cust.co / NRR Benchmark / Security · Public · $25K-$100K ACV

Security NRR Benchmark

Median Net Revenue Retention for Public Security companies in the $25K-$100K ACV band.

Latest median NRR (FY2028-Q1)
110%
▲ 5pp QoQ
+31pp vs FY2026-Q3
5 companies
73 verified disclosures
P25–P75: 106% – 117%

NRR over time

71%89%107%125%143% FY2024-Q1FY2019-Q4FY-2020FY2022-Q1FY2023-Q2FY-2024FY2025-Q3FY2028-Q1 Median NRR Shaded area: 25th–75th percentile range across contributing companies FY2024-Q1 - 112% (NET, S, TENB, OSPN) FY2025-Q2025 - 114% (NET) FY2019-Q1 - 118% (NET) FY2019-Q2 - 122% (NET) FY2019-Q3 - 121% (NET) FY2019-Q4 - 110% (TENB) FY2020-Q1 - 117% (NET) FY2020-Q2 - 115% (NET) FY2020-Q3 - 116% (NET) FY2020-Q4 - 110% (TENB) FY-2020 - 110% (TENB) FY2021-Q1 - 123% (NET) FY2021-Q2 - 117% (NET, TENB) FY2021-Q3 - 119% (NET, TENB) FY-2021 - 117% (TENB) FY2022-Q1 - 112% (NET, S) FY2022-Q2 - 120% (S, TENB) FY2022-Q3 - 118% (TENB) FY-2022 - 123% (S, TENB) FY2023-Q1 - 118% (TENB) FY2023-Q2 - 124% (S) FY2023-Q3 - 135% (S) FY-2023 - 111% (TENB) FY2024-Q2 - 112% (S, TENB, NET, QLYS, OSPN) FY2024-Q3 - 107% (NET, TENB, QLYS, OSPN) FY-2024 - 106% (TENB, QLYS, OSPN) FY2024-Q4 - 107% (NET, OSPN, TENB, QLYS) FY2025-Q4 - 108% (S, NET, TENB, QLYS, OSPN) FY2025-Q1 - 108% (NET, QLYS, OSPN, TENB) FY2025-Q2 - 106% (TENB, NET, QLYS, OSPN) FY2025-Q3 - 105% (NET, TENB, QLYS, OSPN) FY2026-Q3 - 79% (S) FY-2025 - 104% (TENB, OSPN, QLYS) FY2026-Q4 - 109% (S) FY2026-Q1 - 105% (TENB, OSPN, QLYS) FY2028-Q1 - 110% (S) P25–P75 spread

Each point is the median of verified disclosures for that fiscal quarter. Contributors disclosed in: FY2024-Q1 (NET, S, TENB, OSPN) · FY2025-Q2025 (NET) · FY2019-Q1 (NET) · FY2019-Q2 (NET) · FY2019-Q3 (NET) · FY2019-Q4 (TENB) · FY2020-Q1 (NET) · FY2020-Q2 (NET) · FY2020-Q3 (NET) · FY2020-Q4 (TENB) · FY-2020 (TENB) · FY2021-Q1 (NET) · FY2021-Q2 (NET, TENB) · FY2021-Q3 (NET, TENB) · FY-2021 (TENB) · FY2022-Q1 (NET, S) · FY2022-Q2 (S, TENB) · FY2022-Q3 (TENB) · FY-2022 (S, TENB) · FY2023-Q1 (TENB) · FY2023-Q2 (S) · FY2023-Q3 (S) · FY-2023 (TENB) · FY2024-Q2 (S, TENB, NET, QLYS, OSPN) · FY2024-Q3 (NET, TENB, QLYS, OSPN) · FY-2024 (TENB, QLYS, OSPN) · FY2024-Q4 (NET, OSPN, TENB, QLYS) · FY2025-Q4 (S, NET, TENB, QLYS, OSPN) · FY2025-Q1 (NET, QLYS, OSPN, TENB) · FY2025-Q2 (TENB, NET, QLYS, OSPN) · FY2025-Q3 (NET, TENB, QLYS, OSPN) · FY2026-Q3 (S) · FY-2025 (TENB, OSPN, QLYS) · FY2026-Q4 (S) · FY2026-Q1 (TENB, OSPN, QLYS) · FY2028-Q1 (S).

Median GRR (gross retention) in FY2028-Q1: - - the gap to NRR (110%) 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.

3 companies in 100%–105%: TENB, QLYS, OSPN31 companies in 105%–110%: S11 companies in 115%–120%: NET1 60%80%100%120%140%160%180% median 110%

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

Top performers in this cell

  1. #1 Cloudflare NET 120% FY2025-Q4
  2. #2 SentinelOne S 110% FY2028-Q1
  3. #3 Tenable TENB 105% FY2026-Q1
  4. #4 OneSpan OSPN 105% FY2026-Q1
  5. #5 Qualys QLYS 104% FY2026-Q1

What this means

Security · 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 110% while the top 25% are at 117% - a 7pp spread between average and best-in-class. Compute your own NRR to see where you stack up.

Related cells

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