Lovable has become one of AI's fastest-growing startups. The Swedish vibe coding startup has surpassed $500 million in annual recurring revenue , it said on Tuesday, up by more than 25% from $400 million earlier this year. ARR refers to the predictable revenue a company expects to generate over a year from subscriptions or recurring contracts. The company, which helps users build apps and websites using AI, released its first report on Tuesday, looking into the people behind what it calls the