What are the top vibe coding startups by revenue today?

The ranking of top startups in the vibe coding market by revenue

Below is a table ranking the startups of this market by their current revenue scale. You can find our methodology at the end of this page.

If you want a deeper understanding of the market and its current dynamics, get our report on the vibe coding market.

Why has vibe coding become such a big business so quickly?

Vibe coding has become a multibillion-dollar business, with several AI coding startups already generating more than $1B in annualized revenue.

It happened fast. Cursor passed $4B in annualized revenue in June 2026, according to Dealroom. Anthropic reported that Claude Code exceeded a $2.5B revenue run-rate in February, more than doubling since the beginning of the year. Cognition crossed $1B in September, less than two years after its Devin coding agent became generally available.

Application builders are growing almost as aggressively. Lovable went from approximately $500M in annualized revenue in June 2026 to more than $600M by September. Base44 grew from $59M ARR at the end of 2025 to more than $200M by August 2026.

Behind these figures are two different businesses. Professional coding agents are taking on more of the work previously done by software engineers, while prompt-to-app platforms are letting people create applications without knowing how to program.

Both have found customers willing to pay. Several reached in months what used to take software startups years.

What counts as a vibe coding startup today?

Vibe coding startups now cover everything from AI programming assistants to platforms that build entire applications from a written description.

Cursor, Windsurf, and Augment Code represent AI coding environments. Anthropic's Claude Code, Cognition's Devin, Factory, and Cline focus on agents that can modify code, investigate problems, and carry out development tasks.

Lovable, Replit, Base44, and Emergent serve a somewhat different audience. Their products let users describe an application and have AI generate much of the software needed to make it work.

The market also includes platforms that existed before vibe coding became popular. Figma introduced Figma Make, Vercel developed v0, and Retool expanded into AI-assisted internal application development.

These companies do not all generate revenue in the same way. Anthropic's disclosed figure concerns Claude Code specifically, while Figma's financial results cover its entire design and product-development platform.

We include these businesses because AI-generated software has become a meaningful part of their products. However, we distinguish company-wide revenue from product-specific revenue whenever the difference affects the comparison.

Which vibe coding startups make the most revenue today?

Cursor currently tops the vibe coding startup ranking, followed by Anthropic, Cognition, Figma, Lovable, Vercel, and Replit.

Cursor's reported annualized revenue exceeds $4B, Anthropic's Claude Code exceeds $2.5B, and Cognition exceeds $1B. Figma ranks fourth on $1.06B in FY2025 consolidated revenue, followed by Lovable at more than $600M in annualized revenue.

The financial evidence becomes less consistent further down the ranking. Some companies disclose ARR, others report annualized revenue or completed-year sales, and several smaller businesses have only third-party revenue estimates.

We also retain startups with meaningful adoption figures when comparable revenue is unavailable. These companies remain in their original ranking positions, but user counts, installations, and cumulative app creation are not financial revenue.

The complete ranking includes 45 startups with assigned positions, plus Wabi, which remains unranked because no sufficiently comparable financial or commercial-scale figure is available.

Rank	Startup	Revenue or commercial scale	Metric and period
1	Cursor	>$4B	Revenue run-rate, Jun 2026
2	Anthropic	>$2.5B	Claude Code revenue run-rate, Feb 2026
3	Cognition	>$1B	Revenue run-rate, Sep 2026
4	Figma	$1.06B	Fiscal-year revenue, FY2025
5	Lovable	>$600M	Revenue run-rate, Sep 2026
6	Vercel	~$600M	Revenue run-rate, Sep 2026
7	Replit	~$525M	Revenue run-rate, Apr 2026
8	Webflow	~$213M	Annual revenue, Oct 2024
9	Base44	>$200M	ARR, Aug 2026
10	Manus	>$125M	Revenue run-rate, Dec 2025
11	Emergent	>$120M	Revenue run-rate, Jul 2026
12	Retool	~$120M	ARR, Oct 2025
13	Sourcegraph	~$83M	ARR, Jul 2026
14	Windsurf	~$82M	ARR, Jul 2025
15	Factory	~$60M	Revenue run-rate, Mar 2026
16	Poolside AI	~$50M	Annual revenue, Mar 2025
17	StackBlitz	~$40M	Bolt.new ARR, Mar 2025
18	Augment Code	~$20M	Annual revenue, 2025
19	Ona	~$7M	Annual revenue, 2025
20	Cline	~$5M	ARR, Aug 2025
21	Rocket.new	$4.5M	ARR, Sep 2025
22	Anything	~$2M	Revenue run-rate, Aug 2025
23	Rork	~$1M	Annual revenue, 2025
24	Continue	~$1.4M	Annual revenue, 2024
25	Softgen	$500–600K	ARR, Mar 2025
26	Appy Pie	>15M apps created	Cumulative adoption, 2026
27	Adalo	>2M users	Users, Oct 2026
28	Reflex	>1M apps created	Cumulative adoption, Oct 2026
29	Bubble	6M users	Users, Aug 2026
30	OpenAI	>5M users	Codex weekly users, Jun 2026
31	FlutterFlow	>3.3M users	Users, 2026
32	Thunkable	>12M apps created	Cumulative adoption, Mar 2026
33	JetBrains	>100K paying users	Paying AI users, Q4 2025
34	Softr	>1M users	Users, Mar 2026
35	Kilo Code	>2.3M installs	Installations, May 2026
36	OpenHands	>9M downloads	Downloads, Oct 2026
37	Macaly	>100K projects	Published projects, Sep 2026
38	Appsmith	>100K users	Users, 2026
39	Builder.io	>10M production features	Cumulative output, Nov 2025
40	Dyad	~22.1K GitHub stars	Open-source adoption, Oct 2026
41	Pythagora	~33.7K GitHub stars	Open-source adoption, 2026
42	ToolJet	>25K users	Users, 2026
43	Tabnine	~1M users	Users, Sep 2025
44	Z.ai	>1M users	ZCode users, Aug 2026
45	GitLab	$955M	Fiscal-year revenue, FY2026

The ranking preserves differences in evidence quality rather than rearranging companies solely by the financial amounts. GitLab's position, for example, does not imply that its $955M in fiscal-year revenue is smaller than the nonfinancial adoption indicators appearing above it.

Wabi remains unranked, with revenue not disclosed. Its AI-generated mini-app product is relevant to the market, but an announced valuation cannot establish its revenue.

How much revenue does Cursor make today?

Cursor is currently the largest vibe coding startup by reported revenue scale, having surpassed a $4B annualized revenue run-rate in June 2026.

Dealroom reported that Cursor reached $2B in annualized revenue in February 2026, $3B in late April, and more than $4B in early June. The company therefore roughly doubled its reported sales pace within four months.

The enterprise business appears to have driven much of that growth. Dealroom reported that approximately 75% of Cursor's annualized revenue came from business customers, including large organizations adopting AI across their engineering teams.

Enterprise contracts typically cover more developer seats and bring stricter security and administration requirements.

SpaceX completed its acquisition of Cursor in August 2026. Cursor remains in the startup ranking under the rule for businesses acquired within the past three years.

The $4B figure is an annualized run-rate, not revenue already recognized over a completed twelve-month period. Nevertheless, the reported progression from $2B to more than $4B makes Cursor's commercial acceleration unusually well documented.

Is Claude Code already bigger than most AI coding startups?

Claude Code has become one of the largest AI coding products in the world, with Anthropic reporting more than $2.5B in annualized revenue in February 2026.

Anthropic said Claude Code's revenue run-rate had more than doubled since the beginning of the year. Weekly active users also doubled, while business subscriptions quadrupled during the same period.

Enterprise customers accounted for more than half of Claude Code revenue. That concentration suggests that professional software development has become a major source of spending on autonomous coding agents.

Claude Code also differs from Cursor in how customers use it. Cursor offers an integrated coding environment, while Claude Code can work through terminals and development workflows, including tasks that involve investigating repositories, changing files, and running tests.

Anthropic's product-level revenue is particularly useful because it separates Claude Code from the company's much larger general AI model business.

That puts Anthropic second in our ranking, and Claude Code is now a substantial business in its own right.

How big is Cognition after buying Windsurf?

Cognition has become a billion-dollar-scale AI coding company, with an annualized revenue run-rate exceeding $1B in September 2026.

The company disclosed the milestone on September 25. Earlier that month, The Information reported that Cognition was generating approximately $900M in annualized revenue, compared with $492M in May.

That progression indicates that Cognition roughly doubled its revenue pace in about four months.

Its acquisition of Windsurf in 2025 also changed the business. Cognition originally concentrated on Devin, an autonomous software engineering agent. Windsurf brought an AI coding environment and an existing customer base.

Before the transaction, Windsurf had approximately $82M in estimated ARR as of July 2025, according to Sacra. That figure remains part of Windsurf's historical ranking entry, but it is already reflected within Cognition's subsequent consolidated operations and should not be added again.

Cognition now reaches customers through both autonomous agents and a coding environment. Its $1B milestone places it third, ahead of every other ranked startup except Cursor and Anthropic.

Is Figma really a vibe coding company, or mostly a design company?

Figma is still primarily a design and product-development platform, even though its expansion into AI-generated applications makes it an important competitor in vibe coding.

Figma reported $1.06B in FY2025 revenue, up from $749M in 2024. In those results, annual revenue increased 41%, while fourth-quarter revenue reached $303.8M, growing 40% year over year.

Those are substantial figures, but they cover the company's broader platform, including its established design and collaboration products. Figma does not separately identify Figma Make revenue in the selected disclosure.

That distinction puts Figma's position in perspective. Figma's fourth-place position demonstrates substantial overall commercial scale and an established customer base. It tells us nothing definitive about whether Figma Make earns more than Lovable, Vercel's v0, or Replit's AI application builder.

Figma has an advantage that younger app builders cannot easily reproduce: years of integration into design teams and product workflows. The company can introduce AI application generation to customers who already rely on its products.

For now, its billion-dollar revenue figure is best understood as evidence of the company's scale rather than proof that AI-generated applications already dominate Figma's business.

Is Lovable the biggest pure-play vibe coding app builder?

Lovable is currently the highest-ranked focused prompt-to-app startup with directly disclosed revenue, exceeding $600M in annualized revenue in September 2026.

Co-founder Fabian Hedin disclosed the milestone at the HumanX summit in Amsterdam, as reported by TechCrunch. The company had already reached approximately $500M in annualized revenue in June.

That represents an increase of more than $100M, or at least 20%, in roughly three months.

Lovable's adoption figures are also unusually large. Hedin said applications created through the platform were attracting nearly one billion monthly visits. He also reported that people at approximately two-thirds of Fortune 500 companies were using Lovable, although this does not mean every one of those organizations had a paid enterprise contract.

Compared with other prompt-to-app businesses, Lovable's financial disclosure is relatively straightforward. Vercel's ~$600M estimate includes hosting infrastructure, Replit's ~$525M figure is independently estimated, and Base44 reported >$200M ARR.

Lovable has proved there is serious money in letting people generate and run applications through natural-language instructions.

Is Replit catching up with Lovable and Vercel?

Replit is already a major vibe coding business, with approximately $525M in estimated annualized revenue as of April 2026, although it still ranks behind Lovable and Vercel.

Sacra reported that Replit had passed the $500M annualized revenue mark. The estimate puts the company among the largest AI application-building platforms, although it is less authoritative than a directly disclosed company figure.

Replit's product differs from Lovable's in several ways. It combines a cloud development environment, AI agents, application hosting, and deployment tools. Users can generate software through prompts and then work directly with the underlying code.

That broader workflow helps Replit serve both relatively inexperienced builders and professional developers.

Lovable's more recent run-rate exceeds $600M. Vercel's approximately $600M estimate also places it above Replit, although much of Vercel's business comes from infrastructure rather than app generation alone.

Replit remains seventh overall. Its next major financial disclosure will help establish whether the company is closing the gap or whether Lovable's faster reported expansion has continued.

Why is Base44 growing so quickly?

Base44 has become one of the fastest-growing commercial app builders, with ARR exceeding $200M in August 2026 after reaching $59M at the end of 2025.

Its reported progression is striking. Base44 reached approximately $100M ARR in March 2026, $150M in May, and more than $200M by August.

From the end of 2025 to August 2026, the company's recurring revenue increased by more than $140M. That is over three times its starting ARR in approximately eight months.

Wix acquired Base44 in June 2025, giving the business access to a larger organization with experience in website creation, payments, hosting, and commercial software.

Base44's growth also provides an interesting contrast with Lovable. Both companies sell AI-generated application creation, but Base44 expanded under a larger parent while Lovable developed as an independent business.

Base44 ranks ninth, and its revenue figure refers specifically to the app-building product. Wix's consolidated financial results are separate and include other businesses, so combining the two figures without adjustment would double-count some revenue.

Which smaller vibe coding startups have crossed $100 million in revenue?

Several vibe coding startups outside the top ten have already reached annualized or recurring revenue above $100M, led by Manus, Emergent, and Retool.

Manus reported an overall revenue run-rate exceeding $125M in December 2025. The company develops general-purpose AI agents, so its figure includes activities beyond application generation.

Emergent reported more than $120M in annualized revenue in July 2026. CEO Mukund Jha disclosed the figure in comments reported by TechCrunch, making it one of the more useful company-origin financial disclosures among smaller prompt-to-app businesses.

Retool had approximately $120M in estimated ARR as of October 2025, according to Sacra. Its business includes conventional internal application development alongside newer AI capabilities.

The three companies have similar reported financial scale but serve different needs. Manus focuses on general AI agents, Emergent on building applications through prompts, and Retool on business software and internal tools.

Plenty of revenue sits beyond the most visible coding assistants. At the same time, the figures cover different products and periods, so they should not be treated as interchangeable measures of pure vibe coding revenue.

Are AI coding agents making more money than app builders?

AI coding agents currently hold the largest individual revenue positions in vibe coding, with Cursor, Anthropic, and Cognition occupying the top three spots.

Each has crossed $1B in reported coding-related annualized revenue. Their commercial focus is primarily professional development work, where companies already spend substantial amounts on engineers, development platforms, and infrastructure.

Prompt-to-app companies are building a different market. Lovable exceeds $600M in annualized revenue, Replit has approximately $525M in estimated annualized revenue, and Base44 exceeds $200M ARR.

The gap between the top three coding businesses and the next generation of application builders is substantial. However, we cannot calculate a reliable market-wide revenue split by simply adding the reported figures.

Some companies operate across multiple categories, and several reported amounts cover broader businesses or acquired operations. Figma, Vercel, and Webflow also generate meaningful revenue from products established before the current AI coding wave.

Professional coding agents have the largest disclosed individual revenue figures. Prompt-to-app platforms, meanwhile, have created several fast-growing businesses with hundreds of millions of dollars in annualized sales.

Is Vercel making more money from vibe coding than Webflow?

Vercel has a larger reported revenue scale than Webflow, but neither company's selected figure tells us exactly how much money its AI application-building products generate.

Vercel ranks sixth at approximately $600M in estimated annualized revenue as of September 2026, according to Sacra. Its business includes frontend infrastructure, deployment, hosting, and the v0 AI builder.

Webflow ranks eighth with approximately $213M in estimated annual revenue as of October 2024, according to GetLatka. That older figure mainly reflects its established visual website-building platform.

Both companies entered the AI application-building market from existing software categories. Vercel came from developer infrastructure, while Webflow built its position through visual website design and content management.

They can sell to existing users, but their broader sales make comparisons with Lovable and Emergent less clean.

Vercel's broader financial scale is larger in the selected evidence, while Webflow's older estimate provides a less current picture. Neither amount should be presented as revenue generated solely by vibe coding.

How much revenue do smaller AI coding agent startups make?

Smaller AI coding agent startups have reported or estimated financial scales ranging from a few million dollars to tens of millions, far below the billion-dollar leaders.

Sourcegraph ranks thirteenth with approximately $83M in modeled ARR as of July 2026, according to Northmetric. The figure includes its broader code-intelligence business as well as its Amp agent.

Factory ranks fifteenth at approximately $60M in estimated annualized revenue as of March 2026, while Poolside AI follows with approximately $50M in estimated annual revenue as of March 2025.

StackBlitz ranks seventeenth on Bolt.new's approximately $40M estimated ARR in March 2025. Bolt.new was among the early products showing that users would pay to generate and deploy applications directly in a browser, although the selected figure is now relatively old.

Further down, Augment Code has approximately $20M in estimated 2025 revenue, Ona approximately $7M, and Cline approximately $5M in estimated ARR as of August 2025. Continue has approximately $1.4M in estimated 2024 revenue.

The gaps are big, and the evidence gets thinner. Most of these amounts come from third-party estimates rather than audited financial results or direct founder disclosures.

The leading agents are far ahead commercially. Precise claims about smaller specialists' growth or profitability would be a stretch.

Can mobile vibe coding startups become as big as Lovable?

Mobile-focused vibe coding startups have attracted millions of users, but their documented revenue is still much smaller than Lovable's.

Rocket.new reported $4.5M ARR in September 2025 and more than 10,000 paying subscribers. Its CEO disclosed the figures in an interview with TechCrunch.

Rork had approximately $1M in estimated annual revenue for 2025, according to ARRFounder.

Several other mobile app-building companies report much greater adoption without comparable revenue disclosures. Appy Pie has created more than 15M applications cumulatively, Adalo reports over 2M users, FlutterFlow more than 3.3M users, and Thunkable more than 12M cumulative applications created.

These figures include activity from traditional no-code products and, in several cases, years before AI app generation became a central feature.

Mobile applications also introduce technical requirements that browser-based tools can often avoid, including native device functionality, application-store distribution, operating-system compatibility, and publishing restrictions.

For now, the financial evidence places mobile-first specialists considerably below Lovable's >$600M run-rate. Their existing user communities could help them grow, but there is no credible basis for converting those communities into assumed revenue.

Are open-source vibe coding tools making serious money?

Open-source vibe coding tools have attracted large developer communities, but most still lack public financial figures that would establish substantial revenue.

Kilo Code reported more than 2.3M VS Code installations in May 2026. OpenHands reported more than 9M open-source downloads by October.

Dyad had approximately 22,100 GitHub stars, while Pythagora had around 33,700, according to third-party project trackers. These figures show developer interest, although stars, installations, and downloads measure different things.

Cline provides a more useful financial comparison. It ranks twentieth with approximately $5M in estimated ARR as of August 2025, demonstrating measurable commercial activity within the agent ecosystem.

For open-source businesses, the hard part is converting popularity into paying customers. Managed hosting, enterprise security, team administration, and paid infrastructure are possible revenue sources, but free usage alone does not establish how much customers spend.

The adoption figures suggest that open-source agents are relevant competitors. Their current commercial scale remains harder to establish than that of businesses reporting subscription revenue.

Are developers actually paying for AI coding tools?

Developers and companies are spending real money on AI coding tools, and the strongest evidence comes from enterprise subscriptions, recurring revenue, and paying-user disclosures.

JetBrains reported more than 100,000 active paying AI users in the fourth quarter of 2025. Its figure covers several AI-assisted development products rather than one autonomous coding agent.

Anthropic offers another example. Its February 2026 announcement reported that Claude Code business subscriptions had quadrupled since the beginning of the year, while enterprise customers accounted for more than half of the product's revenue.

Rocket.new provides a smaller comparison. Its September 2025 disclosure combined $4.5M ARR with more than 10,000 paid subscribers, providing a direct link between recurring revenue and paying adoption.

That covers established developer software, autonomous agents, and AI app builders.

Several startups report millions of users or installations with no corresponding financial numbers. Those numbers may help explain distribution, but paying customers and actual revenue provide a much clearer picture of commercial demand.

Why are so many vibe coding startups getting acquired?

Vibe coding acquisitions are bringing AI coding agents and app builders into larger software businesses, often combining products that previously competed separately.

SpaceX completed its acquisition of Cursor in August 2026. Cognition acquired Windsurf in 2025, adding an AI coding environment to its autonomous software engineering business.

Wix acquired Base44 in June 2025, bringing natural-language app creation into its website and commerce ecosystem. Softgen joined Arising Ventures in 2025, while Macaly was acquired by team.blue in December that year. Tricentis acquired Tabnine in 2026.

The transactions cover several different strategies. Some acquirers are adding AI coding capabilities, others are expanding into application creation, and some are strengthening their developer products.

Cognition's acquisition of Windsurf is especially useful commercially because it combined two distinct ways of selling AI-assisted software development. Wix's Base44 deal illustrates another approach: placing a rapidly growing AI-native product inside an established distribution platform.

These acquisitions also change how revenue should be read. Older standalone figures remain useful for understanding an acquired startup's history, but they cannot always be added to the acquirer's later consolidated sales.

Are the biggest vibe coding startups profitable yet?

The biggest vibe coding startups have demonstrated enormous revenue growth, but comparable profitability figures remain scarce.

Figma provides one of the clearest financial examples because it publishes detailed financial statements. Its FY2025 results showed $1.06B in revenue and $129.5M in non-GAAP operating income.

However, Figma also reported a GAAP operating loss of approximately $1.3B. That result was heavily affected by stock-based compensation, including a substantial expense related to its public listing.

The company generated $242.7M in adjusted free cash flow during the year, showing how different profitability measures can produce very different impressions of the same business.

For private companies such as Cursor, Cognition, and Lovable, the selected revenue disclosures do not provide equivalent profit and cash-flow information.

AI coding services also face variable computing costs. Autonomous agents may need to run models repeatedly while searching repositories, editing files, and testing software. Higher usage can therefore increase costs as well as revenue.

We can establish that several leading companies generate very large amounts of commercial activity. Profitability is a different question, and most have yet to publish enough cost, margin, or cash-flow detail to answer it.

Can vibe coding startups keep growing this fast?

Vibe coding startups are still growing remarkably quickly, although maintaining the same pace will become harder as their revenue bases get larger.

Cursor's reported annualized revenue rose from $2B in February 2026 to more than $4B in June. Cognition went from approximately $492M in May to more than $1B by September. These companies added hundreds of millions, and in Cursor's case billions, of dollars to their annualized revenue pace within months.

The growth extends beyond professional coding. Lovable increased its reported run-rate by more than $100M between June and September, while Base44 more than tripled ARR from the end of 2025 to August 2026.

Those changes are unusually large even for fast-growing software businesses. They show that AI coding has moved far beyond a market sustained by early adopters experimenting with new tools.

The next test will be whether customers continue paying once the initial excitement fades. Applications require maintenance, debugging, hosting, security, and updates long after the first version is generated.

We also need to distinguish annualized run-rate increases from completed-year revenue growth. A rapidly rising monthly sales pace can produce impressive annualized figures before the company has actually collected that amount over twelve months.

The reported growth still points to strong demand. More complete financial disclosures will tell us which businesses can maintain that growth while keeping costs under control.

Which vibe coding startup is actually winning the revenue race today?

Cursor is currently winning the vibe coding startup revenue race, with a reported annualized run-rate exceeding $4B, followed by Anthropic's Claude Code at more than $2.5B and Cognition at more than $1B.

The three companies dominate the highest positions in our ranking. Their financial scale suggests that professional software engineering is currently the most lucrative part of the AI coding market.

Figma ranks fourth with $1.06B in FY2025 consolidated revenue, although much of that comes from its established design platform. Lovable ranks fifth at more than $600M in annualized revenue and stands out as the strongest directly disclosed example among focused prompt-to-app builders.

Vercel and Replit follow at approximately $600M and $525M in estimated annualized revenue, respectively. Both combine AI-assisted application creation with broader development or infrastructure products.

Beyond those companies, Base44, Emergent, and several smaller specialists show that the market has room for businesses with different products, customers, and revenue models.

Cursor leads the overall startup ranking, with Anthropic and Cognition already operating at billion-dollar annualized scale. Lovable is the standout among focused natural-language app builders. The next winners will be determined by which companies can turn rapid adoption into lasting subscriptions, strong margins, and products that customers keep using.