Lovable revenue and valuation
Specter estimates Lovable's annual revenue at $480M to $730M and its valuation at $10.9B to $15.7B. The company last reported $600M ARR in September 2026 and was priced at $13.1B in October 2026.
- Estimated revenue
- $480M–$730M
- Estimated valuation
- $10.9B–$15.7B
- Reported ARR
- $600M
- Total funding
- $1.03B
- Founded
- 2023
- Headquarters
- Stockholm, Sweden
- Employees
- 1,150
Lovable revenue
Lovable grew from $120M ARR in December 2024 to $600M in September 2026. Specter's model puts current ARR between $480M and $730M, anchored to 11 reported figures.
Monthly data
| Month | Specter estimate | Low | High | Reported ARR |
|---|---|---|---|---|
| $590M | $480M | $730M | ||
| $600M | $500M | $720M | $600M | |
| $600M | $500M | $720M | ||
| $550M | $450M | $670M | ||
| $500M | $420M | $600M | $500M | |
| $450M | $370M | $550M | ||
| $400M | $330M | $480M | ||
| $400M | $330M | $480M | $400M | |
| $310M | $260M | $380M | ||
| $240M | $200M | $290M | $300M | |
| $200M | $166M | $240M | ||
| $200M | $166M | $240M | $200M | |
| $161M | $129M | $200M | ||
| $130M | $108M | $156M | ||
| $130M | $108M | $156M | $130M | |
| $100M | $83M | $120M | $90M | |
| $64M | $53M | $77M | $75M | |
| $101M | $84M | $122M | ||
| $103M | $79M | $133M | ||
| $104M | $80M | $136M | ||
| $106M | $85M | $132M | ||
| $108M | $88M | $132M | ||
| $70M | $58M | $84M | $100M | |
| $1.4M | $600K | $2.2M | ||
| $1.1M | $500K | $1.6M | ||
| $1.5M | $700K | $2.2M | ||
| $2.3M | $700K | $4M | ||
| $1.2M | $500K | $2M | ||
| $1.1M | $500K | $1.8M |
Lovable valuation
Lovable's valuation rose from $1.8B at its Series A in July 2025 to $13.3B at its Series C in August 2026. An October 2026 secondary sale priced it at $13.1B. Specter's live estimate sits between $10.9B and $15.7B.
Monthly data
| Month | Specter estimate | Low | High | Reported valuation |
|---|---|---|---|---|
| $13.1B | $10.9B | $15.7B | $13.1B (round) | |
| $13.3B | $11.1B | $16B | $13.3B (press) | |
| $13.3B | $11.1B | $16B | $13.3B (round) | |
| $6.6B | $5.49B | $7.93B | $6.6B (press) | |
| $6.6B | $5.49B | $7.93B | $6.6B (press) | |
| $6.6B | $5.46B | $7.98B | ||
| $6.6B | $5.49B | $7.93B | $6.6B (press) | |
| $6.33B | $5.25B | $7.62B | ||
| $6.06B | $5.06B | $7.26B | ||
| $5.81B | $4.83B | $6.98B | $5.81B (press) | |
| $6.6B | $5.49B | $7.93B | $6.6B (round) | |
| $1.8B | $1.5B | $2.16B | $1.8B (press) | |
| $1.8B | $1.5B | $2.16B | $1.8B (press) | |
| $1.8B | $1.5B | $2.16B | $1.8B (press) | |
| $1.8B | $1.5B | $2.16B | $1.8B (press) | |
| $1.8B | $1.5B | $2.16B | $1.8B (round) | |
| $1.5B | $1.25B | $1.8B | $1.5B (press) | |
| $1.43B | $770M | $2.64B | ||
| $1.36B | $790M | $2.34B | ||
| $1.29B | $800M | $2.09B | ||
| $1.22B | $770M | $1.96B | ||
| $1.16B | $790M | $1.72B | ||
| $1.11B | $820M | $1.49B | ||
| $1.05B | $860M | $1.28B | ||
| $1B | $830M | $1.2B | $1B (press) | |
| $660M | $490M | $910M | ||
| $980M | $720M | $1.33B | ||
| $730M | $570M | $920M | ||
| $700M | $580M | $840M | $2B (press) |
Lovable funding rounds
| Date | Round | Raised | Post-money valuation | Lead investors |
|---|---|---|---|---|
| Secondary | $80M | $13.1B | Undisclosed | |
| Series C | $400M | $13.3B | EQT, Menlo Ventures | |
| Series B | $330M | $6.6B | Menlo Ventures, CapitalG | |
| Series A | $200M | $1.8B | Accel | |
| Seed | $15M | Undisclosed | Creandum | |
| Pre-Seed | $7.46M | Undisclosed | byFounders, Hummingbird Ventures |
Lovable competitors
The AI app builder market is dividing between rapid code generation and complex enterprise requirements.
| Company | Revenue | Valuation |
|---|---|---|
| $480M–$730M | $10.9B–$15.7B | |
| $35M–$101M | $1.2B–$2.66B | |
| $210M–$300M | $510M–$3.04B | |
| $108M–$156M | $1.22B–$1.81B | |
| $48M–$159M | $164M–$810M |
Lovable revenue and valuation FAQ
What is Lovable's revenue?
Specter estimates Lovable's annual recurring revenue at $480M to $730M as of October 2026. Lovable last reported $600M ARR in September 2026, up from $120M in December 2024.
What is Lovable's valuation?
Lovable's latest post-money valuation is $13.1B, from an October 2026 secondary sale. Its last primary round was a $400M Series C at $13.3B in August 2026, led by EQT and Menlo Ventures. Specter's live estimate is $10.9B to $15.7B.
What is Lovable's revenue multiple?
Lovable is valued at about 21.8× ARR, based on its $13.1B October 2026 valuation and $600M last reported ARR. That works out to roughly $522K of ARR per employee.
How much funding has Lovable raised?
$1.03B across six rounds, from a $7.46M Pre-Seed in October 2024 to an $80M Secondary in October 2026.
Who invested in Lovable?
58 investors, including Accel, byFounders, CapitalG, Creandum, EQT and Menlo Ventures.
Who are Lovable's competitors?
StackBlitz, Base44, Emergent and Bubble. Specter ranks 29 competitors for Lovable.