> ## Documentation Index
> Fetch the complete documentation index at: https://docs.bouclay.com/llms.txt
> Use this file to discover all available pages before exploring further.

# MRR waterfall, retention, churn and cohorts

> **Early access.** Not yet turned on for every account: until it is, this answers `404 not_found`. Build against it now and ask us to turn it on.
The report for one currency over the last `months` calendar months (UTC), the current month running to now. Movements are per customer: a customer who swaps one subscription for another is expansion or contraction, not churn plus new. Each month satisfies `startMrr + new + expansion - contraction - churn + reactivation = endMrr`.



## OpenAPI

````yaml /api/openapi.yaml get /metrics/report
openapi: 3.1.0
info:
  title: Bouclay API
  version: 1.0.0
  summary: Integrator API for Bouclay subscriptions, invoices, payments, and webhooks.
  description: >
    Bouclay is managed recurring-billing infrastructure for African payment

    gateways. Integrators connect their own gateway account (Bachs, with Nomba,

    Paystack and Flutterwave in early access) and use this API to manage
    customers, catalog, subscriptions,

    entitlements, usage metering, invoices, payment-method checkout sessions,
    payments, and

    outbound event history.


    Bouclay never holds funds — every charge, refund, and payout happens on your

    own gateway account, with your own keys. Which gateway settles a given
    charge

    is Bouclay's concern, not yours: a stored card always charges through the

    gateway that issued its token.


    ## Early access


    Some of this API is documented ahead of its release, so you can build

    against it now. Those operations carry an **Early access** badge, and so

    do the request fields that depend on them (graduated, volume and package

    pricing, usage-based prices, usage thresholds). Until a feature is turned

    on for your account, its endpoints answer `404 not_found`, its fields are

    refused with a `422`, and a restricted key cannot be given its scopes.

    Ask us to turn it on. Nothing you already rely on changes when it is.
servers:
  - url: https://bouclay.com/api/v1
    description: Production
security:
  - SecretKeyAuth: []
tags:
  - name: Customers
  - name: Customer addresses
  - name: Payment methods
  - name: Entitlements
    description: >-
      Early access: answers `404 not_found` until it is turned on for your
      account.
  - name: Credits
    description: >-
      What a customer has left to spend. Money owed back to a customer is their
      balance, one per currency; their next invoice spends it after tax, like a
      payment, and collects the rest. Promotional credit you give is held in
      lots (credit grants), each with its own expiry; the next invoice spends it
      before tax, so it lowers the VAT like a discount.
  - name: Catalog
  - name: Payment links
    description: >-
      A shareable checkout page for one price, the same link a price's "Payment
      link" makes in the dashboard. Buyers enter their email and pay; a
      subscription price starts the subscription once paid.
  - name: Meters
    description: >-
      Early access: answers `404 not_found` until it is turned on for your
      account.
  - name: Usage
    description: >-
      Early access: answers `404 not_found` until it is turned on for your
      account.
  - name: Discounts
    description: >-
      Early access: answers `404 not_found` until it is turned on for your
      account.
  - name: Subscriptions
  - name: Invoices
  - name: Metrics
    description: >-
      Early access: answers `404 not_found` until it is turned on for your
      account. Revenue metrics measured from each subscription's monthly
      recurring amount (MRR). `active` and `past_due` subscriptions count;
      trials, pauses and metered usage do not. Amounts are major units, rates
      are percentages (105.25 means 105.25%), and currencies are never summed.
  - name: Credit notes
    description: >-
      A credit note corrects an issued invoice without changing it: "of this
      invoice, this much is no longer owed". Each one has its own number in an
      unbroken sequence (`{prefix}-CN-0001`) and never changes once issued. On
      an unpaid invoice the credit comes off `amountDue`; on a paid one it goes
      back to the customer, refunded to the card, added to the customer balance
      or settled outside Bouclay. What the customer balance paid of an invoice
      always goes back to the balance first. An invoice always satisfies
      `amountDue = total - amountPaid - amountCredited - balanceApplied`. Every
      refund also issues a credit note.
  - name: Payments
  - name: Refunds
    description: >-
      A refund goes back through the gateway that took the payment. Refund part
      of a payment and it stays `succeeded`; refund all of it and it becomes
      `refunded`.
  - name: Chargebacks
    description: >-
      A chargeback is a payment the customer's bank took back. Record one when
      your payment provider reports it, with the provider's dispute reference,
      then record how the dispute ended. While it is open, Bouclay doesn't
      charge or chase the subscription. A chargeback on a credit top-up takes
      back the unspent credit and its bonus; winning the dispute puts back
      exactly that. Uses the `refunds` scope.
  - name: Events
  - name: Checkout sessions
  - name: Portal sessions
  - name: Webhook endpoints
paths:
  /metrics/report:
    get:
      tags:
        - Metrics
      summary: MRR waterfall, retention, churn and cohorts
      description: >-
        **Early access.** Not yet turned on for every account: until it is, this
        answers `404 not_found`. Build against it now and ask us to turn it on.

        The report for one currency over the last `months` calendar months
        (UTC), the current month running to now. Movements are per customer: a
        customer who swaps one subscription for another is expansion or
        contraction, not churn plus new. Each month satisfies `startMrr + new +
        expansion - contraction - churn + reactivation = endMrr`.
      operationId: getMetricsReport
      parameters:
        - name: currency
          in: query
          required: false
          description: >-
            ISO 4217 code. Defaults to the team currency, or the first currency
            with revenue.
          schema:
            type: string
            example: NGN
        - name: months
          in: query
          required: false
          schema:
            type: integer
            minimum: 1
            maximum: 36
            default: 12
      responses:
        '200':
          description: Metrics report.
          content:
            application/json:
              schema:
                allOf:
                  - $ref: '#/components/schemas/ResourceEnvelope'
                  - type: object
                    properties:
                      data:
                        $ref: '#/components/schemas/MetricsReport'
        '422':
          $ref: '#/components/responses/Error'
components:
  schemas:
    ResourceEnvelope:
      type: object
      required:
        - data
        - meta
      properties:
        data:
          type: object
        meta:
          $ref: '#/components/schemas/Meta'
    MetricsReport:
      type: object
      properties:
        object:
          type: string
          const: metrics_report
        currency:
          type: string
          example: NGN
        currencies:
          type: array
          items:
            type: string
        asOf:
          type: string
          format: date-time
        from:
          type: string
          format: date-time
        current:
          type: object
          properties:
            mrr:
              type: number
            arr:
              type: number
            customers:
              type: integer
            arpa:
              type: number
              description: Average MRR per paying customer.
        window:
          $ref: '#/components/schemas/MrrMovement'
        months:
          type: array
          items:
            allOf:
              - type: object
                properties:
                  month:
                    type: string
                    example: 2026-09
              - $ref: '#/components/schemas/MrrMovement'
        cohorts:
          type: array
          description: >-
            Customers grouped by the month they first paid, and how many (and
            how much MRR) still pay at the end of each later month.
          items:
            type: object
            properties:
              month:
                type: string
                example: 2026-03
              customers:
                type: integer
              mrr:
                type: number
              cells:
                type: array
                items:
                  type: object
                  properties:
                    age:
                      type: integer
                      description: Months after the cohort month.
                    customers:
                      type: integer
                    mrr:
                      type: number
        cancellations:
          type: object
          description: What the cancellation flow recorded in the range.
          properties:
            total:
              type: integer
            canceled:
              type: integer
            saved:
              type: integer
            saveRate:
              type:
                - number
                - 'null'
            reasons:
              type: array
              items:
                type: object
                properties:
                  label:
                    type:
                      - string
                      - 'null'
                    description: Null when no reason was given.
                  count:
                    type: integer
                  mrr:
                    type: number
                    description: MRR the canceled subscriptions were paying.
    Meta:
      type: object
      required:
        - requestId
      properties:
        requestId:
          type: string
          example: req_550e8400-e29b-41d4-a716-446655440000
    MrrMovement:
      type: object
      description: >-
        The MRR bridge over one stretch. Contraction and churn are positive
        amounts that are subtracted. Rates are null when nobody was paying at
        the start.
      properties:
        startMrr:
          type: number
        new:
          type: number
          description: MRR from customers paying for the first time.
        expansion:
          type: number
        contraction:
          type: number
        churn:
          type: number
          description: MRR of customers who stopped paying.
        reactivation:
          type: number
          description: MRR from customers who had paid before and came back.
        endMrr:
          type: number
        netChange:
          type: number
        startCustomers:
          type: integer
        endCustomers:
          type: integer
        newCustomers:
          type: integer
        churnedCustomers:
          type: integer
        reactivatedCustomers:
          type: integer
        netRetention:
          type:
            - number
            - 'null'
          description: (start + expansion - contraction - churn) / start, as a percentage.
        grossRetention:
          type:
            - number
            - 'null'
          description: >-
            (start - contraction - churn) / start, as a percentage. Never above
            netRetention.
        customerChurnRate:
          type:
            - number
            - 'null'
          description: >-
            Customers paying at the start who pay nothing at the end, as a
            percentage of those paying at the start.
    ErrorResponse:
      type: object
      required:
        - error
        - meta
      properties:
        error:
          type: object
          required:
            - type
            - code
            - detail
          properties:
            type:
              type: string
              enum:
                - request_error
                - api_error
              description: >-
                `api_error` with code `internal_error` (HTTP 500) means the
                fault is ours: retry with the same Idempotency-Key.
              example: request_error
            code:
              type: string
              enum:
                - authentication_failed
                - permission_denied
                - invalid_field
                - invalid_cursor
                - idempotency_conflict
                - meter_not_found
                - meter_archived
                - customer_not_found
                - timestamp_in_future
                - usage_period_closed
                - subscription_paused
                - missing_property
                - invalid_value
                - conflict
                - subscription_suspended
                - no_upcoming_invoice
                - not_found
                - request_error
                - internal_error
            detail:
              type: string
            errors:
              type: array
              items:
                type: object
                required:
                  - field
                  - message
                properties:
                  field:
                    type: string
                  message:
                    type: string
        meta:
          $ref: '#/components/schemas/Meta'
  responses:
    Error:
      description: Structured API error.
      content:
        application/json:
          schema:
            $ref: '#/components/schemas/ErrorResponse'
  securitySchemes:
    SecretKeyAuth:
      type: http
      scheme: bearer
      bearerFormat: '{sk|rk}_{mode}_{random}'
      description: >
        Use a Bouclay secret key (`sk_test_...`, `sk_live_...`) or restricted
        key

        (`rk_test_...`, `rk_live_...`).


        A secret key can call every endpoint. A restricted key can only call the

        endpoints its scopes cover. A scope is `{resource}:{access}`, for
        example

        `customers:read` or `refunds:write`, and write includes read. `GET`

        requests need read access and everything else needs write, except

        `POST /subscriptions/{id}/items/{item}/preview`, which only needs

        `subscriptions:read`. A request outside the key's scopes gets `403

        permission_denied` naming the missing scope, and its `Idempotency-Key`

        is not used up.


        | Resource | Endpoints | Access |

        | --- | --- | --- |

        | `customers` | customers, their addresses and payment methods | read,
        write |

        | `entitlements` | `/customers/{id}/entitlements` | read |

        | `credits` | `/customers/{id}/credit-balance`, credit purchases, credit
        grants, auto-reloads, credit holds (committing one records its usage) |
        read, write |

        | `catalog` | products, plans, prices | read, write |

        | `meters` | meters | read, write |

        | `usage` | meter events, `/customers/{id}/usage` | read, write |

        | `discounts` | discounts | read |

        | `subscriptions` | subscriptions | read, write |

        | `invoices` | invoices | read, write |

        | `credit_notes` | credit notes, `POST /invoices/{id}/credit-notes` (a
        refund to the card also needs `refunds:write`) | read, write |

        | `payments` | payments | read |

        | `refunds` | refunds, `POST /payments/{id}/refunds`, chargebacks and
        their outcome | read, write |

        | `checkout_sessions` | checkout sessions | read, write |

        | `portal_sessions` | portal sessions | write |

        | `events` | events | read |

        | `webhook_endpoints` | webhook endpoints | read, write |

        | `metrics` | metrics | read |


        Publishable keys (`pk_...`) are rejected by server-side API endpoints. A

        key's mode scopes what it can see and charge: a test key can never reach

        a live card.

````

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