cust.co / Compare / CoreWeave vs Backblaze

CoreWeave 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.

CoreWeave leads by +65pp on latest NRR (168% vs 103%).

NRR over time

92%114%135%156%178% FY2023-Q4FY2026-Q1FY-2023FY2024-Q2FY-2024FY2025-Q1FY2025-Q3 NRR CoreWeave Backblaze CoreWeave - FY2023-Q4: 102% CoreWeave - FY2025-Q4: 168% CoreWeave - FY2026-Q1: 155% CoreWeave - FY2026-Q2: 168% Backblaze - FY2023-Q4: 123% Backblaze - FY2025-Q4: 105% Backblaze - FY2026-Q1: 103% Backblaze - FY2026-Q2: 103% Backblaze - FY-2023: 109% Backblaze - FY2024-Q1: 112% Backblaze - FY2024-Q2: 114% Backblaze - FY2024-Q3: 118% Backblaze - FY-2024: 116% Backblaze - FY2024-Q4: 116% Backblaze - FY2025-Q1: 105% Backblaze - FY2025-Q2: 109% Backblaze - FY2025-Q3: 106%

CoreWeave hit a higher all-time peak (168% in FY2025-Q4).

Stat-by-stat

Metric CoreWeave Backblaze
Latest NRR 168% 103%
All-time peak NRR 168% 123%
All-time low NRR 102% 103%
QoQ change +13pp +0pp
YoY change - -6pp
3-year change - -20pp
Disclosures tracked 4 13

Customer cohorts

MetricCoreWeaveBackblaze
Total customers 542 500,000
Over $100K ARR 214 -
Over $1M ARR 86 -
Top-10 concentration - -
Average ACV - $268
US revenue mix 94.6% 72.3%

Commercial structure

MetricCoreWeaveBackblaze
Total RPO $7.5B $396M
Current RPO (12mo) $2.1B $70M
Multi-year contracts - -
Avg contract length 60 mo -
Subscription rev mix 98% 39.1%
New customers added - -

Post-sales motion

MetricCoreWeaveBackblaze
CS team size - -
Customers per CSM - -
Pricing model subscription hybrid
Renewal cadence multi-year multi-year
CSM coverage model account-named hybrid
Top customer exec - unnamed

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