Interactive financial modeling practice

Build the model yourself.Get feedback on every step.

Practice financial modeling in a live workbook.

Enter every formula yourself, get cell-level feedback and hints, then rebuild the model on a new company without guidance.

3
available courses
59
graded build steps, plus 8 reviews
100%
of the model built by you
VESPERVesper Industrial Co. · Integrated five-year operating model
Line item
FY2023
FY2024
FY2025
FY2026
FY2027
1Income Statement
2Revenue
43,000
46,870
51,088
3Revenue Growth
9.0%
9.0%
9.0%
9.0%
4COGS (excluding D&A)
(23,140)
(25,350)
5Gross Profit
19,860
21,520
6SG&A
(8,170)
(8,905)
7EBITDA
11,690
12,615
8Depreciation
(1,800)
(1,835)
9Interest Expense
(840)
(840)
(840)
(840)
(840)
10Pre-Tax Income
9,050
9,940
11Net Income
7,150
7,853
Vesper WhisperStep 4 of 15

Case facts — supplied

Revenue growth9%
COGS % of sales54%

Project revenue from the growth driver.

Grow prior-year revenue by the supplied rate, then fill the same formula across the forecast years.

Target cell E2
Need a hint?Why does this work?Show me

How it works

Type the formula → get the logic checked → rebuild it unseen

01

You type the formula.

Vesper Industrial Co. · Revenue · FY2025

Project revenue from the growth driver — FY2025

The case gives you

Revenue growth
9%
COGS % of sales (excluding D&A)
54%
SG&A % of sales
19%
Revenue · FY2025D17
=C17*(1+D18)
AcceptedD17
51,088

02

Vesper checks the logic, not the number.

Revenue Growth · FY2025
Revenue Growth · FY2025 — Check thisD18
9.0%

That is the right number, but it is typed in. Point at Revenue growth (D2) instead, so the model responds when that figure changes.

Reason it through

Revenue Growth is a link to the revenue growth driver in the assumptions block.

Revenue Growth · FY2025D18
=D2

03

Then you rebuild it on a company you have never seen.

Corvale Instruments Ltd.

A company you have not seen. Same relationship, no hints this time.

Revenue Growth · FY2025D18
=D214.0%
Revenue · FY2025D17
=C17*(1+D18)36,388.8
Balance check0

Test your modeling skills

The Vesper 30-Minute Modeling Challenge

Rebuild the model's six load-bearing rows from memory, across two companies. Start with coaching, then prove you can transfer the logic to an unseen case.

  • No prerequisite
  • 2 company cases
  • About 60 minutes
Start the challenge

Curriculum

Three courses available. Two more planned.