- Lovable has topped $500 million in annual recurring revenue, up from $400 million earlier this year.
- The company surveyed its users to learn more about them.
- The data showed that 60.5% of users in the report aren8217;t making money from the projects they built.
4. The US is Lovable’s biggest market
This includes consultants, marketers, designers, and salespeople, among others.
Osika said he was surprised not only by how many users lacked technical backgrounds, but by how experienced they were in their respective fields.
“These people are operators and founders who understand a problem firsthand and finally have a way to build the solution,” he said.
For Osika, that’s evidence of a broader shift underway.
“We’re not in the business of code generation,” he said. “We’re in the business of product and company creation.”
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