Film Finance Waterfall Modeling

You have the budget. You have the schedule.
Now build the waterfall.

Whether you're financing a micro-budget indie or structuring a multi-lender deal, Teche gives you the waterfall model and investor-ready reports you need — without the spreadsheets.

Start Indie Trial Start Pro Trial

Indie: 7-day free trial · Pro: 14-day free trial · Cancel anytime

Teche™
Indie
Pro
File ▾
Pro
LOW
MID
HIGH
Inputs
Project ▾
Project Name
My First Film
Total Budget
$750,000
Equity Raised ▾
Equity Raised
$500,000
Investor Multiple
1.2x
Equity Target Return
$600,000
Tax Credit ▸
Other Cash Sources ▸
Budget Offsets ▸
Financing Summary ▾
Total Cash Sources
$750,000
Remaining Gap
$0
Total Sources
$750,000
100.0% of budget
Effective Budget
$750,000
After offsets
Remaining Gap
$0
✓ Fully Funded
Equity
$500,000
Target: $600,000 (1.2x)
Financing Sources — $750,000
Equity
$500,000
Tax Credit
$135,000
Soft Money
$115,000
MetricLOWMID ●HIGH
Net Receipts$256,000$520,000$980,000
Equity Recouped$256,000$520,000$600,000
Equity Fully Returned✗ No✗ No✓ Yes
Equity Multiple0.51x1.04x1.20x
Profit Pool$0$0$380,000
Indie
Pro
File ▾
Pro
LOW
MID
HIGH
Inputs
Project Overview ▾
Project Name
The Current
Total Budget
$3,000,000
Tax Credit Estimate
$1,000,000
Collateral & Senior ▾
MG Gross
$500,000
Senior Advance Rate
90%
Senior Commitment
$1,350,000
Mezz Structure ▾
Mezz Principal
$500,000
Capital Stack ▾
Equity Required
$1,150,000
Equity Structure ▸
Timeline & Distribution ▸
Equity Required
$1,150,000
38.3% of budget
Senior Debt
$1,350,000
Obligation: $1,539,000
✓ Repaid
Mezzanine
$500,000
Obligation: $575,000
✓ Repaid
Equity
$1,150,000
Target: $1,380,000 (1.2x)
✓ Returned
Capital Stack Composition — $3,000,000
Senior Debt
$1,350,000 · 45.0%
Mezz
$500,000 · 16.7%
Equity
$1,150,000 · 38.3%
Net Receipts (HIGH)
$3,510,000
MetricLOWMIDHIGH ●
Senior Fully Repaid✓ Yes✓ Yes✓ Yes
Mezz Fully Repaid✓ Yes✓ Yes✓ Yes
Equity Multiple0.08x0.69x1.20x
Profit Pool$0$0$1,516,000
Built for every side of the deal First-Time Filmmakers Independent Producers Banks & Lenders Co-Productions Tax Credit Financing
Two modes, one app

Choose your
starting point

Same app, same installer, same reports. Indie and Pro are two different financing models built for two different kinds of deals.

Teche Indie

Equity-first financing

Designed for independent films with budgets around $1M and under. Start with equity raised, add tax credits and soft money, and see your gap in seconds.

  • Equity raised as the core input
  • Tax credit modeling with advance rates
  • Soft money, grants, and other cash sources
  • In-kind support and waived cost offsets
  • Investor return waterfall (LOW / MID / HIGH)
  • Investor-ready financing reports
Teche Pro

Full capital stack modeling

Built for structured deals with senior lenders, mezzanine financing, and complex recoupment waterfalls. The tool you bring to the bank.

  • Senior debt with collateral and advance rates
  • Mezzanine structure with interest and fees
  • MG, tax credit, and collateral-based lending
  • Sequential waterfall (Senior → Mezz → Equity)
  • Coverage ratios across all scenarios
  • Full investment summary and waterfall reports
  • Includes Indie mode
How it works

Start with estimates.
Close with actuals.

No spreadsheets. No formulas. Just enter your deal and watch the waterfall calculate in real time.

01
Choose your mode
Select Indie for equity-first financing, or Pro for full capital stack modeling with senior debt and mezz. Switch anytime — your projects are saved per mode.
Indie or Pro
02
Model your scenarios
Enter your budget, financing sources, and LOW / MID / HIGH revenue projections. Teche calculates net receipts, coverage ratios, and equity multiples instantly.
Scenario Modeling
03
Export your report
Generate a professional waterfall report ready to share with investors, co-producers, and lenders. Your deal, your numbers, investor-ready.
Report Export
Features

Everything a producer
actually needs

Built by a producer who spent months figuring this out manually. Every feature exists because it was missing somewhere else.

Waterfall Modeling
  • Indie: equity-first recoupment waterfall
  • Pro: sequential senior → mezz → equity waterfall
  • Equity premium multiples up to 5x
  • Automatic profit pool calculation
  • Coverage ratio per scenario
Revenue Scenarios
  • LOW / MID / HIGH gross revenue modeling
  • Territory-by-territory revenue assumptions
  • Sales agent, collection fees, and distribution expenses
  • Sales estimate haircut for conservative projections
  • Real-time scenario switching
Professional Reports
  • Investor-ready waterfall reports
  • Financing summary with capital stack breakdown
  • Revenue analysis across all three scenarios
  • Confidentiality disclaimer included
  • Export as HTML — print or share
Mac Desktop App
  • Native Mac app — fast, offline, no browser needed
  • Save unlimited projects as .fcp files
  • File menu — ⌘S save, ⌘O open, ⌘E export
  • Real-time calculations as you type
  • Your data stays on your machine — never uploaded
Pricing

Simple pricing.
Start free.

Free Trial
$0
for 7 days
Try both Indie and Pro modes before you commit.
  • Full Indie and Pro modeling
  • LOW / MID / HIGH scenarios
  • Real-time waterfall calculations
  • ✗Save projects
  • ✗Export reports
Start Indie Trial → Start Pro Trial →
Indie
$19.99
per month · billed annually
Equity-first financing for independent films ~$1M and under.
  • Indie financing model
  • Equity, tax credit, and soft money inputs
  • Budget offsets (in-kind, waived costs)
  • LOW / MID / HIGH scenario modeling
  • Investor return waterfall
  • Save projects and export reports
Purchase Now →
Most Popular
Pro
$29
per month · billed annually
Full capital stack modeling for structured film deals.
  • Everything in Indie, plus:
  • Senior debt with collateral modeling
  • Mezzanine structure with interest and fees
  • MG and tax credit advance rates
  • Sequential recoupment waterfall
  • Full investment summary reports
Purchase Now →
Studio
$5,000
per project
White-glove deal modeling with the founder.
  • Full deal structure review
  • Capital stack modeling for your film
  • Waterfall analysis and investor deck
  • Two Zoom sessions included
  • Direct founder access
  • Pro subscription included
Contact Us

No commitment  ·  Cancel anytime  ·  Mac only

The Story

Built by a producer
for producers

I helped structure financing for The Leader (Vera Farmiga, Tim Blake Nelson, Jim Parsons), and have produced films for Netflix, Legendary Pictures, and IFC Films. Co-Founder of Cinemand Films production company.

After years of modeling deals with fragile spreadsheets, I built the tool I needed on every production.

Teche™ is named after Bayou Teche in Louisiana, where I grew up — a metaphor for how capital flows through a film, connecting investors, lenders, and producers through the same financial current.

— Michael Wormser, Creator of Teche™

From budget
to waterfall.

No commitment. Cancel anytime.

Start Indie Trial Start Pro Trial

Indie from $19.99/mo  ·  Pro from $29/mo  ·  Mac only  ·  macOS 12+ required