Company · Coding
Replit revenue, valuation & funding
Replit was valued at $9B after its $400M Series D in March 2026. In May 2026 CEO Amjad Masad said it was tracking toward a billion-dollar annual run rate. It's private and hasn't filed for an IPO.
At a glance
- Valuation: $9B after its $400M Series D in March 2026, led by Georgian.
- Revenue: tracking toward a billion-dollar yearly run rate, CEO Amjad Masad said in May 2026. Sacra estimated $525M in April 2026.
- Status: private. No stock ticker. It hasn't filed for an IPO.
- Founded: 2016 in San Francisco, by Amjad Masad, Faris Masad and Haya Odeh.
- CEO: Amjad Masad.
- Headquarters: California, per the company's newsroom.
- Investors: Georgian, Prysm Capital, Coatue, Andreessen Horowitz, Craft Ventures, Y Combinator and the Qatar Investment Authority, among others.
- Products: the browser-based Replit platform, Replit Agent (Agent 4 since March 2026), Mobile Agent and Connectors.
- On Real Alpha: 22 moments of its people talking, from 3 interviews.
Is Replit public? Can you buy its stock?
No. Replit is a private company, so its shares don't trade on any stock exchange and it has no ticker symbol. Forge says its shares can be traded only privately, by accredited investors.
Replit has not filed for an IPO, according to Revenue Memo. Forge says the company hasn't officially endorsed an IPO plan. In May 2026 Amjad Masad told TechCrunch he would try to keep Replit independent. He said "I would love for us to remain an independent company," though he didn't fully rule out a sale.
Its shares are held by its founders, staff and investors. In November 2023 Craft Ventures funded a $20 million tender offer that let current and former employees sell vested shares. In April 2022 more than 2,500 users bought shares in a community round on Wefunder. This page reports facts and gives no investment advice.
Valuation, round by round
Its valuation went from $800M in December 2021 to $9B in March 2026, more than eleven times in about four years.
| Date | Valued at | Raised | Led by | Source |
|---|---|---|---|---|
| Mar 2026 | $9B | $400M | Georgian | Replit blog |
| Sep 2025 | $3B | $250M | Prysm Capital | TechCrunch |
| Apr 2023 | $1.16B | $97.4M | Andreessen Horowitz Growth | Revenue Memo |
| Apr 2022 | $979M | about $5M | — | Revenue Memo |
| Dec 2021 | $800M | $80M | Coatue | Revenue Memo |
| Feb 2021 | — | $20M | A.Capital Ventures | Revenue Memo |
| Oct 2018 | — | $4.5M | Andreessen Horowitz | Revenue Memo |
The April 2022 Wefunder round was set at a $979M cap. The seed and Series A had no published valuation, and Visa's May 2026 investment was undisclosed.
Revenue
Replit's run rate went from $100M in June 2025 to $150M in September 2025, as reported. Sacra estimated it at $525M in April 2026, and in May Masad said it was tracking toward a billion dollars.
| Date | Figure | Basis | Source |
|---|---|---|---|
| Apr 2026 | $525M | Estimate | Sacra |
| Sep 2025 | $150M | Reported | TechCrunch |
| Jun 2025 | $100M | Reported | TechCrunch |
A run rate is a month's revenue times twelve. It isn't a year's audited revenue. Replit had $2.8 million in revenue in all of 2024. In March 2026 it said it was on track for $1 billion in run-rate revenue by the end of 2026.
How Replit makes money
Replit sells subscriptions on a freemium model. Per Sacra, its Core plan costs $20 a month and its Pro plan $100 a month.
Sacra estimates its gross margins swung between 36% and negative 14% in 2025, driven by the cost of language models for its agents.
- Usage-based agent work. Sacra estimates that Replit prices agent runs by effort, replacing a flat $0.25 per checkpoint. Simple runs cost as little as $0.06, Sacra says. Sacra
- Enterprise. A custom-priced plan with security controls including SSO/SAML and SOC 2. Replit
- Microsoft. A partnership announced in July 2025 connects Replit with Microsoft's enterprise tools, including Azure and the Azure Marketplace. Wikipedia
- Margins. Masad said in May 2026 that Replit had been gross margin positive for over a year. TechCrunch
From Replit's interviews
- 58:56 AI revenue can fade as quickly as it growsAmjad Masad · Possible · Jan 2026
Products
Replit started as a browser-based coding platform. It now centers on an agent that builds apps from a chat.
In July 2025 its agent deleted a client company's entire database during a code freeze, against the user's wishes, as Wikipedia recounts.
- Replit Agent (September 2024). An AI agent that automates software development. Wikipedia
- Mobile Agent (February 2025). Brought chat-driven app creation to iOS and Android. Sacra
- Agent 3 (September 2025). Masad says it boots up a browser so the agent can test the app it builds. Sacra
- Agent 4 (March 2026 on the web). It reached iPhone in May 2026 after a four-month App Store review dispute with Apple. Sacra
- Connectors. Grew out of Replit's acquisition of OpenInt and its 160+ third-party integrations. Sacra
- Atta. Replit announced on September 25, 2026 that it is acquiring Atta, an analytics startup, to make data easier to explore. Replit blog
From Replit's interviews
- 42:34 Verification lets coding agents work for hoursAmjad Masad · Possible · Jan 2026
- 5:15 Game design makes software building safer to exploreAmjad Masad · Possible · Jan 2026
- 35:43 Open-source breadth can support a polished productAmjad Masad · Possible · Jan 2026
Users and usage
Replit said in March 2026 that it had over 50 million users (Replit).
According to Sacra, users from 85% of the Fortune 500 were on the platform by March 2026.
From Replit's interviews
- 1:41:15 AI coding lets employees build tools for a fraction of the costAmjad Masad · The Joe Rogan Experience · Jul 2025
- 24:55 Niche expertise can become a small software businessAmjad Masad · Possible · Jan 2026
- 39:04 AI can turn employees into internal entrepreneursAmjad Masad · Possible · Jan 2026
Leadership
Amjad Masad has led Replit since he co-founded it in 2016. In May 2024 Replit laid off 30 employees, according to an email from Masad to staff (VentureBeat).
- Amjad Masad, co-founder and CEO. TechCrunch
- Michele Catasta, president and head of AI. He leads development of Replit Agent and contributed to Google's PaLM models.
- Haya Odeh, co-founder and VP of design. TechCrunch
- Faris Masad, co-founder. Wikipedia
From Replit's interviews
- 2:43:31 A student hacker was tasked with securing the system he breachedAmjad Masad · The Joe Rogan Experience · Jul 2025
- 1:35:50 Direct posts outperformed a $30,000 PR placementAmjad Masad · The Joe Rogan Experience · Jul 2025
Who owns Replit?
Its founders, staff and investors. Replit has never published its cap table, according to Revenue Memo. Revenue Memo says it has raised about $860 million across 10 funding events since 2016.
Forbes estimated that the Series D made Masad a billionaire, worth $2 billion.
- Georgian led the $400 million Series D in March 2026. Replit blog
- Prysm Capital led the $250 million Series C in September 2025, with Amex Ventures and Google's AI Futures Fund. TechCrunch
- Andreessen Horowitz led the seed round in October 2018. Its growth fund led the April 2023 Series B extension. Revenue Memo
- Coatue led the $80 million Series B in December 2021. Revenue Memo
- A.Capital Ventures led the $20 million Series A, announced in February 2021. Revenue Memo
- Craft Ventures funded the first employee tender offer in November 2023. Revenue Memo
- G Squared, 1789 Capital, Y Combinator and the Qatar Investment Authority joined the Series D, with strategic investors Accenture Ventures, Databricks Ventures, Okta Ventures and Tether. Replit blog
- Visa made an undisclosed strategic investment in May 2026. Revenue Memo
Competitors
Replit builds on models made by others. Amjad Masad says its edge comes from the infrastructure around those models, such as a file system that lets the agent undo its work.
VentureBeat called GitHub one of Replit's main competitors in May 2024. In March 2023 Google partnered with Replit to rival GitHub Copilot, Silicon Republic reported.
- Lovable, a prompt-to-app builder that Sacra lists as a competitor. Sacra
- Bolt, with Bolt.new. Sacra
- Vercel, with v0.dev. Sacra
- Visual Studio Code, GitHub Copilot and Amazon CodeWhisperer, established editors and AI assistants that Sacra names. Sacra
- Cursor, whose reported negative 23% gross margins Masad contrasted with Replit's in May 2026. TechCrunch
What its people said about the competition
- 30:26 Hard technical infrastructure can create an AI moatAmjad Masad · Possible · Jan 2026
Timeline and latest news
From its founding to the latest reports, newest first.
- Sep 25, 2026Latest
Announced a deal to acquire Atta, an Egypt-founded analytics startup, on undisclosed terms. WeeTracker - May 1, 2026Latest
Amjad Masad said Replit was tracking toward a billion-dollar annual run rate. TechCrunch - May 2026Latest
Visa made an undisclosed strategic investment. Revenue Memo - Mar 11, 2026
Raised $400M at a $9B valuation, led by Georgian. Replit blog - Mar 2026
Launched Agent 4 on the web. It reached iPhone in May after a dispute with Apple. Sacra - Sep 10, 2025
Raised $250M at a $3B valuation, led by Prysm Capital. TechCrunch - Sep 2025
Launched Agent 3. Sacra - Jul 2025
Its agent deleted a client company's database during a code freeze. Wikipedia - Jun 2025
Masad tweeted that Replit had reached $100M in ARR. TechCrunch - Feb 2025
Launched Mobile Agent for iOS and Android. Sacra - Sep 2024
Introduced Replit Agent. Wikipedia - May 2024
Laid off 30 employees. VentureBeat - Nov 2023
Craft Ventures funded a $20M tender offer for employees' vested shares. Revenue Memo - Apr 2023
Raised a $97.4M Series B extension at a $1.16B valuation, becoming a unicorn. Revenue Memo - Apr 2022
Raised about $5M from more than 2,500 users in a Wefunder community round. Revenue Memo - Dec 2021
Raised an $80M Series B at an $800M valuation, led by Coatue. Revenue Memo
In their own words, and what followed
What people said about the business, with the minute they said it, and what was reported after.
Amjad Masad on Possible · Jan 7, 2026
“AI revenue can go up as easy as it goes down.”
58:56 AI revenue can fade as quickly as it grows
Reported after
Two months later Replit raised $400M at a $9B valuation. It said that was three times its value six months before. Replit blog
Amjad Masad on Possible · Jan 7, 2026
“Replit Agent 3 came out in September. We now boot up a browser for the agent”
42:34 Verification lets coding agents work for hours
Reported after
Agent 4 launched on the web in March 2026 and reached iPhone in May after a four-month App Store dispute with Apple. Sacra
Amjad Masad on The Joe Rogan Experience · Jul 2, 2025
“he went on Replit and built something in a couple weeks, costed him $400”
1:41:15 AI coding lets employees build tools for a fraction of the cost
Reported after
In September 2025 Replit said its annualized revenue had grown from $2.8 million to $150 million in less than a year. TechCrunch
Amjad Masad on Possible · Jan 7, 2026
“we built a transactional file system that allows undo.”
30:26 Hard technical infrastructure can create an AI moat
Reported after
In May 2026 Masad said Replit had been gross margin positive for over a year, citing Cursor's reported negative 23% margins. TechCrunch
What others say about Replit
Moments where people outside the company talk about it.
Marc Andreessen · Lenny's Podcast · Jan 29, 2026
“He's on Replit all the time doing vibe coding,”
42:33 AI changes coding work, but code knowledge still matters 7 min
Aaron Levie · The Logan Bartlett Show · Mar 28, 2025
“you could probably switch between Cursor, Windsurf, and, you know, Replit and a few others.”
18:21 AI products can build switching costs through accumulated learning 8 min
Aaron Levie · The Logan Bartlett Show · Mar 28, 2025
“what you're seeing in, you know, cursor, windsurf, uh, replit, you know,”
8:28 Business agents have clearer product-market fit than consumer agents 3 min
Jeremie Harris · 80,000 Hours Podcast · Nov 5, 2026
“they incubated, you know, Airbnb, Dropbox, you know, Replit, like some of the biggest companies”
1:13:32 A severe AI incident could force Washington to seek a slowdown 8 min
Questions people ask
Is Replit a public company? Can I buy Replit stock?
No. Replit is private and has no ticker. Its shares can be traded only privately, by accredited investors, according to Forge.
When will Replit IPO?
It hasn't filed for an IPO, according to Revenue Memo. Forge says it hasn't officially endorsed an IPO plan. In May 2026 Masad said he would like Replit to stay independent.
Who owns Replit?
Its founders, staff and investors, including Georgian, Prysm Capital, Coatue, Andreessen Horowitz, Craft Ventures, Y Combinator and the Qatar Investment Authority. Replit has never published its cap table.
Who is the CEO of Replit?
Amjad Masad, who co-founded it in 2016. 2:43:31
Who founded Replit?
Amjad Masad, Faris Masad and Haya Odeh, in San Francisco in 2016.
How much is Replit worth?
$9 billion after its $400 million Series D in March 2026, according to Replit. It said that was three times its value six months earlier.
How much revenue does Replit make?
Masad said in May 2026 that Replit was tracking toward a billion-dollar annual run rate, per TechCrunch. Sacra estimated $525M in April 2026. It had $2.8 million in revenue in all of 2024. 58:56
Is Replit profitable?
Masad said in May 2026 that it had been gross margin positive for over a year (TechCrunch). A positive gross margin isn't the same as a profit. Sacra estimated its 2025 gross margins swung between 36% and negative 14%.
How does Replit make money?
Mostly subscriptions, with Core at $20 a month and Pro at $100 a month per Sacra. It also charges for agent work by effort and sells custom-priced Enterprise plans.
How many people use Replit?
Over 50 million users, the company said in March 2026 (Replit). 1:41:15
Where is Replit headquartered?
In California, per Replit. It was founded in San Francisco.
Who are Replit's competitors?
Sacra lists Lovable, Bolt.new and Vercel's v0.dev, plus GitHub Copilot, Visual Studio Code and Amazon CodeWhisperer. Masad has compared its margins with Cursor's. 30:26
Every moment from Replit's people
22 moments from 3 interviews on 3 shows, newest first. Each one plays from the minute it starts.
Lightcone · Nov 7, 2026 · 8 moments
How To Build The Future: Paul Graham & Amjad Masad
- 22:32 Replit is replacing some $10 million software projects for $250,000 6 min
- 1:53 Replit automated the copy-paste loop between ChatGPT and code 4 min
- 14:44 Replit’s infrastructure gave its agent a head start 4 min
- 32:50 Masad expects agent use to move work into the cloud 3 min
- 40:13 Masad uses exponential compute trends to predict what comes next 4 min
- 6:18 Replit's original deck proposed learning from coding sessions 3 min
- 20:03 Early users paid $1,000 instead of $100,000 for an app 3 min
- 30:21 Replit advances its strategy through customer-led increments 3 min
Possible · Jan 7, 2026 · 8 moments
Amjad Masad on vibe coding, AI agents, and the end of boilerplate
- 30:26 Hard technical infrastructure can create an AI moat 5 min
- 42:34 Verification lets coding agents work for hours 3 min
- 39:04 AI can turn employees into internal entrepreneurs 3 min
- 5:15 Game design makes software building safer to explore 6 min
- 15:46 Computational thinking matters more than syntax mastery 5 min
- 24:55 Niche expertise can become a small software business 4 min
- 35:43 Open-source breadth can support a polished product 3 min
- 58:56 AI revenue can fade as quickly as it grows 4 min
The Joe Rogan Experience · Jul 2, 2025 · 6 moments
Joe Rogan Experience #2344 - Amjad Masad
- 1:41:15 AI coding lets employees build tools for a fraction of the cost 3 min
- 2:05:03 AI self-play works best when success can be objectively tested 5 min
- 1:35:50 Direct posts outperformed a $30,000 PR placement 2 min
- 1:51:07 Routine computer jobs may face automation before blue-collar work 2 min
- 1:56:47 China's manufacturing edge comes from expertise and long-term planning 2 min
- 2:43:31 A student hacker was tasked with securing the system he breached 8 min
People on Real Alpha
- Amjad Masad, Co-founder & CEO, Replit · 22 moments
- Michele Catasta, President & Head of AI, Replit
- Haya Odeh, Co-founder & VP of Design, Replit
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How this page is sourced
Each figure links to the filing, company statement or news report it came from, with its date. Run rates are what reporters were told, not audited results; estimates and unconfirmed reports are marked. Quotes are what each person said on the record, with the minute they said it. Spotted something that's off? .
Last checked Nov 6, 2026