cust.co / NRR Benchmark / AI Infrastructure · Public · Under $5K ACV

AI Infrastructure NRR Benchmark

Median Net Revenue Retention for Public AI Infrastructure companies in the Under $5K ACV band.

Latest median NRR (FY2026-Q1)
98%
▼ 4.5pp QoQ
-6pp vs FY2025-Q2
2 companies
31 verified disclosures
P25–P75: 100% – 112%

NRR over time

94%102%111%119%127% FY2020-Q1FY2022-Q1FY2023-Q3FY2024-Q1FY2024-Q4FY2025-Q2FY-2025FY2026-Q1 Median NRR FY2020-Q1 - 101% (DOCN) FY2021-Q1 - 107% (DOCN) FY2021-Q3 - 103% (DOCN) FY2022-Q1 - 107% (DOCN) FY2022-Q3 - 113% (DOCN) FY2023-Q1 - 117% (DOCN) FY2023-Q3 - 112% (DOCN) FY2023-Q4 - 123% (BLZE) FY-2023 - 109% (BLZE) FY2024-Q1 - 108% (DOCN, BLZE) FY2024-Q2 - 106% (DOCN, BLZE) FY2024-Q3 - 108% (DOCN, BLZE) FY2024-Q4 - 107% (DOCN, BLZE) FY-2024 - 107% (DOCN, BLZE) FY2025-Q1 - 102% (DOCN, BLZE) FY2025-Q2 - 104% (DOCN, BLZE) FY2025-Q3 - 102% (DOCN, BLZE) FY2025-Q4 - 105% (DOCN, BLZE) FY-2025 - 102% (DOCN, BLZE) FY2026-Q1 - 98% (BLZE, DOCN)

Each point is the median of verified disclosures for that fiscal quarter. Contributors disclosed in: FY2020-Q1 (DOCN) · FY2021-Q1 (DOCN) · FY2021-Q3 (DOCN) · FY2022-Q1 (DOCN) · FY2022-Q3 (DOCN) · FY2023-Q1 (DOCN) · FY2023-Q3 (DOCN) · FY2023-Q4 (BLZE) · FY-2023 (BLZE) · FY2024-Q1 (DOCN, BLZE) · FY2024-Q2 (DOCN, BLZE) · FY2024-Q3 (DOCN, BLZE) · FY2024-Q4 (DOCN, BLZE) · FY-2024 (DOCN, BLZE) · FY2025-Q1 (DOCN, BLZE) · FY2025-Q2 (DOCN, BLZE) · FY2025-Q3 (DOCN, BLZE) · FY2025-Q4 (DOCN, BLZE) · FY-2025 (DOCN, BLZE) · FY2026-Q1 (BLZE, DOCN).

Median GRR (gross retention) in FY2026-Q1: 91% - the gap to NRR (98%) shows how much expansion is lifting the retention number.

Distribution - where do companies fall?

Each bar = a 5-percentage-point band. Hover for the companies in that band.

1 companies in 90%–95%: BLZE11 companies in 100%–105%: DOCN1 60%80%100%120%140%160%180% median 105%

Latest verified NRR per company. Run the calculator to see where you'd land on this distribution.

Top performers in this cell

  1. #1 DigitalOcean DOCN 101% FY2026-Q1
  2. #2 Backblaze BLZE 95% FY2026-Q1

What this means

AI Infrastructure · Public stage - NRR captures how much your existing customers grow versus shrink, before any new logos. Top performers expand existing accounts faster than they lose them, compounding ARR even if new sales slow.

The expansion gap is real: the median company in this cell sits at 105% while the top 25% are at 112% - a 7pp spread between average and best-in-class. Compute your own NRR to see where you stack up.

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