cust.co / Compare / Fastly vs Backblaze

Fastly 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 +3pp on latest NRR (103% vs 100%).

NRR over time

92%107%123%139%155% FY2019-Q2FY2020-Q4FY2023-Q1FY2024-Q2FY-2024FY2025-Q3FY2026-Q2FY-2023 NRR Fastly Backblaze Fastly - FY2019-Q2: 136% Fastly - FY2020-Q2: 137% Fastly - FY2020-Q3: 147% Fastly - FY2020-Q4: 121% Fastly - FY-2020: 123% Fastly - FY2022-Q4: 122% Fastly - FY2023-Q1: 120% Fastly - FY2023-Q4: 113% Fastly - FY2024-Q1: 114% Fastly - FY2024-Q2: 110% Fastly - FY2024-Q3: 105% Fastly - FY2024-Q4: 99% Fastly - FY-2024: 102% Fastly - FY2025-Q1: 110% Fastly - FY2025-Q2: 104% Fastly - FY2025-Q3: 106% Fastly - FY2025-Q4: 110% Fastly - FY2026-Q1: 113% Fastly - FY2026-Q2: 117% Fastly - FY2028-Q1: 100% Backblaze - FY2023-Q4: 123% 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 - FY2026-Q2: 103% Backblaze - FY-2023: 109%

Fastly hit a higher all-time peak (147.4% in FY2020-Q3). Over 3 years, Fastly is down -35.5pp; Backblaze is down -20pp.

Stat-by-stat

Metric Fastly Backblaze
Latest NRR 100% 103%
All-time peak NRR 147.4% 123%
All-time low NRR 99% 103%
QoQ change -17pp +0pp
YoY change -6pp -6pp
3-year change -35.5pp -20pp
Disclosures tracked 20 13

Customer cohorts

MetricFastlyBackblaze
Total customers 3,092 500,000
Over $100K ARR 624 -
Over $1M ARR - -
Top-10 concentration 37% -
Average ACV - $268
US revenue mix 71% 72.3%

Commercial structure

MetricFastlyBackblaze
Total RPO $341M $396M
Current RPO (12mo) $269M $70M
Multi-year contracts - -
Avg contract length 12 mo -
Subscription rev mix - 39.1%
New customers added - -

Post-sales motion

MetricFastlyBackblaze
CS team size - -
Customers per CSM - -
Pricing model hybrid hybrid
Renewal cadence consumption multi-year
CSM coverage model account-named hybrid
Top customer exec Charles Compton unnamed

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