Lovable Hits $400M ARR as AI Coding Tools Print Money
Stockholm's Lovable grew ARR from $300M to $400M since January, while rival Cursor crossed $2B in annualized revenue.
AI coding startup Lovable just crossed $400 million in annual recurring revenue. The Stockholm-based company was sitting at $300M ARR back in January, meaning it tacked on another $100M in just a few months. That's absurd growth by any standard.
And Lovable isn't even the biggest name in the space. Cursor, its primary rival in the AI-assisted coding market, reportedly hit $2 billion in annualized revenue back in February. Let that sink in — $2B.
The numbers tell a clear story. Developers and companies are pouring money into AI coding tools at a pace that makes traditional SaaS growth curves look quaint. The race to become the default AI development environment is attracting serious spending, and the revenue ramp for these tools shows no signs of flattening out.