"The Silicon Valley startup, which builds technology to help people build apps and websites with AI, expects to surpass $1 billion in revenue by next year, its CEO and founder Amjad Masad told Business Insider. That's about four times as much as the $240 million in annual sales that Replit is now generating, Masad added. Masad disclosed the updated projections after Business Insider obtained a leaked memo for investors from this summer, showing it projected $1 billion by the end of 2027."
"Replit's revenue stood at just $2.8 million last year, until the launch of an AI coding agent supercharged sales. It said it surpassed $150 million in annualized revenue in September, when the startup announced it raised $250 million at a $3 billion valuation. Masad, who aims to onboard 1 billion developers on Replit, says the projections and latest revenues - which haven't been reported - are partly thanks to surging adoption from businesses like Duolingo and Zillow."
Replit expects to surpass $1 billion in revenue by the end of 2026, up from $240 million in annual sales. The company raised $250 million at a $3 billion valuation and achieved rapid revenue growth after launching an AI coding agent, rising from $2.8 million last year to more than $150 million in annualized revenue by September. Replit has roughly 40 million total users and over 150,000 paying customers. Enterprise margins approach 80% while consumer profitability remains lower. Major business adopters include Duolingo and Zillow. The company aims to onboard a vastly larger developer base.
Read at Business Insider
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