Summary:
Replit projects $1 billion in revenue by 2026, up from $240 million currently
The startup has 150,000 paying customers out of 40 million total users
Enterprise margins are near 80%, despite lower overall profitability
Revenue surged from $2.8 million to $150 million annualized after AI coding agent launch
Replit is displacing no-code and low-code tools with its AI-first approach
The Rise of AI-Powered Coding
Replit, the $3 billion developer AI startup, is riding the wave of vibe coding and has set ambitious financial targets. CEO and founder Amjad Masad revealed in an exclusive interview that the company expects to surpass $1 billion in revenue by the end of 2026. This represents a massive leap from its current annual sales of $240 million.
Replit CEO and founder Amjad Masad.
Explosive Growth Driven by AI
Replit's revenue was just $2.8 million last year, but the launch of an AI coding agent supercharged its sales. By September, the startup had reached $150 million in annualized revenue and announced a $250 million funding round at a $3 billion valuation. Masad attributes this surge to growing adoption by major businesses like Duolingo and Zillow.
User Base and Profitability Insights
Despite having 40 million total users, Replit has over 150,000 paying customers as of June 2025. The company has tripled its average revenue per user over the past year, thanks to strong enterprise sales. While overall gross margins were around 23% in July, Masad confirmed that enterprise margins are near 80%, highlighting a focus on making the platform more affordable for consumers.
Industry Shift and Competitive Landscape
Replit is part of a broader trend where startups and coders are building first on AI products like Replit, Vercel, and OpenAI, gradually displacing traditional cloud providers such as Amazon Web Services. Competitors like Cursor have also seen explosive growth, quintupling their annual recurring revenue to $500 million in less than six months.
Masad aims to onboard 1 billion developers on Replit, positioning the platform as a replacement for no-code and low-code tools that he says often slow companies down.
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