Replit ARR nearing $150M

According to Forbes, Replit raised $250M in a round led by Prysm Capital, valuing the company at $3B — more than double its previous $1.16B valuation.

Replit’s ARR had already reached $144M in July, confirmed by CEO Amjad Masad. Just over a month ago, Replit had only just broken the $100M ARR mark.

CEO Masad has said that flat-rate pricing was unsustainable, at one point pushing margins negative. So Replit has since moved to usage-based billing, lifting gross margins to ~23% overall. The long-term vision is autonomy: soon, Agents will run for over an hour continuously, making usage-based pricing the only viable model.

Enterprise customers — who care deeply about security, privacy, and advanced features — are now a key focus. This segment offers gross margins up to ~80%.