Replit CEO: Tracking Toward $1B ARR, Won't Sell — Contrasts Profitability With Cursor's -23% Gross Margins

TechCrunch·high signal

At TechCrunch StrictlyVC on May 1, Replit CEO Amjad Masad revealed the company surged from $2.8M revenue in all of 2024 to tracking toward a billion-dollar annual run rate. He contrasted Replit's gross margin positive status (over a year running) with Cursor's reported -23% gross margins, explaining why Replit plans to remain independent. The comments come as SpaceX holds a $60B option to acquire Cursor, a deal that preempted Cursor's $2B raise at $50B valuation.