Product School

Product Growth Metrics Cheat Sheet

Validated by by Shahzad Shaikh, Head of Product Management, Growth at Asana

Master the metrics you need to keep things moving up and to the right! Our Product Growth Metrics Cheat Sheet is packed with 45 metrics to measure success from the first touch to trial, conversion, and beyond.

Designed for product managers focused on growth loops and sustainable product mechanics, this guide provides the building blocks you need for data-driven insights to refine user experience and optimize every stage—from acquisition to revenue and referral. Start tracking the right metrics to fuel strategic, lasting growth in your product.

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Inside the Product Metrics Cheat Sheet

Inside this downloadable guide, you'll find definitions for 45 powerful metrics split across six key categories essential for product growth:

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Acquisition

Metrics to understand where users come from and how they convert, like Customer Acquisition Cost (CAC) and Time to ‘Aha!’ Moment.

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Activation

Track onboarding success and product adoption with metrics such as Onboarding Completion Rate and Feature Adoption Rate.

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Engagement

Measure how often and how long users interact with key features, including Daily Active Users (DAU) and Session Duration.

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Referral

Measure user advocacy to grow organically with metrics like Referral Rate and Viral Coefficient.

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Retention

Keep users coming back when you keep an eye on metrics such as Churn Rate and Cohort Retention Rate.

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Revenue

Assess and maximize profitability using metrics like Customer Lifetime Value (LTV) and Average Revenue Per User (ARPU).