cust.co / Compare / Backblaze vs Confluent

Backblaze vs Confluent - NRR head-to-head

Side-by-side Net Revenue Retention comparison sourced from SEC filings and earnings releases. Both compete in AI Infrastructure. Both at Public stage.

Confluent leads by +19pp on latest NRR (114% vs 95%).

NRR over time

91%100%109%118%127% FY2023-Q4FY2024-Q1FY2024-Q3FY2024-Q4FY2025-Q2FY-2025FY2026-Q1 NRR Backblaze Confluent Backblaze - FY2023-Q4: 123% Backblaze - FY-2023: 109% Backblaze - FY2024-Q1: 112% Backblaze - FY2024-Q2: 114% Backblaze - FY2024-Q3: 118% Backblaze - FY-2024: 116% Backblaze - FY2024-Q4: 116% Backblaze - FY2025-Q1: 105% Backblaze - FY2025-Q2: 109% Backblaze - FY2025-Q3: 106% Backblaze - FY-2025: 105% Backblaze - FY2025-Q4: 111% Backblaze - FY2026-Q1: 95% Confluent - FY2025-Q1: 114%

Backblaze hit a higher all-time peak (123% in FY2023-Q4).

Stat-by-stat

Metric Backblaze Confluent
Latest NRR 95% 114%
All-time peak NRR 123% 114%
All-time low NRR 95% 114%
QoQ change -16pp -
YoY change -14pp -
3-year change -28pp -
Disclosures tracked 13 1

Customer cohorts

MetricBackblazeConfluent
Total customers 119,000 6,140
Over $100K ARR - 1,412
Over $1M ARR - -
Top-10 concentration - -
Average ACV $307 -
US revenue mix 72% 58%

Commercial structure

MetricBackblazeConfluent
Total RPO $66M $1.0B
Current RPO (12mo) - $620M
Multi-year contracts - -
Avg contract length 108 mo -
Subscription rev mix - 96%
New customers added 12,000 -

Post-sales motion

MetricBackblazeConfluent
CS team size - -
Customers per CSM - -
Pricing model hybrid hybrid
Renewal cadence consumption annual
CSM coverage model hybrid -
Top customer exec Not Disclosed -

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