Which has higher NRR - Backblaze or Elastic?

As of their most recent disclosures, Elastic has higher NRR (112.0% vs 95.0%) - a difference of +17.0pp.

Which had the higher all-time NRR peak?

Backblaze hit 123.0% in FY2023-Q4 versus Elastic's peak of 112.0% in FY2024-Q2.

cust.co / Compare / Backblaze vs Elastic

Backblaze vs Elastic - 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.

Backblaze (BLZE)

95.0%

FY2026-Q1 · AI Infrastructure

Elastic (ESTC)

112.0%

FY2026-Q3 · AI Infrastructure

Elastic leads by +17.0pp on latest NRR (112.0% vs 95.0%).

NRR over time

Backblaze hit a higher all-time peak (123.0% in FY2023-Q4).

Stat-by-stat

Metric	Backblaze	Elastic
Latest NRR	95.0%	112.0%
All-time peak NRR	123.0%	112.0%
All-time low NRR	95.0%	112.0%
QoQ change	-16.0pp	+0.0pp
YoY change	-14.0pp	+0.0pp
3-year change	-28.0pp	-
Disclosures tracked	13	7

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