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Shoot 'em up bullet hell action game with arcade and classic tags, Ikaruga targets players looking for polarity-style high-pressure play. Released in 2014 by Treasure as both developer and publisher, it has 2,324 Steam reviews at 95% positive and a $9.99 initial price.
Overview
Ikaruga is a 2014 Action game developed by TREASURE and published by TREASURE. On Steam it has gathered 2,180 player reviews, 95% of them positive, which counts as a very positive reception among indie titles in the Action category. The game is available on windows, and launched at $10. The pairing of developer TREASURE with publisher TREASURE is one of the studio-publisher relationships indielist tracks, letting players find comparable games and letting developers and investors study how Action projects reach the market. indielist's white-box method estimates its lifetime sales at roughly 111,000 to 259,000 units, with the full Boxleiter factor breakdown shown on this page rather than a single black-box figure. Within indielist's catalog of indie games mapped to their studios, publishers, and funding, Ikaruga can be compared against similar Action titles and benchmarked on review counts and estimated sales.
Reviews
2,180
Positive
95%
Steam appid
253750
Engine
Unknown
Players (snapshot)
Unavailable
Sales estimate
v1.0111K to 259K
units (median: 185K)
≈ $634K to $1.5M modeled net revenue (fixed store-cut, refund, and regional-price assumptions applied)
+ - How is this calculated?
| Factor | Adjustment |
|---|---|
| base | +50 |
| year_2014 | +30 |
| price_$10 | -5 |
| positive_95% | +10 |
| final NB | 85 |
Heuristic display range: median × [0.6, 1.4]. Boundary protection: NB ∈ [15, 150].
Methodology & limitations
Sales estimates use an additive Boxleiter-derived heuristic against public Steam review
counts. They are not authoritative sales data, and the fixed display range
is not a statistically validated confidence interval. Actual results may fall outside it,
especially for deeply discounted or bundle-heavy titles. Algorithm version
v1.0. Read the exact method and validation status.
indielist estimates lifetime unit sales for Ikaruga at roughly 111,000 to 259,000 copies, with a median around 185,000, derived from its 2,180 Steam reviews using a multi-factor Boxleiter method (version v1.0). That median maps to approximately $1.1M in net revenue after Steam's 30% cut, regional pricing, and refunds. Unlike black-box trackers, the full calculation is shown on this page: a base review-to-sales multiplier is adjusted for release year, launch price, review sentiment, studio size, and genre, and every adjustment is listed so developers, publishers, and investors can audit exactly how the figure was reached. The range itself reflects genuine uncertainty — review-to-sales ratios vary widely between games — so indielist publishes a low, median, and high band rather than a false-precision single number, and treats free-to-play, heavily discounted, and bundle-distributed titles as having wider error margins still.
Price history
11 observed days · window low $4.99Across 11 observed UTC days from 2026-06-08 to 2026-07-24, the daily lowest tracked USD price across stores ranged from $4.99 to $9.99. The tracked-window low was $4.99 on 2026-06-08.
Real store observations · daily lowest tracked USD price across stores · missing days are not filled.
Where to buy
Affiliate disclosure- Steam reference$9.99 Buy
- Green Man Gaming
- Fanatical
- Humble Store
- GOG.com
Latest tracked store observations (2026-07-24 05:53 UTC), cheapest first. Prices may have changed since observation. Some are affiliate links — we may earn a commission at no extra cost to you. Learn more.
Platforms
windows
Tags
Shoot 'Em UpBullet HellArcadeClassicActionGreat SoundtrackShooterSci-fiDifficultIndieLocal Co-OpAddictive2DSingleplayerRetroSpaceCo-opControllerLocal MultiplayerPuzzle
Frequently asked questions
- How many copies has Ikaruga sold?
- indielist estimates Ikaruga has sold between 111,180 and 259,420 units (median 185,300), derived from its 2,180 Steam reviews with the white-box Boxleiter v1.0 method. The full breakdown is shown on the page.
- Who developed Ikaruga?
- Ikaruga was developed by TREASURE and published by TREASURE.
- Who published Ikaruga?
- Ikaruga was published by TREASURE, developed by TREASURE. See TREASURE's full catalogue and submission status on indielist.
- When was Ikaruga released?
- Ikaruga was released in 2014.
- How many reviews does Ikaruga have on Steam?
- Ikaruga has 2,180 Steam reviews, of which 95% are positive.
- Is Ikaruga worth playing?
- Steam players rate Ikaruga 95% positive across 2,180 reviews. indielist doesn't score games editorially; it surfaces public review sentiment and a white-box sales estimate so you can judge reception and reach yourself.
Ecosystem
Players looking for games like Ikaruga can compare it on indielist against semantically similar Action titles such as Cuphead, Nova Drift, Spelunky, Just Shapes & Beats, ranked by shared tags and genre rather than by ad spend. On the developer side, TREASURE's other releases and TREASURE's wider catalog are one click away, letting developers benchmark where Ikaruga sits among a studio's body of work and how its publisher's portfolio performs. Because indielist maps studios, publishers, games, and funding into one connected graph, the same Ikaruga page serves three audiences at once: players hunting their next Action game, developers studying how comparable projects were positioned and what they sold, and investors tracing which teams and labels are active in the space. A machine-readable markdown mirror of this page is published at the same path with a .md suffix for AI assistants, and its review, price, and sales-estimate figures are refreshed on a schedule rather than frozen at launch.
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- S
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- J
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