Lovable hit $500 million in revenue with 146 employees. Its new data shows who is actually building software now.
TL;DR
Lovable published its first “build economy” report showing 80% of builders are non-technical, 720M monthly visits to projects, and 8 in 10 users plan to monetise. The company claims $500M ARR with 146 employees. Data is self-reported and unaudited.
Lovable, the Swedish vibe-coding platform that lets users build apps through natural language, has published its first data report on what it calls the “build economy.” The report draws on product usage data from January 2025 to May 2026, alongside a May 2026 user survey, and describes a shift in who builds software, what they build, and why.
The company says it has surpassed $500 million in annualised revenue run rate, up from $400 million in February, when it added $100 million in a single monthwith just 146 employees. That translates to roughly $2.77 million in ARR per employee, a figure that exceeds Gartner’s 2030 prediction for unicorns by...
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