Amjad Masad has been building Replit for a decade, but the last 18 months have seen the company surge from $2.8 million in revenue to what he describes as a billion-dollar run rate.
In a world where rivals like Cursor are making big headlines with potential multi-billion dollar deals, Masad remains firm on keeping Replit independent and focused on its unique end-to-end platform for non-technical users.
‘Cursor has been burning through cash at negative 23% margins,’ Masad explains. ‘We’ve run the business more rationally, achieving gross margin positivity for over a year.’
Replit’s agentic coding experience and full-stack security make it stand out in the market, with high net revenue retention rates of up to 300%. ‘When engineers try to rebuild our prototypes into their own stacks, they often make it worse,’ Masad notes.
‘We’re going to stay independent. We’ve been around for 10 years and we’ve built a lot of those primitives into the platform,’ he concludes, hinting that a sale is not in the cards despite investor interest.
