cust.co / Compare / Elastic vs Nutanix

Elastic vs Nutanix - 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.

Elastic leads by +5pp on latest NRR (112% vs 107%).

NRR over time

105%109%114%119%123% FY2024-Q2FY2025-Q3FY2026-Q1FY2026-Q3FY2025-Q1FY2025-Q4 NRR Elastic Nutanix Elastic - FY2024-Q2: 112% Elastic - FY2025-Q2: 112% Elastic - FY2025-Q3: 112% Elastic - FY-2025: 112% Elastic - FY2026-Q1: 112% Elastic - FY2026-Q2: 112% Elastic - FY2026-Q3: 112% Nutanix - FY2025-Q2: 110% Nutanix - FY2025-Q3: 110% Nutanix - FY2026-Q1: 109% Nutanix - FY2026-Q2: 107% Nutanix - FY-2024: 121% Nutanix - FY2025-Q1: 110% Nutanix - FY2025-Q4: 108%

Nutanix hit a higher all-time peak (121% in FY-2024).

Stat-by-stat

Metric Elastic Nutanix
Latest NRR 112% 107%
All-time peak NRR 112% 121%
All-time low NRR 112% 107%
QoQ change +0pp -2pp
YoY change +0pp -3pp
3-year change - -
Disclosures tracked 7 7

Customer cohorts

MetricElasticNutanix
Total customers 21,550 26,330
Over $100K ARR 1,660 -
Over $1M ARR - 148
Top-10 concentration - -
Average ACV - -
US revenue mix 53% 57%

Commercial structure

MetricElasticNutanix
Total RPO $1.7B $2.0B
Current RPO (12mo) $1.1B $2.9B
Multi-year contracts - -
Avg contract length - 37 mo
Subscription rev mix 95% 94%
New customers added 40 1,000

Post-sales motion

MetricElasticNutanix
CS team size - -
Customers per CSM - -
Pricing model consumption subscription
Renewal cadence annual annual
CSM coverage model account-named -
Top customer exec - -

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