cust.co / Compare / Snowflake vs Elastic

Snowflake vs Elastic - 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.

Snowflake leads by +14pp on latest NRR (126% vs 112%).

NRR over time

102%124%145%166%188% FY2020-Q4FY2021-Q4FY2022-Q3FY2023-Q1FY2025-Q1FY2025-Q4FY2026-Q2FY2026-Q4FY2024-Q2 NRR Snowflake Elastic 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% Elastic - FY2025-Q2: 112% Elastic - FY2025-Q3: 112% Elastic - FY2026-Q1: 112% Elastic - FY2026-Q2: 112% Elastic - FY2026-Q3: 112% Elastic - FY-2026: 112% Elastic - FY2024-Q2: 112%

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

Stat-by-stat

Metric Snowflake Elastic
Latest NRR 126% 112%
All-time peak NRR 178% 112%
All-time low NRR 124% 112%
QoQ change +1pp +0pp
YoY change +1pp +0pp
3-year change -34pp -
Disclosures tracked 23 7

Customer cohorts

MetricSnowflakeElastic
Total customers 13,912 24,000
Over $100K ARR - 1,720
Over $1M ARR 79 240
Top-10 concentration - -
Average ACV - -
US revenue mix 76% 54%

Commercial structure

MetricSnowflakeElastic
Total RPO $6.9B $2.0B
Current RPO (12mo) - $1.2B
Multi-year contracts - -
Avg contract length - -
Subscription rev mix 95% 94%
New customers added 616 2,500

Post-sales motion

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

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