---
title: "Lovable says it has hit $500M in annualized revenue, with 1 million new projects a week"
url: https://daily.dev/posts/lovable-says-it-has-hit-500m-in-annualized-revenue-with-1-million-new-projects-a-week-0rjr0nby6
source_url: https://techcrunch.com/2026/06/09/lovable-says-it-has-hit-500m-in-annualized-revenue-with-1-million-new-projects-a-week
type: article
source: "TechCrunch"
published: 2026-06-09T13:01:19.240Z
updated: 2026-06-25T02:13:02.299Z
tags: ["ai-coding", "lovable", "vibe-coding"]
reading_time: 2
upvotes: 1
comments: 0
language: en
---

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

**[TechCrunch](https://daily.dev/sources/tc)** · 2 min read · 1 upvotes · 0 comments

## Summary

Lovable, the European vibe coding startup, has surpassed $500M in annualized run-rate revenue and reports 1 million new projects created per week, with over 50 million total projects built on the platform. Users are primarily non-technical founders, designers, and salespeople building monetizable software and internal tools like CRMs and HR platforms. The piece raises questions about long-term viability, noting that the real challenge isn't building software but maintaining it as dependencies and infrastructure shift — and whether low project abandonment rates will validate the so-called 'SaaSpocalypse' narrative.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://techcrunch.com/2026/06/09/lovable-says-it-has-hit-500m-in-annualized-revenue-with-1-million-new-projects-a-week>

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Tags: [#ai-coding](https://daily.dev/tags/ai-coding), [#lovable](https://daily.dev/tags/lovable), [#vibe-coding](https://daily.dev/tags/vibe-coding)

[View this post on daily.dev](https://daily.dev/posts/lovable-says-it-has-hit-500m-in-annualized-revenue-with-1-million-new-projects-a-week-0rjr0nby6)