#annual-recurring-revenue

#annual-recurring-revenue

As of late April, a full year since its launch, Q Developer's projected annual recurring revenue was $16.3 million, according to an internal document obtained by BI. The forecast was based on roughly $317,000 in weekly revenue and $1.25 million over the trailing 4-week period. ARR is a common industry metric that extrapolates weekly or monthly revenue streams into an annualized figure.

Loveable, a coding startup, aims to achieve $1 billion in annual recurring revenue within the next year, fueled by rapid growth of $8 million in ARR each month.