Andrej Karpathy posted the term "vibe coding" in February 2025 — describing what happens when a developer stops reading the code and just rides whatever the model produces. A year and a half later it has its own Wikipedia entry and a multi-billion-dollar product category sitting on top of it. Cursor, Lovable, Replit, and Bolt all sell the same core idea: describe what you want, ship it.
The category collapsed the floor under the freelance MVP gig. It also created the most lucrative new specialty in freelance engineering — taking the apps these tools generate and rebuilding them so they don't fall over in production.
The size of the category in May 2026
The 2025 numbers tell the scale story:
- Cursor crossed $2B in annualized revenue in March 2026, with run-rate doubling in three months and reported funding talks at a $50B valuation according to TechCrunch's coverage of the Bloomberg report.
- Lovable hit $400M ARR by February 2026 with just 146 employees and roughly 200,000 projects built or updated daily, per TechCrunch's Lovable revenue piece.