cust.co / Compare / Backblaze vs Nutanix

Backblaze vs Nutanix - 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.

Nutanix leads by +3pp on latest NRR (106% vs 103%).

NRR over time

100%107%113%120%126% FY2023-Q4FY2024-Q1FY2024-Q3FY2024-Q4FY2025-Q2FY2025-Q4FY2026-Q2FY2026-Q3 NRR Backblaze Nutanix Backblaze - FY2023-Q4: 123% 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% Backblaze - FY2025-Q4: 105% Backblaze - FY2026-Q1: 103% Backblaze - FY2026-Q2: 103% Nutanix - FY-2024: 121% Nutanix - FY2025-Q1: 110% Nutanix - FY2025-Q2: 110% Nutanix - FY2025-Q3: 110% Nutanix - FY2025-Q4: 108% Nutanix - FY2026-Q1: 109% Nutanix - FY2026-Q2: 107% Nutanix - FY2026-Q3: 106%

Backblaze hit a higher all-time peak (123% in FY2023-Q4).

Stat-by-stat

Metric Backblaze Nutanix
Latest NRR 103% 106%
All-time peak NRR 123% 121%
All-time low NRR 103% 106%
QoQ change +0pp -1pp
YoY change -6pp -4pp
3-year change -20pp -
Disclosures tracked 13 8

Customer cohorts

MetricBackblazeNutanix
Total customers 500,000 26,330
Over $100K ARR - -
Over $1M ARR - 148
Top-10 concentration - -
Average ACV $268 -
US revenue mix 72.3% 57%

Commercial structure

MetricBackblazeNutanix
Total RPO $396M $2.0B
Current RPO (12mo) $70M $2.9B
Multi-year contracts - -
Avg contract length - 41 mo
Subscription rev mix 39.1% 94%
New customers added - 700

Post-sales motion

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

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