Which has higher NRR - CoreWeave or Backblaze?

As of their most recent disclosures, CoreWeave has higher NRR (168.0% vs 95.0%) - a difference of +73.0pp.

Which had the higher all-time NRR peak?

CoreWeave hit 168.0% in FY2025-Q4 versus Backblaze's peak of 123.0% in FY2023-Q4.

cust.co / Compare / CoreWeave vs Backblaze

CoreWeave vs Backblaze - 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 (CRWV)

168.0%

FY2025-Q4 · AI Infrastructure

Backblaze (BLZE)

95.0%

FY2026-Q1 · AI Infrastructure

CoreWeave leads by +73.0pp on latest NRR (168.0% vs 95.0%).

NRR over time

CoreWeave hit a higher all-time peak (168.0% in FY2025-Q4).

Stat-by-stat

Metric	CoreWeave	Backblaze
Latest NRR	168.0%	95.0%
All-time peak NRR	168.0%	123.0%
All-time low NRR	102.0%	95.0%
QoQ change	+66.0pp	-16.0pp
YoY change	-	-14.0pp
3-year change	-	-28.0pp
Disclosures tracked	2	13

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