Cursor vs Replit: Revenue, Profit and Business Model
Cursor reported $4B of revenue in FY2026 and — of net income. Replit reported $525M of revenue in FY2026 and — of net income.
Latest financial snapshot
Financial summary
Cursor
Cursor never published audited financials as a private company, so its numbers come from company statements and reporting. Annualized revenue reached about $100 million in January 2025, $500 million by June 2025, more than $1 billion by November 2025, $2 billion in February 2026, $3 billion in late April 2026 and more than $4 billion in early June 2026 (Forbes). The company said enterprise revenue tripled in Q1 2026 versus Q4 2025. Funding rounds included an $8 million seed (2023), a $60 million Series A at $400 million (2024), a $900 million Series C at $9.9 billion (June 2025) and a $2.3 billion Series D at $29.3 billion (November 2025). SpaceX's $60 billion all-stock price converted Anysphere shares into 389,289,254 SpaceX Class A shares. Profitability has not been disclosed.
Replit
Replit's numbers changed sharply after Agent launched in September 2024. Masad told TechCrunch the company made about $2.8 million in revenue in all of 2024. Replit said it reached roughly $150 million in annualized revenue by September 2025, when it raised $250 million at a $3 billion valuation led by Prysm Capital. Sacra estimates annualized revenue reached about $300 million at the end of 2025 and $525 million in April 2026. In March 2026 Georgian led a $400 million Series D at $9 billion, and the company told Forbes it is targeting $1 billion in annual recurring revenue by the end of 2026. Replit does not publish profit figures.
Revenue and profit by year
Cursor
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | $4B | — | 0.0% | +300.0% | Source |
| FY2025 | $1B | — | 0.0% | — | Source |
Replit
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | $525M | — | 0.0% | +250.0% | Source |
| FY2025 | $150M | — | 0.0% | +5257.1% | Source |
| FY2024 | $2.8M | — | 0.0% | — | Source |
Where the revenue comes from
Cursor
- Business and enterprise subscriptions
~75% (mid-2026, company-stated)
Per-seat Teams and Enterprise contracts plus usage above included allowances.
- Individual subscriptions and usage~25%
Pro and higher individual tiers, plus pay-as-you-go model usage beyond plan limits.
Replit
No segment breakdown is published.
Business model and strategy
Cursor
How it makes money
Cursor makes money from subscriptions. A free Hobby tier lets developers try the editor and agent with limited usage. Paid individual plans (Pro at $20 a month, with higher-usage tiers above it) include a monthly allowance of frontier-model usage, and heavy users pay for extra usage at model API rates.
Growth strategy
Cursor grew bottom-up: developers adopted it on their own, then companies bought team licenses. It now focuses on enterprise sales, with business customers making up about three-quarters of revenue by mid-2026. Product expansion moved from the editor into background and cloud agents, a command-line agent, web and mobile access, Bugbot code review and the Graphite code-review platform it acquired in December 2025.
Competitive advantage
Cursor owns the whole editor rather than running as a plugin, so it can design agent workflows, inline diffs, Tab predictions and codebase indexing into the product directly. It has trained its own models (Cursor Tab and the Composer family) for the high-frequency parts of coding, which lowers cost and latency.
Replit
How it makes money
Replit makes money from paid subscriptions and usage. Individuals buy the Core plan, teams and companies buy Teams and Enterprise seats, and every plan bundles monthly credits that are consumed by Replit Agent work and by hosting (deployments, databases, compute). Heavy users buy more credits, so revenue grows with how much people build and run, not only with seat count.
Growth strategy
Replit grows by widening who can make software rather than winning more professional engineers. It markets Agent to founders, operators and business teams, sells enterprise plans to companies that want internal tools built by non-engineers, and adds the pieces a production app needs (databases, auth, payments, analytics) so users do not leave the platform.
Competitive advantage
Replit's edge is that it owns the full stack an AI agent needs: the editor, the cloud runtime, the database, secrets, authentication and hosting all live in one product. The agent can therefore run the app it writes, read the errors and fix them, then publish without the user touching another service.
Questions about Cursor vs Replit
Which company has higher revenue — Anysphere Inc. (Cursor) or Replit?
Anysphere Inc. (Cursor) reported $4.0B (FY2026), while Replit reported $525.0M (FY2026). By last reported revenue, Anysphere Inc. (Cursor) is the larger business, with Replit reporting a smaller revenue base.
Which is more financially efficient — Anysphere Inc. (Cursor) or Replit?
Anysphere Inc. (Cursor) generates $13.33M / employee in revenue per employee, while Replit generates $1.31M / employee. Anysphere Inc. (Cursor) shows higher revenue efficiency per headcount, though this reflects business model differences — capital-light software companies routinely outperform labour-intensive manufacturers on this metric.
How do Anysphere Inc. (Cursor) and Replit make money?
Anysphere Inc. (Cursor) and Replit generate revenue in fundamentally different ways. Anysphere Inc. (Cursor): Cursor makes money from subscriptions. Replit: Replit makes money from paid subscriptions and usage.
Is Anysphere Inc. (Cursor) bigger than Replit?
By last reported revenue, Anysphere Inc. (Cursor) ($4.0B (FY2026)) is the larger company compared to Replit ($525.0M (FY2026)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Cursor vs Replit overview