cust.co / Compare / Snowflake vs Backblaze

Snowflake 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.

Snowflake leads by +23pp on latest NRR (126% vs 103%).

NRR over time

92%116%141%165%189% FY2020-Q4FY2022-Q1FY-2022FY2025-Q1FY-2025FY-2026FY-2023FY-2024FY2024-Q4 NRR Snowflake Backblaze Snowflake - FY2020-Q4: 160% Snowflake - FY2021-Q3: 160% Snowflake - FY-2021: 168% Snowflake - FY2021-Q4: 168% Snowflake - FY2022-Q1: 168% Snowflake - FY2022-Q2: 169% Snowflake - FY2022-Q3: 173% Snowflake - FY2022-Q4: 177% Snowflake - FY-2022: 178% Snowflake - FY2023-Q1: 174% Snowflake - FY2023-Q2: 171% Snowflake - FY2023-Q4: 158% Snowflake - FY2025-Q1: 129% Snowflake - FY2025-Q2: 128% Snowflake - FY2025-Q3: 127% Snowflake - FY2025-Q4: 126% Snowflake - FY-2025: 126% Snowflake - FY2026-Q1: 124% Snowflake - FY2026-Q2: 125% Snowflake - FY2026-Q3: 125% Snowflake - FY-2026: 125% Snowflake - FY2026-Q4: 125% Snowflake - FY2027-Q1: 126% Snowflake - FY2027-Q2: 126% Backblaze - FY2023-Q4: 123% 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% Backblaze - FY2024-Q1: 112% Backblaze - FY2024-Q2: 114% Backblaze - FY2024-Q3: 118% Backblaze - FY-2024: 116% Backblaze - FY2024-Q4: 116%

Snowflake hit a higher all-time peak (178% in FY-2022). Over 3 years, Snowflake is down -34pp; Backblaze is down -20pp.

Stat-by-stat

Metric Snowflake Backblaze
Latest NRR 126% 103%
All-time peak NRR 178% 123%
All-time low NRR 124% 103%
QoQ change +0pp +0pp
YoY change +1pp -6pp
3-year change -34pp -20pp
Disclosures tracked 24 13

Customer cohorts

MetricSnowflakeBackblaze
Total customers 13,912 500,000
Over $100K ARR - -
Over $1M ARR 79 -
Top-10 concentration - -
Average ACV - $268
US revenue mix 76% 72.3%

Commercial structure

MetricSnowflakeBackblaze
Total RPO $6.9B $396M
Current RPO (12mo) - $70M
Multi-year contracts - -
Avg contract length - -
Subscription rev mix 95% 39.1%
New customers added 616 -

Post-sales motion

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

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