Which has higher NRR - Pure Storage or Backblaze?

As of their most recent disclosures, Pure Storage has higher NRR (113.0% vs 95.0%) - a difference of +18.0pp.

Which had the higher all-time NRR peak?

Backblaze hit 123.0% in FY2023-Q4 versus Pure Storage's peak of 117.0% in FY-2025.

cust.co / Compare / Pure Storage vs Backblaze

Pure Storage 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.

Pure Storage (PSTG)

113.0%

FY-2026 · AI Infrastructure

Backblaze (BLZE)

95.0%

FY2026-Q1 · AI Infrastructure

Pure Storage leads by +18.0pp on latest NRR (113.0% vs 95.0%).

NRR over time

Backblaze hit a higher all-time peak (123.0% in FY2023-Q4).

Stat-by-stat

Metric	Pure Storage	Backblaze
Latest NRR	113.0%	95.0%
All-time peak NRR	117.0%	123.0%
All-time low NRR	113.0%	95.0%
QoQ change	-4.0pp	-16.0pp
YoY change	-	-14.0pp
3-year change	-	-28.0pp
Disclosures tracked	3	13

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