cust.co / Compare / Elastic vs Palantir

Elastic vs Palantir - 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.

Palantir leads by +38pp on latest NRR (150% vs 112%).

NRR over time

50%78%107%135%163% FY2024-Q2FY2025-Q3FY2026-Q2FY-2026FY2024-Q4FY2025-Q4 NRR Elastic Palantir 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% Palantir - FY2025-Q2: 128% Palantir - FY2025-Q3: 134% Palantir - FY2026-Q1: 150% Palantir - FY2024-Q3: 118% Palantir - FY2024-Q4: 63% Palantir - FY2025-Q1: 66% Palantir - FY2025-Q4: 139%

Palantir hit a higher all-time peak (150% in FY2026-Q1).

Stat-by-stat

Metric Elastic Palantir
Latest NRR 112% 150%
All-time peak NRR 112% 150%
All-time low NRR 112% 63%
QoQ change +0pp +11pp
YoY change +0pp +84pp
3-year change - -
Disclosures tracked 7 7

Customer cohorts

MetricElasticPalantir
Total customers 24,000 1,007
Over $100K ARR 1,720 -
Over $1M ARR 240 157
Top-10 concentration - -
Average ACV - -
US revenue mix 54% 78.5%

Commercial structure

MetricElasticPalantir
Total RPO $2.0B $4.5B
Current RPO (12mo) $1.2B -
Multi-year contracts - -
Avg contract length - -
Subscription rev mix 94% -
New customers added 2,500 -

Post-sales motion

MetricElasticPalantir
CS team size - -
Customers per CSM - -
Pricing model consumption subscription
Renewal cadence annual multi-year
CSM coverage model hybrid account-named
Top customer exec Ashutosh Kulkarni -

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