricing problem from a mix story.