Lovable's Annualized Revenue Tops $600 Million As Vibe Coding Grows

On a stage at the HumanX summit in Amsterdam on Thursday, Lovable co-founder Fabian Hedin told the audience that the artificial intelligence startup's annualized revenue has crossed $600 million, up from roughly $500 million in June, according to TechCrunch.

Hedin said the company has spent recent months building out its enterprise business rather than chasing consumer growth alone. He told the crowd that two-thirds of Fortune 500 companies now use Lovable's product, and that customers include Microsoft, Nvidia and Deutsche Telekom, TechCrunch reported.

What Is Vibe Coding?

The term describes AI tools that let people build software by describing what they want in plain language rather than writing code line by line. Lovable is one of several companies competing in that space alongside tools such as Anthropic's Claude Code and OpenAI's Codex, according to the TechCrunch report. Hedin drew a distinction between those code-generation tools and what Lovable sells.

"You can use these tools [like Codex or Claude Code] to output code. The difference is that Lovable does not output code. The output is a product, and increasingly so, a business. We do a lot of things around hosting, deployment, and scaling apps," Hedin said, according to TechCrunch.

How Many People Use Apps Built On Lovable?

Hedin said apps created by Lovable's users draw close to a billion visits a month combined, a figure he described as an order of magnitude larger than traffic to Lovable's own site, per TechCrunch. That claim underscores the company's pitch: customers are not just testing a coding tool, they are shipping products that reach real audiences.

How Has Lovable's Valuation Changed This Year?

The revenue figure follows a run of fundraising that has more than doubled the company's private valuation in under a year, based on the TechCrunch report:

• December 2025: Lovable raises $300 million from Menlo Ventures and CapitalG at a $6.6 billion valuation.
• June 2026: The company says annualized revenue is around $500 million.
• August 2026: Lovable raises $400 million from Menlo Ventures and the Scaleup Europe Fund at a $13.3 billion valuation.
• September 2026: Hedin announces annualized revenue has crossed $600 million at the HumanX summit in Amsterdam.

That is more than $700 million raised across two rounds spaced eight months apart, TechCrunch reported.

What Does "Annualized Revenue" Actually Mean Here?

The figure Lovable cites is a run-rate calculation — current monthly revenue multiplied by twelve — rather than audited annual sales, a distinction common among fast-growing software startups that has not been independently verified in the source material. Neither Lovable nor TechCrunch's report specified how the company calculates the figure or whether it reflects gross bookings, net revenue, or another measure.

What Comes Next For Lovable?

Hedin's comments focused on enterprise expansion rather than new product announcements, and TechCrunch's report did not include projections beyond the current run-rate figure. The company's rapid valuation growth — from $6.6 billion to $13.3 billion in eight months — suggests investors are betting the enterprise push continues, though the report did not detail specific growth targets for the remainder of the year.

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