Lovable, a European startup specializing in vibe coding, has announced that it has surpassed $500 million in annualized revenue. The company, which was founded in late 2023, reported this figure as of June 2026. This marks a significant increase from its previous revenue disclosure in February 2026, when it had crossed $400 million. Lovable also claims that its platform has been used to build over 50 million projects, with usage accelerating to one million new projects per week. The company attributes this growth to its expanding user base, which includes non-technical individuals building software for business purposes.
According to Lovable, its users are primarily founders, designers, and salespeople creating websites, e-commerce storefronts, and internal tools such as CRMs, inventory systems, and HR platforms. The company says this trend highlights the growing appeal of vibe coding as an alternative to traditional software development. However, Lovable acknowledges that the long-term viability of vibe-coded software remains uncertain, as maintaining such applications presents ongoing challenges due to the dynamic nature of software dependencies and infrastructure.
Lovable’s survey of its users suggests that the approach is gaining traction, with many opting to build rather than buy software. The company, however, has not yet provided data on project abandonment rates, which could offer insight into the sustainability of the vibe coding movement. The broader implications for the SaaS industry remain to be seen as the platform continues to evolve. Source: techcrunch
