cust.co / Newsletter

The Weekly Retention Briefing

3 biggest NRR movers across public B2B SaaS, every Monday at 8am ET. Plus this week's new disclosures and one cell-level callout. Built directly from SEC filings — no fluff, no SaaS theory.

Sample · upcoming issue

Here's what you'd have gotten this week

Built fresh on every site rebuild. Subscribe above to get the first one in your inbox.

Cust · Weekly Retention Briefing

Week of 2026-05-08

This week
Horizontal Collaboration median NRR contracted 7.7pp this quarter across 3 cells we track.

Top 3 movers

SentinelOne S
NRR expanded from 79% (FY2026-Q3) → 109% (FY2026-Q4) ▲ 30pp
Back above 100% for the first time since prior decline
Backblaze BLZE
NRR contracted from 111% (FY2025-Q4) → 95% (FY2026-Q1) ▼ 16pp
First quarter below 100% in our tracked history
Palantir PLTR
NRR expanded from 139% (FY2025-Q4) → 150% (FY2026-Q1) ▲ 11pp
New all-time peak in our tracked history
From the filing
"For customers with $100,000 or more in ARR, our gross retention rate was 96% in Q4. Our dollar-based net retention rate"
- SentinelOne (S), FY2026-Q4 earnings-call-transcript · read filing
How they operate · Datadog

Datadog's NRR engine is product modules, not CSM relationships

Datadog has historically reported NRR above 130%, and the mechanism is well-documented in their earnings calls: customers land on one or two product modules (Logs, APM, Infrastructure) and then expand onto additional ones over time. The CFO has noted that customers using 4+ Datadog products are far stickier and have materially higher NRR than those on 1-2. So Datadog's CS motion is structured around 'next-best-product' - CSMs are explicitly trained to identify which next module a customer should adopt and to make the expansion case. That's why their CSM-to-customer ratio can stay relatively lean: the product surface itself drives expansion, and CS just lights the way.

New disclosures this week

Coursera COUR · FY2026-Q1 90% NRR
Backblaze BLZE · FY2026-Q1 95% NRR
Weave WEAV · FY2026-Q1 92% NRR
Tenable TENB · FY2026-Q1 105% NRR
Palantir PLTR · FY2026-Q1 150% NRR
Five9 FIVN · FY2026-Q1 105% NRR
OneSpan OSPN · FY2026-Q1 105% NRR
CCC Intelligent Solutions CCCS · FY2026-Q1 107% NRR
Cell to watch
Horizontal Collaboration · Public · Under $5K ACV
Median NRR contracted ▼ 15pp this quarter - now 93% across 2 companies.
See cell breakdown →

Built from SEC filings, earnings releases, and conference call transcripts. Verified before publishing.

Reply with "stop" to unsubscribe. View the live benchmark at cust.co/nrr-benchmark.

What's in every issue

  1. Top 3 movers. Companies with the biggest QoQ NRR change in the past week. Each one links to its full historical time series.
  2. This week's new disclosures. Every B2B SaaS company that reported NRR in the past 7 days, with the headline figure and the period.
  3. Cell to watch. The vertical-stage-ACV cell whose median moved most. Where the segment is trending.

Why it exists

Most CS leaders learn about a peer's NRR shift months after the fact — either from a board deck slide or from a conference panel. By the time the news lands, the action is gone. This briefing closes that gap. The data is already public, in the SEC filing the company released last Tuesday. We just stitch it into one email so you don't have to read 35 10-Q's a week to keep up.

What's not in it

Run by the team at Cust, an AI customer-success platform. The briefing is free and always will be — it's how we contribute to the CS community while we build the product.

Browse past issues →