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 +6pp on latest NRR (112% vs 106%).

NRR over time

104%109%114%118%123% FY2024-Q2FY2025-Q3FY2026-Q2FY-2026FY2025-Q1FY2025-Q4 NRR Elastic Nutanix Elastic - FY2024-Q2: 112% Elastic - FY2025-Q2: 112% Elastic - FY2025-Q3: 112% Elastic - FY2026-Q1: 112% Elastic - FY2026-Q2: 112% Elastic - FY2026-Q3: 112% Elastic - FY-2026: 112% Nutanix - FY2025-Q2: 110% Nutanix - FY2025-Q3: 110% Nutanix - FY2026-Q1: 109% Nutanix - FY2026-Q2: 107% Nutanix - FY2026-Q3: 106% 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% 106%
All-time peak NRR 112% 121%
All-time low NRR 112% 106%
QoQ change +0pp -1pp
YoY change +0pp -4pp
3-year change - -
Disclosures tracked 7 8

Customer cohorts

MetricElasticNutanix
Total customers 24,000 26,330
Over $100K ARR 1,720 -
Over $1M ARR 240 148
Top-10 concentration - -
Average ACV - -
US revenue mix 54% 57%

Commercial structure

MetricElasticNutanix
Total RPO $2.0B $2.0B
Current RPO (12mo) $1.2B $2.9B
Multi-year contracts - -
Avg contract length - 41 mo
Subscription rev mix 94% 94%
New customers added 2,500 700

Post-sales motion

MetricElasticNutanix
CS team size - -
Customers per CSM - -
Pricing model consumption subscription
Renewal cadence annual annual
CSM coverage model hybrid hybrid
Top customer exec Ashutosh Kulkarni -

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