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 +29pp on latest NRR (155% vs 126%).

NRR over time

91%115%140%165%189% FY2020-Q4FY2021-Q4FY2022-Q3FY2023-Q1FY2025-Q1FY2025-Q4FY2026-Q2FY2026-Q4FY2027-Q1 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% Snowflake - FY2027-Q1: 126% CoreWeave - FY2023-Q4: 102% CoreWeave - FY2025-Q4: 168% CoreWeave - FY2026-Q1: 155%

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

Stat-by-stat

Metric Snowflake CoreWeave
Latest NRR 126% 155%
All-time peak NRR 178% 168%
All-time low NRR 124% 102%
QoQ change +1pp -13pp
YoY change +1pp -
3-year change -34pp -
Disclosures tracked 23 3

Customer cohorts

MetricSnowflakeCoreWeave
Total customers 13,912 -
Over $100K ARR - 142
Over $1M ARR 79 -
Top-10 concentration - -
Average ACV - -
US revenue mix 76% 94.6%

Commercial structure

MetricSnowflakeCoreWeave
Total RPO $6.9B $7.5B
Current RPO (12mo) - $2.1B
Multi-year contracts - -
Avg contract length - 60 mo
Subscription rev mix 95% 98%
New customers added 616 -

Post-sales motion

MetricSnowflakeCoreWeave
CS team size - -
Customers per CSM - -
Pricing model consumption hybrid
Renewal cadence multi-year multi-year
CSM coverage model account-named account-named
Top customer exec William F. Scannell -

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