The short answer
Astra calculates your referral coefficient (K-factor) weekly by mining PostHog signup events for referral source attribution. K = (invitations sent per user) × (conversion rate per invitation). She pulls the last 90 days of signups, classifies each by source (direct referral link, shared content, viral feature, paid acquisition), computes invitations-sent per active user, and tracks each invitation through to signup. Segmented K-factor matters more than blended — she shows K per cohort: net-new users, paid users, power users. Most B2B SaaS sit at K=0.1-0.3 (referral helps but doesn't drive growth). K=0.5+ is meaningful CAC reduction. K>1.0 = exponential growth without paid acquisition. The weekly Lark report shows current K, 4-week trend, K by source, and the top 2 levers to push it (typically: better share UX, stronger sender incentive, or removing friction in the recipient signup flow).