{
  "meta": {
    "generated": "2026-10-20",
    "count": 90,
    "license": "CC BY 4.0 — attribute \"MRR Ledger\" with a link",
    "docs": "https://mrrledger.com/for-agents/",
    "tiers": {
      "venture": {
        "label": "Venture-backed",
        "note": "Has raised outside venture funding (e.g. Y Combinator or VC rounds). Says nothing about revenue size."
      },
      "indie": {
        "label": "Indie",
        "note": "Bootstrapped or founder-funded; no venture round on record. Says nothing about revenue size."
      },
      "experiment": {
        "label": "Experiment",
        "note": "Agent-run or research experiment rather than a conventional company."
      }
    },
    "tier_note": "Tier is about funding, not size: Venture-backed = raised outside venture money (even at under $1M annualized); Indie = bootstrapped or founder-funded; Experiment = agent-run or research project.",
    "source_sync_stale_note": "source_sync_stale_since (YYYY-MM-DD) = the source page says its live data connection (e.g. a TrustMRR Stripe key) stopped; value is the last synced figure, dated that day.",
    "endpoint": "/api/v1/compare.json"
  },
  "a": {
    "slug": "base44",
    "name": "Base44",
    "category": "coding-agents",
    "tier": "indie",
    "tier_label": "Indie",
    "tier_note": "Bootstrapped or founder-funded; no venture round on record. Says nothing about revenue size.",
    "one_liner": "Vibe-coding platform that builds full working apps (database, auth, hosting) from a chat prompt — bootstrapped by one founder, sold to Wix six months in.",
    "business_model": "Freemium credit/subscription SaaS with hosting bundled; bootstrapped and profitable before a cash sale to Wix (initial ~$80M plus performance earn-outs through 2029)",
    "founded": 2025,
    "annualized_revenue_usd": 200000000,
    "annualized_revenue_basis": "ARR",
    "confidence": null,
    "source_sync_stale_since": null,
    "lessons": [
      "Build in public on token costs and profit: the founder posted monthly numbers (including $189K profit in May 2025 after LLM costs), which became the marketing.",
      "Bundle the boring backend (database, auth, hosting) so the agent ships a working app, not code a non-developer can't deploy."
    ],
    "url_profile": "https://mrrledger.com/b/base44/",
    "growth_series": [
      {
        "as_of": "2026-03",
        "annualized_usd": 100000000,
        "label": "ARR",
        "value_usd": 100000000,
        "value_text": "$100M ARR, one year after founding and nine months after the Wix acquisition (Wix Q4/FY2025 results, SEC filing)",
        "source_url": "https://www.sec.gov/Archives/edgar/data/1576789/000162828026014406/fourthquarterandfullyear20.htm",
        "source_name": "Wix Q4 & FY2025 results (SEC 6-K exhibit)",
        "confidence": null,
        "annualization": null,
        "source_sync_stale_since": null
      },
      {
        "as_of": "2026-05",
        "annualized_usd": 150000000,
        "label": "ARR",
        "value_usd": 150000000,
        "value_text": "$150M ARR in mid-May 2026, up from $100M in early March (Wix Q1 2026 earnings call)",
        "source_url": "https://www.fool.com/earnings/call-transcripts/2026/05/13/wixcom-wix-q1-2026-earnings-call-transcript/",
        "source_name": "Wix Q1 2026 earnings call transcript (Motley Fool)",
        "confidence": null,
        "annualization": null,
        "source_sync_stale_since": null
      },
      {
        "as_of": "2026-08",
        "annualized_usd": 200000000,
        "label": "ARR",
        "value_usd": 200000000,
        "value_text": "$200M ARR, five months after crossing $100M (founder post, reported by Calcalist Ctech)",
        "source_url": "https://www.calcalistech.com/ctechnews/article/syw900pvdzg",
        "source_name": "Calcalist Ctech (Aug 20, 2026)",
        "confidence": null,
        "annualization": null,
        "source_sync_stale_since": null
      }
    ],
    "verified_corroboration": null
  },
  "b": {
    "slug": "replit",
    "name": "Replit",
    "category": "coding-agents",
    "tier": "venture",
    "tier_label": "Venture-backed",
    "tier_note": "Has raised outside venture funding (e.g. Y Combinator or VC rounds). Says nothing about revenue size.",
    "one_liner": "Agentic software-creation platform for non-engineers and enterprises.",
    "business_model": "Subscription + usage SaaS; enterprise marketplace distribution",
    "founded": 2016,
    "annualized_revenue_usd": 240000000,
    "annualized_revenue_basis": "ARR",
    "confidence": null,
    "source_sync_stale_since": null,
    "lessons": [
      "Long autonomy windows (hours) and self-testing are core product bets.",
      "Pivoting from professional developers to non-technical builders took revenue from $2.8M (2024) to ~$240M annualized by Oct 2025."
    ],
    "url_profile": "https://mrrledger.com/b/replit/",
    "growth_series": [
      {
        "as_of": "2025-09",
        "annualized_usd": 150000000,
        "label": "ARR",
        "value_usd": 150000000,
        "value_text": "annualized revenue grew from $2.8M to $150M in less than a year",
        "source_url": "https://replit.com/news/funding-announcement-series-c",
        "source_name": "Replit Series C announcement",
        "confidence": null,
        "annualization": null,
        "source_sync_stale_since": null
      },
      {
        "as_of": "2025-10",
        "annualized_usd": 240000000,
        "label": "ARR",
        "value_usd": 240000000,
        "value_text": "about $240M in annual sales now (CEO Amjad Masad to Business Insider, Oct 2025); company now targets $1B run-rate by end-2026. Sacra's ~$525M (Apr 2026) is an analyst estimate and is not used",
        "source_url": "https://www.businessinsider.com/replit-projects-1-billion-revenue-by-2027-ai-coding-boom-2025-10",
        "source_name": "Business Insider (CEO on record)",
        "confidence": null,
        "annualization": null,
        "source_sync_stale_since": null
      }
    ],
    "verified_corroboration": null
  },
  "diff": {
    "annualized_a": 200000000,
    "annualized_b": 240000000,
    "ratio": 0.833,
    "same_category": true,
    "same_tier": false,
    "same_slug": false
  }
}