Lovable says it has hit $500M in annualized revenue, with 1 million new projects a week
Lovable, a European startup whose tool builds working software from plain-language prompts, says it has passed $500 million in annualized run-rate revenue. That is up from $400 million it reported in February 2026, and the company says users now start 1 million new projects every week. The figures point to fast adoption of so-called vibe coding among non-technical business users.
Key Takeaways
- Lovable says it has now surpassed $500 million in annualized run-rate revenue and its users are building businesses and replacing internal software.
Europe's fast-growing vibe-coding startup, Lovable, tells TechCrunch it has surpassed $500 million in annualized revenue run rate.
- It may not be on track to double that figure by summer, but it is still reporting jaw-dropping growth; the company, founded in late 2023, hasn't yet hit its three-year anniversary.
The company also claims it has been used to build over 50 million projects and says usage has accelerated to one million new projects a week.
- Why buy expensive annual contracts when you can just vibe code it yourself?
Lovable's survey appears to offer some data that this is indeed happening.
- Software operates almost like a living organism: Even well-written, well-designed code that isn't AI slop runs atop an ever-shifting stack of dependencies, third-party services, and infrastructure - all of which is constantly being updated, which means end-user software is always breaking.
- Through candid fireside chats and high-impact networking, you'll walk away with valuable insights and new connections.
Stats & Key Facts
- #Lovable, a European startup whose tool builds working software from plain-language prompts, says it has passed $500 million in annualized run-rate revenue.
- #That is up from $400 million it reported in February 2026, and the company says users now start 1 million new projects every week.
- #Lovable says it has now surpassed $500 million in annualized run-rate revenue and its users are building businesses and replacing internal software.
- #Europe's fast-growing vibe-coding startup, Lovable, tells TechCrunch it has surpassed $500 million in annualized revenue run rate.
Lovable says it has now surpassed $500 million in annualized run-rate revenue and its users are building businesses and replacing internal software. Europe's fast-growing vibe-coding startup, Lovable, tells TechCrunch it has surpassed $500 million in annualized revenue run rate. Lovable last discussed its revenue in February, when the company said it crossed $400 million .
In August, 2024, Lovable said it could hit $1 billion in annualized revenue within 12 months. It may not be on track to double that figure by summer, but it is still reporting jaw-dropping growth; the company, founded in late 2023, hasn't yet hit its three-year anniversary. The company also claims it has been used to build over 50 million projects and says usage has accelerated to one million new projects a week.
According to a survey of those projects that run on the company's blog, Lovable says its users are primarily non-technical, yet are increasingly building software they intend to monetize or use in their businesses. Its users are founders, designers, and salespeople building websites and e-commerce storefronts, as well as internal tools like CRMs, inventory systems, and HR platforms, the company says. AI vibe-coding platforms have been seen as a threat to legacy SaaS software.
For more details please read the original article at TechCrunch AI.
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