cust.co / Compare / Snowflake vs CoreWeave

Snowflake vs CoreWeave - 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 (168% vs 125%).

NRR over time

91%115%140%165%189% FY2020-Q4FY2021-Q4FY2022-Q3FY2023-Q1FY2025-Q1FY2025-Q4FY2026-Q2FY2026-Q4 NRR Snowflake CoreWeave Snowflake - FY2020-Q4: 160% Snowflake - FY2021-Q3: 160% Snowflake - FY-2021: 168% Snowflake - FY2021-Q4: 168% Snowflake - FY2022-Q1: 168% Snowflake - FY2022-Q2: 169% Snowflake - FY2022-Q3: 173% Snowflake - FY2022-Q4: 177% Snowflake - FY-2022: 178% Snowflake - FY2023-Q1: 174% Snowflake - FY2023-Q2: 171% Snowflake - FY2023-Q4: 158% Snowflake - FY2025-Q1: 129% Snowflake - FY2025-Q2: 128% Snowflake - FY2025-Q3: 127% Snowflake - FY2025-Q4: 126% Snowflake - FY-2025: 126% Snowflake - FY2026-Q1: 124% Snowflake - FY2026-Q2: 125% Snowflake - FY2026-Q3: 125% Snowflake - FY-2026: 125% Snowflake - FY2026-Q4: 125% CoreWeave - FY2023-Q4: 102% CoreWeave - FY2025-Q4: 168%

Snowflake hit a higher all-time peak (178% in FY-2022).

Stat-by-stat

Metric Snowflake CoreWeave
Latest NRR 125% 168%
All-time peak NRR 178% 168%
All-time low NRR 124% 102%
QoQ change +0pp +66pp
YoY change +1pp -
3-year change -35pp -
Disclosures tracked 22 2

Customer cohorts

MetricSnowflakeCoreWeave
Total customers 13,328 -
Over $100K ARR - 142
Over $1M ARR 733 -
Top-10 concentration - -
Average ACV - -
US revenue mix 76% -

Commercial structure

MetricSnowflakeCoreWeave
Total RPO $6.9B $658M
Current RPO (12mo) - $474M
Multi-year contracts - -
Avg contract length - -
Subscription rev mix 95% 92%
New customers added - -

Post-sales motion

MetricSnowflakeCoreWeave
CS team size - -
Customers per CSM - -
Pricing model consumption subscription
Renewal cadence annual multi-year
CSM coverage model hybrid -
Top customer exec - -

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