Replit hits $1B run rate, targets 300% retention
replit ceo amjad masad revealed the firm tracks toward a billion-dollar annual run rate after passing $2.8m revenue in 2024. masad claims replit boasts gross margin positivity and 300% net revenue retention, contrasting with cursor's reported negative margins. he pledges to fight apple over app store rejection and maintain independence.
Replit CEO Amjad Masad disclosed the company is tracking toward a billion-dollar annual run rate, a significant jump from $2.8 million in total revenue for 2024. Masad cited 300% net revenue retention and positive gross margins—reaching as high as 300%—as proof that Replit can remain independent, a path he argued is not viable for rival Cursor given its reported negative 23% margins.
Regarding foundation models, Masad ranked Anthropic as the leader for agentic workflows and tool calling, while praising Google's Flash models for price-performance. He also noted that Chinese models like Kimi lag state-of-the-art US models by only three months.