Which indie hackers show their revenue every month?

How many indie hackers really show their revenue every month?

Very few indie hackers currently leave a clean month-by-month revenue trail.

Revenue Journeys’ latest completed archive collected 69 posts from builders saying what they made that month, with $692,500 of revenue mentioned across the page. That sounds like a huge pool of transparent founders. Once we checked whether the same people kept publishing comparable numbers across several months, the pool got much smaller.

The clearest long-running examples we could verify are Marc Lou and Axel Schapmann. Nevo David and Rob Hallam have shorter but credible month-end streaks. Martin Donadieu is highly transparent through both public posts and a payment-connected dashboard, while Pieter Levels shares plenty of revenue data without following a regular month-end format.

There are plenty of indie hackers talking about revenue these days. The useful list is much smaller: founders whose numbers can actually be followed like a real monthly series.

Does a live MRR dashboard count as showing revenue every month?

Yes, a live MRR dashboard counts as strong revenue transparency, although we keep it separate from a founder who publishes a new month-end breakdown every month.

TrustMRR currently connects directly to payment providers including Stripe, LemonSqueezy, Paddle, Polar, RevenueCat and others. Its public startup pages show figures such as trailing-30-day revenue, MRR, total revenue and active subscriptions, and the platform says those numbers normally refresh about once an hour.

That can actually tell us more about a business today than a monthly screenshot. Postiz, for example, exposes payment-connected MRR and subscription counts without making us wait for the founder’s next post.

Where live dashboards get awkward is history. A rolling 30-day number changes constantly, while a dated monthly post stays fixed. If we want to compare January with June six months later, repeated month-end posts are much easier to work with.

Is Marc Lou still the clearest indie hacker publishing revenue every month?

Yes, Marc Lou is currently the clearest high-revenue indie hacker we could verify publishing a proper portfolio breakdown for every completed month this year.

We found eight consecutive reports from January through August. Together they add up to $676,216, or an average of $84,527 per month. More useful than the total is what happened inside the portfolio.

CodeFast and ShipFast generated about $40,700 together in January. By August, those two products were down to about $7,000 combined, an 83% drop. Yet Lou’s total monthly revenue was only about 13% below January because TrustMRR and DataFast grew from roughly $48,900 combined to $68,000, while newer products also contributed along the way.

Following Marc Lou month by month shows something a single screenshot misses: an old hit can fade hard while another product quietly takes its place. A lone “$80K month” post would hide most of that movement.

Month	Marc Lou reported revenue
January	$94,799
February	$81,683
March	$78,120
April	$69,768
May	$87,507
June	$83,701
July	$98,417
August	$82,221

Does Axel Schapmann really publish his side-project revenue every month?

Yes, Axel Schapmann has one of the cleanest smaller indie-hacker revenue series we could verify, with seven consecutive monthly reports from January through July.

His side-project revenue rose from €1,987 to €3,168 across that run, but the path was messy enough to be useful. May is the best example. Revenue fell from €2,770 to €2,000, while Schapmann said combined MRR rose from €1,015 to €1,315 at the same time. Cash income looked worse; the recurring base was 30% larger.

Across the seven verified months, Schapmann reported €17,457, averaging about €2,494 per month. This is a very different business from Marc Lou’s portfolio, which makes the series useful for founders who are still trying to get from a few hundred euros of MRR to something they can live on.

We have not found his next monthly income post yet, so we would describe the streak as verified through July rather than quietly extending it ourselves.

Month	Axel Schapmann reported revenue
January	€1,987
February	€2,179
March	€2,523
April	€2,770
May	€2,000
June	€2,830
July	€3,168

Is Nevo David now showing Postiz revenue every month?

Nevo David is starting to look like a genuine monthly revenue reporter, but the public streak we can verify is still much shorter than Marc Lou’s or Axel Schapmann’s.

David reported $172,031 across his businesses in July, with $169,250 coming from Postiz. His August update came in at $185,324, including $182,747 from Postiz. That is roughly 8% growth in total reported income in one month.

Postiz is even easier to check because its TrustMRR profile is live. It shows about $197,000 MRR, around 5,800 active subscriptions and more than $1 million of all-time revenue. David had said earlier in the year that he was around $21,000 MRR in January, so the latest verified run rate is roughly nine times that level.

David is one to follow from here. The public evidence supports a recent sequence of month-end disclosures backed by a live Stripe-connected profile; it does not support an eight-month posting streak yet.

Who else is starting to post indie-hacker revenue every month?

Rob Hallam is the clearest new monthly reporter we found lately, while several smaller builders are publishing promising but shorter histories.

Hallam reported $28,287.30 in July, mostly from SuperX, then $29,310.35 in August. The headline barely moved, up about 4%, while the business underneath changed a lot. SuperX fell from $22,456 to $18,144, and the newly launched Can I Vibecode It generated $8,791 in three days. Two monthly posts are too few for us to call this a long-running habit, but the format is already consistent.

At a much smaller scale, @the_mcnaveen disclosed a four-month sequence for one app: $213 in April, $432 in May, $729 in June and $895 in July. He also made clear that the money was one-time revenue rather than recurring subscriptions. That sequence appeared together in one post, so we treat it as a useful public history rather than four separate month-end reports.

RichDoesTech has done something similar, publishing May, June and July revenue and saying he planned to make the updates regular. These younger streaks are worth watching because consistent reporting often disappears once the first few posts stop being novel.

Does Martin Donadieu count if Capgo revenue is public all the time?

Martin Donadieu counts as highly transparent, mainly because Capgo’s revenue is public continuously.

Donadieu did publish a July breakdown showing $30,400 in total income, including $27,005 from Capgo and $3,400 from services. Capgo’s current payment-connected TrustMRR page shows about $37,700 of trailing-30-day revenue, $29,001 MRR, 1,033 active subscriptions and more than $508,000 of all-time revenue.

For someone trying to answer “how big is Capgo today?”, that live profile is excellent. The evidence gets thinner if we want a clean spreadsheet of Donadieu’s exact month-end posts, because we could not verify a long uninterrupted sequence with the same confidence we have for Marc Lou and Axel Schapmann.

Donadieu belongs on a list of transparent indie hackers, with his live Capgo dashboard doing most of the work.

Does Pieter Levels actually show his revenue every month?

No, Pieter Levels shares unusually detailed revenue figures, but we could not verify the same kind of month-end revenue post every month.

Levels publishes project economics directly on his own site and talks about revenue often. One of the clearest recent disclosures was Photo AI at $105,000 per month in revenue and $80,000 per month in profit. His projects page also keeps a public history of what he has built, including successes and failures.

That makes Levels one of the most financially open indie hackers around. It still gives us a different dataset from Marc Lou’s eight consecutive portfolio reports. Levels tends to disclose revenue when there is something specific to say about a product, a milestone or a change in the business.

If the question is “which indie hackers openly show what their products make?”, Levels belongs near the top. If the question is literally “who publishes a comparable new revenue breakdown every month?”, we would leave him out of the strict list.

Why can an indie hacker show $10K of monthly revenue and almost no MRR?

Monthly revenue can be much higher than MRR because indie hackers increasingly mix subscriptions with one-time purchases, annual plans, services, sponsorships and affiliate income.

AI Directories currently shows about $8,270 of trailing-30-day revenue on TrustMRR but only $844 MRR. Its main packages are one-time directory-submission purchases. Cooldock shows roughly $6,348 over 30 days and no MRR because the Mac app is sold as a one-time $15 purchase. Capgo looks very different: roughly $37,700 over 30 days against $29,001 MRR because subscriptions are a much bigger part of the business.

Calling every monthly income number “MRR” can badly mislead readers. A founder can truthfully make $20,000 this month and still have a tiny recurring base.

Business	Trailing-30-day revenue	MRR	What drives the gap
AI Directories	~$8.3K	$844	Mostly one-time packages
Cooldock	~$6.3K	$0	One-time app purchase
Capgo	~$37.7K	~$29K	Subscription-heavy SaaS

Can we trust indie hackers who post their revenue publicly?

We can trust the direction and rough scale much more when a payment provider verifies the numbers, while a founder screenshot should still be treated as self-reported.

TrustMRR says its verification pulls aggregate revenue data directly from a payment provider through read-only credentials and normally refreshes hourly. That is stronger evidence than somebody typing “$50K MRR” into an X post.

A processor connection gives us stronger evidence, but it still falls short of an audit. TrustMRR itself says reconstructed MRR, churn and revenue can differ from the payment provider’s own dashboard by as much as 30% because refunds, trials, prorations and currency conversion are handled differently.

The best evidence we can get from a private indie business is repeated founder disclosures plus a processor-connected profile landing in roughly the same range. When only a screenshot exists, we can still use it, but we should call it founder-reported instead of verified revenue.

Should salary, consulting and X payouts count as indie-hacker revenue?

Salary should be separated from indie-business revenue, and consulting, affiliates or creator payouts should be shown separately so the reader can see what the products themselves make.

The latest Revenue Journeys archive shows why. One founder reported $25,220 for the month, but $15,000 came from a day job. Another reported $15,014 with $14,083 coming from a nine-to-five. A third headline was $3,005, of which $3,000 was salary and only $5 came from vibe-coded projects.

There is nothing wrong with a founder making money from consulting, X, affiliates or a salary. The problem starts when those sources are blended into one headline and readers assume they are looking at SaaS revenue.

Marc Lou’s format is better because the products, X income and smaller sources are broken out individually. We can choose the number that answers the question we are actually asking.

Do giant revenue screenshots make indie hacking look richer than it really is?

Yes, the public revenue feed currently looks much richer than the typical builder because a few huge posts dominate the dollars people see.

Revenue Journeys’ 69-post archive contained about $692,500 of disclosed monthly income. Zernio contributed $219,651, Nevo David disclosed $172,031, and Marc Lou posted $98,417. Those three alone account for roughly 71% of all the money mentioned in the archive.

The fourth-largest post pushes the concentration above 80%. So four posts produced more than four-fifths of the disclosed dollars while the same page also contained builders making $895, $500, $300, $171 and less.

Following the same founder month after month gives us much more than a feed of isolated screenshots. We can see whether the business is actually improving, stalling or simply having one exceptional launch month.

Where can we track public indie-hacker revenue without searching X all day?

Revenue Journeys, TrustMRR, Brag in Public and Indie Hacker Directory are the most useful shortcuts we found, but they answer slightly different questions.

Revenue Journeys is best for finding explicit “I made $X this month” posts and comparing many builders in one place. Brag in Public captures a similar stream of founder revenue posts. TrustMRR is better when we want payment-connected revenue, MRR and subscription counts at a glance. Indie Hacker Directory is useful for checking when a founder last disclosed a number because every listed MRR figure carries a source and a date.

The date attached to the number is especially important. Indie Hacker Directory has 35 makers and says 32 have disclosed MRR, yet some well-known figures are based on much older disclosures. Tony Dinh’s listed $130,000 MRR, for example, comes from a self-report from 2025. That figure is public, but it tells us nothing about whether he still posts revenue every month.

We use directories to discover founders, then go back to the founder’s own dated posts and payment-connected pages before calling someone a monthly reporter.

Which indie hackers actually show their revenue every month?

Marc Lou is currently the strongest answer, Axel Schapmann has the clearest smaller-business streak, and Nevo David plus Rob Hallam are the most convincing newer additions to watch.

Marc Lou has eight consecutive completed-month portfolio reports that we could verify. Axel Schapmann has seven consecutive reports through the latest month in his verified sequence. Nevo David has posted consecutive month-end Postiz-heavy breakdowns alongside a live verified dashboard. Rob Hallam has two matching portfolio reports in a row, so his streak is real but still young.

Martin Donadieu belongs on the broader transparency list because Capgo’s payment-connected economics are public continuously. Pieter Levels also remains unusually open, although his disclosures come product by product rather than as a standardized monthly ritual. Smaller builders such as @the_mcnaveen and RichDoesTech have started useful sequences, but we need more months before putting them beside the established reporters.

In practice, the list is much narrower than build-in-public culture makes it look. Plenty of indie hackers reveal revenue, while far fewer give us a clean new number every month that we can compare with the previous one.

Founder	What we can verify now	Best description
Marc Lou	Eight consecutive portfolio reports	Established monthly reporter
Axel Schapmann	Seven consecutive side-project reports	Established monthly reporter
Nevo David	Consecutive recent reports + live verified Postiz data	Current monthly reporter with a shorter streak
Rob Hallam	Two consecutive portfolio reports	Emerging monthly reporter
Martin Donadieu	Monthly disclosure + continuously verified Capgo data	Continuously public
@the_mcnaveen	Four-month revenue history disclosed publicly	Developing public series
RichDoesTech	Three-month history and stated plan to continue	Developing monthly series
Pieter Levels	Frequent detailed product revenue disclosures	Highly transparent, irregular format