cust.co / Compare / Backblaze vs Palantir

Backblaze vs Palantir - 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.

Palantir leads by +47pp on latest NRR (150% vs 103%).

NRR over time

50%78%107%135%163% FY2023-Q4FY2024-Q1FY2024-Q3FY2024-Q4FY2025-Q2FY2025-Q4FY2026-Q2 NRR Backblaze Palantir 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% Palantir - FY2024-Q3: 118% Palantir - FY2024-Q4: 63% Palantir - FY2025-Q1: 66% Palantir - FY2025-Q2: 128% Palantir - FY2025-Q3: 134% Palantir - FY2025-Q4: 139% Palantir - FY2026-Q1: 150%

Palantir hit a higher all-time peak (150% in FY2026-Q1).

Stat-by-stat

Metric Backblaze Palantir
Latest NRR 103% 150%
All-time peak NRR 123% 150%
All-time low NRR 103% 63%
QoQ change +0pp +11pp
YoY change -6pp +84pp
3-year change -20pp -
Disclosures tracked 13 7

Customer cohorts

MetricBackblazePalantir
Total customers 500,000 1,007
Over $100K ARR - -
Over $1M ARR - 157
Top-10 concentration - -
Average ACV $268 -
US revenue mix 72.3% 78.5%

Commercial structure

MetricBackblazePalantir
Total RPO $396M $4.5B
Current RPO (12mo) $70M -
Multi-year contracts - -
Avg contract length - -
Subscription rev mix 39.1% -
New customers added - -

Post-sales motion

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

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