Lovable
Lets people describe an app in plain English and then builds, hosts and edits the software.
- Revenue
- ARR about $400M by early 2026 and $500M by Jun 2026 (company statements and press reports, dates disputed)
- Value
- $13.3B after a $400M Series C (Aug 2026), led by Menlo Ventures
- Growth
- Reached $100M ARR about eight months after launch, around mid-2025 (press reports)
- Based in
- Stockholm, Sweden
- Listed
- Private
Non-coders can use it to make working software, which widens the market beyond developers.
Sources use different ARR and revenue definitions, and the company is private, so the figures cannot be audited.
Money coming in
Who pays Lovable, and for what.
No customers of Lovable mapped yet.
Money going out
Who Lovable pays to do what it does.
No suppliers of Lovable mapped yet.
Where it sits on the map
Competitors and neighbours
Makes ChatGPT, the assistant most people use, and sells its models to businesses through an API.
About $13B revenue in 2025, against about $34B of costs (reported)
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Annualised revenue run rate above $65B at the end of July 2026, reported from an investor update (Aug 2026)
Open profileSells Microsoft 365 Copilot inside Office and Windows, and owns a large stake in OpenAI.
20M+ users (2025)
Open profileBuilds its own AI models for writing software and licenses them to businesses.
Third-party estimates of $10M to $50M for 2025 (GetLatka says about $50M). Not company-disclosed
Open profileHosts web apps and runs AI Gateway, one endpoint for many model providers with no token markup.
About $340M run-rate (Apr 2026, reported)
Open profileBolt.new lets people build and run web apps from a prompt, inside the browser.
About $40M ARR (Mar 2025, Sacra estimate). No 2026 figure found
Open profileMakes Devin, an AI software engineer, and owns the Windsurf coding editor it bought in 2025.
About $492M ARR in 2026 (Tech Insider). A KuCoin headline says $900M ARR. Sources conflict
Open profileMakes Cursor, an AI code editor that writes and changes code for developers.
About $4B annualised revenue (early Jun 2026, reported). About 75% from enterprises (reported)
Open profileSells Droids, AI coding agents built for enterprise engineering teams.
About $60M annualised (Mar 2026, Sacra estimate), up from $5M at end 2025. The company has not published ARR
Open profileSources: letsdatascience.com, andrew.ooo, finder.techleap.nl
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