In this article, I discuss why SaaS metrics such as LTV/CAC, GRR, NRR, ARR growth, and the Rule of 40 should be viewed as outcomes, not strategy. Strong numbers can hide very different realities, so founders and boards need to ask what is actually driving the metrics: better positioning, stronger retention, deeper workflow adoption, real efficiency — or assumptions, discounts, delayed churn, and underinvestment.