cust.co / Compare / DigitalOcean vs Backblaze

DigitalOcean 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.

Backblaze leads by +2pp on latest NRR (103% vs 101%).

NRR over time

93%102%110%118%127% FY2020-Q1FY2022-Q1FY2023-Q3FY2024-Q3FY2025-Q1FY2025-Q4FY-2023FY2026-Q2 NRR DigitalOcean Backblaze DigitalOcean - FY2020-Q1: 101% DigitalOcean - FY2021-Q1: 107% DigitalOcean - FY2021-Q3: 103% DigitalOcean - FY2022-Q1: 107% DigitalOcean - FY2022-Q3: 113% DigitalOcean - FY2023-Q1: 117% DigitalOcean - FY2023-Q3: 112% DigitalOcean - FY2024-Q1: 104% DigitalOcean - FY2024-Q2: 97% DigitalOcean - FY2024-Q3: 97% DigitalOcean - FY2024-Q4: 99% DigitalOcean - FY-2024: 98% DigitalOcean - FY2025-Q1: 100% DigitalOcean - FY2025-Q2: 99% DigitalOcean - FY2025-Q3: 99% DigitalOcean - FY2025-Q4: 101% DigitalOcean - FY2026-Q1: 101% Backblaze - FY2024-Q1: 112% Backblaze - FY2024-Q2: 114% Backblaze - FY2024-Q3: 118% Backblaze - FY2024-Q4: 116% Backblaze - FY-2024: 116% Backblaze - FY2025-Q1: 105% Backblaze - FY2025-Q2: 109% Backblaze - FY2025-Q3: 106% Backblaze - FY2025-Q4: 105% Backblaze - FY2026-Q1: 103% Backblaze - FY2023-Q4: 123% Backblaze - FY-2023: 109% Backblaze - FY2026-Q2: 103%

Backblaze hit a higher all-time peak (123% in FY2023-Q4). Over 3 years, DigitalOcean is flat +0pp; Backblaze is down -20pp.

Stat-by-stat

Metric DigitalOcean Backblaze
Latest NRR 101% 103%
All-time peak NRR 117% 123%
All-time low NRR 97% 103%
QoQ change +0pp +0pp
YoY change +1pp -6pp
3-year change +0pp -20pp
Disclosures tracked 17 13

Customer cohorts

MetricDigitalOceanBackblaze
Total customers 21,736 500,000
Over $100K ARR 632 -
Over $1M ARR 45 -
Top-10 concentration - -
Average ACV $116 $268
US revenue mix 41% 72.3%

Commercial structure

MetricDigitalOceanBackblaze
Total RPO $894M $396M
Current RPO (12mo) $366M $70M
Multi-year contracts - -
Avg contract length - -
Subscription rev mix - 39.1%
New customers added - -

Post-sales motion

MetricDigitalOceanBackblaze
CS team size - -
Customers per CSM - -
Pricing model hybrid hybrid
Renewal cadence multi-year multi-year
CSM coverage model hybrid hybrid
Top customer exec - unnamed

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