---
title: "Lovable revenue and valuation"
description: "Lovable's ARR is estimated at $480M–$730M, last reported at $600M. Valued at $13.1B after raising $1.03B. Funding rounds and competitors."
url: https://www.tryspecter.com/revenue-valuation/lovable.md
canonical_url: https://www.tryspecter.com/revenue-valuation/lovable
publisher: Specter
last_updated: 2026-11-01
---

# 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.

Lovable generates and deploys full-stack web applications from natural-language prompts.

- Estimated revenue: $480M to $730M (October 2026)
- Estimated valuation: $10.9B to $15.7B (October 2026)
- Last reported ARR: $600M (September 2026)
- Total funding: $1.03B
- Founded: 2023
- Headquarters: Stockholm, Sweden
- Employees: 1,150
- Sector: AI dev tools
- Specter Rank: #2,655

## 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.

| Reported figure | Date | Source |
| --- | --- | --- |
| $600M ARR | September 2026 | [Great start to #HumanX Amsterdam with a keynote from Lovable CTO @FabianHedin @Lovable has tripled its ARR in a year, from $200m to $600m,…](https://x.com/CISOVoice/status/2102675749735993371) (x.com) |
| $500M ARR | June 2026 | [Lovable Hits $500M ARR as AI Coding Goes Mainstream](https://www.techbuzz.ai/articles/lovable-hits-500m-arr-as-ai-coding-goes-mainstream) (techbuzz.ai) |
| $400M ARR | March 2026 | [Lovable's revenue has jumped 33 percent in a month amid vibe coding frenzy](https://www.businessinsider.com/lovables-hit-400-million-arr-doubling-in-a-few-months-2026-3) (businessinsider.com) |
| $300M ARR | January 2026 | [It's official - @Lovable has surpassed $300m ARR just two months after surpassing $200m ARR.](https://x.com/SebJohnsonUK/status/2017339797644153021) (x.com) |
| $200M ARR | November 2025 | [Hey everyone, We launched Lovable one year ago, and today we hit $200M ARR. Here's our story: (thread)](https://x.com/Lovable/status/1990812991370240472) (x.com) |
| $130M ARR | August 2025 | [These are the rockstars of Europe's AI sector](https://www.linkedin.com/posts/jakobsteinschaden_these-are-the-rockstars-of-europes-ai-sector-activity-7366735839948607488-Fsv5) (linkedin.com) |
| $90M ARR | July 2025 | [Lovable is growing insane: ~45 people ~90M ARR ~1.8B valuation ~200M series A ~2.3M active users ~180,000 paying users ~100,000+ startups a…](https://x.com/realjohntian/status/1945864042595446842) (x.com) |
| $75M ARR | June 2025 | [Swedish vibe coding hotshot Lovable tops Sifted’s B2B SaaS ranking](https://sifted.eu/articles/swedish-vibe-coding-hotshot-lovable-tops-sifteds-b2b-saas-ranking/) (sifted.eu) |
| $55M ARR | June 2025 | [Reports: Lovable about to close giant funding round – valued at 14 billion](https://www.breakit.se/artikel/43455/uppgifter-lovable-pa-vag-att-stanga-jatterunda-varderas-till-14-miljarder) (breakit.se) |
| $100M ARR | December 2024 | [🔥 $1M to $100M in 8 months🚀](https://www.linkedin.com/posts/podcastredcarpet_lovable-ai-startup-activity-7354436793192112128-jljW) (linkedin.com) |
| $120M ARR | December 2024 | [byFounders Launches €110M Fund to Scale Nordic Startups](https://www.linkedin.com/posts/cvxventures_byfounders-launches-110m-fund-to-scale-nordic-activity-7366096578605912065-DI51) (linkedin.com) |

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $590M | $480M | $730M |
| September 2026 | $600M | $500M | $720M |
| August 2026 | $600M | $500M | $720M |
| July 2026 | $550M | $450M | $670M |
| June 2026 | $500M | $420M | $600M |
| May 2026 | $450M | $370M | $550M |
| April 2026 | $400M | $330M | $480M |
| March 2026 | $400M | $330M | $480M |
| February 2026 | $310M | $260M | $380M |
| January 2026 | $240M | $200M | $290M |
| December 2025 | $200M | $166M | $240M |
| November 2025 | $200M | $166M | $240M |
| October 2025 | $161M | $129M | $200M |
| September 2025 | $130M | $108M | $156M |
| August 2025 | $130M | $108M | $156M |
| July 2025 | $100M | $83M | $120M |
| June 2025 | $64M | $53M | $77M |
| May 2025 | $101M | $84M | $122M |
| April 2025 | $103M | $79M | $133M |
| March 2025 | $104M | $80M | $136M |
| February 2025 | $106M | $85M | $132M |
| January 2025 | $108M | $88M | $132M |
| December 2024 | $70M | $58M | $84M |
| November 2024 | $1.4M | $600K | $2.2M |
| October 2024 | $1.1M | $500K | $1.6M |
| September 2024 | $1.5M | $700K | $2.2M |
| August 2024 | $2.3M | $700K | $4M |
| July 2024 | $1.2M | $500K | $2M |
| June 2024 | $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.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $13.1B | $10.9B | $15.7B |
| September 2026 | $13.3B | $11.1B | $16B |
| August 2026 | $13.3B | $11.1B | $16B |
| July 2026 | $6.6B | $5.49B | $7.93B |
| June 2026 | $6.6B | $5.49B | $7.93B |
| May 2026 | $6.6B | $5.46B | $7.98B |
| April 2026 | $6.6B | $5.49B | $7.93B |
| March 2026 | $6.33B | $5.25B | $7.62B |
| February 2026 | $6.06B | $5.06B | $7.26B |
| January 2026 | $5.81B | $4.83B | $6.98B |
| December 2025 | $6.6B | $5.49B | $7.93B |
| November 2025 | $1.8B | $1.5B | $2.16B |
| October 2025 | $1.8B | $1.5B | $2.16B |
| September 2025 | $1.8B | $1.5B | $2.16B |
| August 2025 | $1.8B | $1.5B | $2.16B |
| July 2025 | $1.8B | $1.5B | $2.16B |
| June 2025 | $1.5B | $1.25B | $1.8B |
| May 2025 | $1.43B | $770M | $2.64B |
| April 2025 | $1.36B | $790M | $2.34B |
| March 2025 | $1.29B | $800M | $2.09B |
| February 2025 | $1.22B | $770M | $1.96B |
| January 2025 | $1.16B | $790M | $1.72B |
| December 2024 | $1.11B | $820M | $1.49B |
| November 2024 | $1.05B | $860M | $1.28B |
| October 2024 | $1B | $830M | $1.2B |
| September 2024 | $660M | $490M | $910M |
| August 2024 | $980M | $720M | $1.33B |
| July 2024 | $730M | $570M | $920M |
| June 2024 | $700M | $580M | $840M |

| Reported valuation | Month | Source |
| --- | --- | --- |
| $13.1B | October 2026 | Funding round |
| $13.3B | September 2026 | [tech.eu](https://tech.eu/2026/09/04/august-european-tech-funding-falls-63-as-dealmaking-slows/) |
| $13.3B | August 2026 | Funding round |
| $6.6B | July 2026 | [cnbc.com](https://www.cnbc.com/2026/05/19/lovable-cnbc-disruptor-50-ranking.html) |
| $6.6B | June 2026 | [mezha.net](https://mezha.net/eng/bukvy/ddfaa0bc_lovable_reports_-500m/) |
| $6.6B | April 2026 | [sifted.eu](https://sifted.eu/articles/anthropic-lovable-challenger-leak) |
| $5.81B | January 2026 | [breakit.se](https://www.breakit.se/artikel/45086/ai-miljardarerna-som-ska-skanka-bort-vinsten-kartlaggning-av-borsens-ai-bolag-och-e-handlarnas-skrack-infor-chatgpt) |
| $6.6B | December 2025 | Funding round |
| $1.8B | November 2025 | [forbes.com](https://www.forbes.com/sites/melindaelmborg/2025/11/19/cash-now-not-later-the-new-startup-playbook/) |
| $1.8B | October 2025 | [x.com](https://x.com/IlirAliu_/status/1949456417863200973) |
| $1.8B | September 2025 | [sifted.eu](https://sifted.eu/articles/lovable-anton-osika-podcast/) |
| $1.8B | August 2025 | [linkedin.com](https://www.linkedin.com/posts/nicorosberg_world-record-for-fastest-growing-company-activity-7356940757095571457-wUNs) |
| $1.8B | July 2025 | Funding round |
| $1.5B | June 2025 | [breakit.se](https://www.breakit.se/artikel/43455/uppgifter-lovable-pa-vag-att-stanga-jatterunda-varderas-till-14-miljarder) |
| $1B | October 2024 | [techcrunch.com](https://www.techcrunch.com/latest/3028671/) |
| $2B | June 2024 | [techcrunch.com](https://www.techcrunch.com/venture/lovable-on-track-to-raise-150m-at-2b-valuation/) |
| $2B | April 2024 | [techfundingnews.com](https://techfundingnews.com/swedish-ai-startup-lovable-rockets-to-2b-valuation-with-150m-mega-round/) |
| $1B | November 2023 | [nyteknik.se](https://www.nyteknik.se/tech/lovable-tar-in-19-miljarder-kronor-varderas-till-17) |

## Lovable funding rounds

| Date | Round | Raised | Post-money | Lead investors |
| --- | --- | --- | --- | --- |
| 28 Oct 2026 | Secondary | $80M | $13.1B | Undisclosed |
| 12 Aug 2026 | Series C | $400M | $13.3B | EQT, Menlo Ventures |
| 18 Dec 2025 | Series B | $330M | $6.6B | Menlo Ventures, CapitalG |
| 17 Jul 2025 | Series A | $200M | $1.8B | Accel |
| 25 Feb 2025 | Seed | $15M | Undisclosed | Creandum |
| 7 Oct 2024 | Pre-Seed | $7.46M | Undisclosed | byFounders, Hummingbird Ventures |

## Lovable vs competitors

The AI app builder market is dividing between rapid code generation and complex enterprise requirements.

| Company | Estimated revenue | Estimated valuation |
| --- | --- | --- |
| Lovable | $480M–$730M | $10.9B–$15.7B |
| StackBlitz (bolt.new) | $35M–$101M | $1.2B–$2.66B |
| Base44 (base44.com) | $210M–$300M | $510M–$3.04B |
| Emergent (emergent.sh) | $108M–$156M | $1.22B–$1.81B |
| Bubble (bubble.io) | $48M–$159M | $164M–$810M |

## Questions

### 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.

## About this data

Specter models revenue and valuation monthly and anchors each estimate to reported figures and priced rounds. Method: https://www.tryspecter.com/revenue-valuation

Cite as: Specter. "Lovable revenue and valuation." tryspecter.com/revenue-valuation/lovable. Updated November 2026.