This study investigates the evolution of growth ambitions in social entrepreneurs across different stages of their entrepreneurial life cycle. It explores how these ambitions, encompassing both social and financial objectives, change over time and are influenced by factors like entrepreneurs’ human capital. The research utilizes a quantitative approach, analyzing data from the GEM 2015 APS Global Individual Data with a focus on social entrepreneurship. Key findings reveal a decrease in growth ambitions among social entrepreneurs as they progress through their life cycle. Contrary to expectations, social entrepreneurs exhibit higher growth ambitions than commercial entrepreneurs. Additionally, the study uncovers that social entrepreneurs with a university degree demonstrate greater growth ambitions, although these ambitions still diminish over time. The impact of previous entrepreneurial experience on growth ambitions was found to be insignificant. These insights are crucial for understanding the long-term performance and potential challenges in the growth of social ventures. The study highlights the importance of human capital, particularly educational attainment, in fostering growth ambitions in social entrepreneurs.