Lovable says it has hit $500M in annualized revenue, with 1 million new projects a week | TechCrunch

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6:00 AM PDT · June 9, 2026

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.