Lovable, a Swedish vibe coding startup founded in late 2023, announced it has surpassed $500 million in annual recurring revenue as of June 9, 2026 [1, 2]. The platform hosts over 50 million projects total, with users creating 1 million new projects weekly [1].
Lovable’s user base primarily consists of non-technical founders, designers, and salespeople building websites, e-commerce stores, and internal tools such as CRMs, inventory, and HR systems [1]. More than half—54.6%—say they are building businesses, while 24.6% are working on side projects they hope to monetize, though 60.5% are not yet earning revenue from their projects [2].
The platform’s users are predominantly men at 82.1%, with women comprising 14% and the remainder nonbinary or other identities [2]. Solo builders remain the majority but declined from 88.8% earlier in 2026 to around 80%, reflecting growing team usage [2].
The United States accounts for about 25% of Lovable’s active users, marking it as the company’s largest market [2]. CEO Anton Osika said, "What gives me conviction is the pattern. More than half of users say they are building a business, and another quarter have side projects they're actively trying to monetize." He added, "The next great company does not need a big team or a technical founder. It starts with someone who knows the problem firsthand and now has a way to build." [2]
In August 2024, Lovable projected it could reach $1 billion in annualized revenue within 12 months [1]. From January 2025 to May 2026, the company collected anonymized user data and survey responses for its first 'build economy' report [2].
Lovable has not yet reached its third anniversary since founding, highlighting rapid growth to half a billion dollars in recurring revenue within less than three years [1]. The company’s next milestones will be closely watched by the tech community.
