cust.co / Compare / CoreWeave vs Elastic

CoreWeave 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.

CoreWeave leads by +43pp on latest NRR (155% vs 112%).

NRR over time

92%114%135%156%178% FY2023-Q4FY2026-Q1FY2025-Q2FY2026-Q2FY-2026 NRR CoreWeave Elastic CoreWeave - FY2023-Q4: 102% CoreWeave - FY2025-Q4: 168% CoreWeave - FY2026-Q1: 155% Elastic - FY2026-Q1: 112% Elastic - FY2024-Q2: 112% Elastic - FY2025-Q2: 112% Elastic - FY2025-Q3: 112% Elastic - FY2026-Q2: 112% Elastic - FY2026-Q3: 112% Elastic - FY-2026: 112%

CoreWeave hit a higher all-time peak (168% in FY2025-Q4).

Stat-by-stat

Metric CoreWeave Elastic
Latest NRR 155% 112%
All-time peak NRR 168% 112%
All-time low NRR 102% 112%
QoQ change -13pp +0pp
YoY change - +0pp
3-year change - -
Disclosures tracked 3 7

Customer cohorts

MetricCoreWeaveElastic
Total customers - 24,000
Over $100K ARR 142 1,720
Over $1M ARR - 240
Top-10 concentration - -
Average ACV - -
US revenue mix 94.6% 54%

Commercial structure

MetricCoreWeaveElastic
Total RPO $7.5B $2.0B
Current RPO (12mo) $2.1B $1.2B
Multi-year contracts - -
Avg contract length 60 mo -
Subscription rev mix 98% 94%
New customers added - 2,500

Post-sales motion

MetricCoreWeaveElastic
CS team size - -
Customers per CSM - -
Pricing model hybrid consumption
Renewal cadence multi-year annual
CSM coverage model account-named hybrid
Top customer exec - Ashutosh Kulkarni

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