Top Adventure indie studios by revenue

indielist ranks 100 indie studios that ship Adventure games, by estimated revenue from their Adventure titles (white-box, Boxleiter-derived from Steam reviews). Leading is Unknown Worlds Entertainment at ~$738.3M. Estimates, not financials — open the formula on any game.

1. 1 Unknown Worlds Entertainment top: Subnautica 2 titles ~$738.3M
2. 2 Coffee Stain Studios top: Satisfactory 1 title ~$455.6M
3. 3 Redbeet Interactive top: Raft 1 title ~$258.2M
4. 4 System Era Softworks top: ASTRONEER 1 title ~$214.6M
5. 5 BlueTwelve Studio top: Stray 1 title ~$202.1M
6. 6 No Brakes Games top: Human Fall Flat 1 title ~$199.5M
7. 7 Shiro Games top: Northgard: Definitive Edition 4 titles ~$167.2M
8. 8 Daniel Mullins Games top: Inscryption 1 title ~$144.0M
9. 9 Hinterland Studio Inc. top: The Long Dark 1 title ~$127.5M
10. 10 MINTROCKET top: DAVE THE DIVER 1 title ~$111.8M
11. 11 Pathea Games top: My Time at Sandrock 2 titles ~$110.0M
12. 12 Campo Santo top: Firewatch 1 title ~$106.9M
13. 13 11 bit studios top: This War of Mine 1 title ~$101.8M
14. 14 Gears for Breakfast top: A Hat in Time 1 title ~$96.1M
15. 15 Larian Studios top: Divinity: Original Sin - Enhanced Edition 1 title ~$86.6M
16. 16 Thunder Lotus top: Spiritfarer®: Farewell Edition 1 title ~$82.1M
17. 17 OMOCAT, LLC top: OMORI 1 title ~$77.4M
18. 18 Lucas Pope top: Papers, Please 2 titles ~$73.9M
19. 19 AIHASTO top: MiSide 1 title ~$73.0M
20. 20 Klei Entertainment top: Don't Starve 1 title ~$61.5M
21. 21 Giant Sparrow top: What Remains of Edith Finch 2 titles ~$61.4M
22. 22 Nomada Studio top: GRIS 1 title ~$61.0M
23. 23 Crema top: Temtem 1 title ~$60.3M
24. 24 Edmund McMillen top: Mewgenics 3 titles ~$59.2M
25. 25 Freebird Games top: To the Moon 5 titles ~$55.6M
26. 26 Black Salt Games top: DREDGE 1 title ~$49.9M
27. 27 Dynamic Pixels top: Hello Neighbor 1 title ~$47.0M
28. 28 ConchShip Games top: The Scroll of Taiwu : Beyond The Dome 1 title ~$43.6M
29. 29 Lazy Bear Games top: Graveyard Keeper 4 titles ~$43.5M
30. 30 IronOak Games top: For The King 2 titles ~$41.9M
31. 31 Thekla, Inc. top: The Witness 1 title ~$41.2M
32. 32 Daedalic Entertainment top: Ken Follett's The Pillars of the Earth 13 titles ~$40.7M
33. 33 PuffballsUnited top: The Henry Stickmin Collection 1 title ~$40.5M
34. 34 The Swordman Studio top: Wandering Sword 1 title ~$39.5M
35. 35 Ink Stains Games top: Stoneshard 1 title ~$38.9M
36. 36 Amanita Design top: Machinarium 7 titles ~$38.8M
37. 37 Crows Crows Crows top: The Stanley Parable: Ultra Deluxe 1 title ~$38.7M
38. 38 Future Cat LLC top: OneShot 2 titles ~$37.2M
39. 39 Galactic Cafe top: The Stanley Parable 1 title ~$34.5M
40. 40 WSS playground top: NEEDY STREAMER OVERLOAD 1 title ~$34.4M
41. 41 Acacia top: Magical Girl Witch Trials 1 title ~$33.1M
42. 42 Bloober Team SA top: Layers of Fear (2016) 4 titles ~$32.2M
43. 43 Killmonday Games AB top: Fran Bow 2 titles ~$31.3M
44. 44 Stumpy🐙Squid top: Kingdom Two Crowns 1 title ~$30.2M
45. 45 Black Tabby Games top: Slay the Princess — The Pristine Cut 2 titles ~$30.1M
46. 46 Beam Team Games top: Stranded Deep 1 title ~$29.9M
47. 47 Sukeban Games top: VA-11 Hall-A: Cyberpunk Bartender Action 1 title ~$28.9M
48. 48 thatgamecompany top: Journey 1 title ~$28.0M
49. 49 Stairway Games top: Coral Island 1 title ~$28.0M
50. 50 Giant Squid top: ABZU 2 titles ~$26.9M
51. 51 Total Mayhem Games top: We Were Here Forever 4 titles ~$25.6M
52. 52 Eleon Game Studios top: Empyrion - Galactic Survival 1 title ~$25.0M
53. 53 Alawar Stargaze (Warm Lamp Games) top: Beholder 2 titles ~$24.5M
54. 54 Rundisc top: Chants of Sennaar 1 title ~$24.0M
55. 55 Double Cross top: Sultan's Game 1 title ~$23.2M
56. 56 Obb Studio Inc. top: Legend of Mortal 1 title ~$23.0M
57. 57 Ice-Pick Lodge top: Pathologic 2 2 titles ~$22.3M
58. 58 Dogubomb top: Blue Prince 1 title ~$22.2M
59. 59 Pine Studio top: Escape Simulator 3 titles ~$21.9M
60. 60 Altfuture top: Derail Valley 1 title ~$21.5M
61. 61 Pixel Sprout Studios top: Sun Haven 1 title ~$20.5M
62. 62 Sabotage Studio top: Sea of Stars: Sunset Edition 1 title ~$20.4M
63. 63 Wrong Organ top: Mouthwashing 1 title ~$20.1M
64. 64 Foulball Hangover top: Hydroneer 1 title ~$19.7M
65. 65 KEMCO top: Raging Loop 1 title ~$18.9M
66. 66 Campfire Studio top: Soulmask 1 title ~$17.3M
67. 67 Harebrained Schemes top: Shadowrun Returns 3 titles ~$16.9M
68. 68 James Bendon top: Dinkum 1 title ~$16.9M
69. 69 Buried Signal top: Gorogoa 1 title ~$16.4M
70. 70 Draw Me A Pixel top: There Is No Game: Wrong Dimension 2 titles ~$16.3M
71. 71 Strange Loop Games top: Eco 1 title ~$15.6M
72. 72 Alexander Bruce top: Antichamber 1 title ~$15.6M
73. 73 半瓶醋工作室（Half Amateur Studio） top: Hero's Adventure: Road to Passion 1 title ~$15.3M
74. 74 Fireproof Games top: The Room 3 titles ~$15.3M
75. 75 Freehold Games top: Caves of Qud 1 title ~$15.2M
76. 76 Dingaling Productions top: LISA: The Painful 1 title ~$15.0M
77. 77 Deconstructeam top: The Red Strings Club 3 titles ~$15.0M
78. 78 Eek! Games, LLC top: House Party 1 title ~$14.9M
79. 79 League of Geeks top: Armello 1 title ~$14.9M
80. 80 Robot Gentleman top: 60 Seconds! Reatomized 3 titles ~$14.4M
81. 81 SIGONO INC. top: OPUS: Echo of Starsong - Full Bloom Edition 4 titles ~$14.4M
82. 82 Isolated Games top: Travellers Rest 1 title ~$14.4M
83. 83 Modern Storyteller top: The Forgotten City 1 title ~$14.3M
84. 84 UPLAY Online top: Youtubers Life 1 title ~$14.1M
85. 85 Fullbright top: Gone Home 2 titles ~$14.0M
86. 86 KIWIWALKS top: WitchSpring R 1 title ~$13.9M
87. 87 汉家松鼠Han-Squirrel Studio top: Sands of Salzaar 1 title ~$13.8M
88. 88 Al Fine top: Chrono Ark 1 title ~$13.5M
89. 89 ION LANDS top: Cloudpunk 1 title ~$13.4M
90. 90 Sad Owl Studios top: Viewfinder 1 title ~$12.6M
91. 91 Hello Games top: The Last Campfire 1 title ~$12.6M
92. 92 Polychroma Games top: Until Then 1 title ~$12.5M
93. 93 Brave At Night top: Yes, Your Grace 1 title ~$12.2M
94. 94 inXile Entertainment top: Wasteland 2: Director's Cut 3 titles ~$12.0M
95. 95 Ghostpie Studio top: 港詭實錄ParanormalHK 1 title ~$11.9M
96. 96 Perun Creative top: Hobo: Tough Life 1 title ~$11.9M
97. 97 Cyan Worlds, Inc. top: Riven 5 titles ~$11.5M
98. 98 Bad Viking top: Strange Horticulture 2 titles ~$11.5M
99. 99 Double Dagger Studio top: Little Kitty, Big City 1 title ~$11.1M
100. 100 NotGames top: Not For Broadcast 1 title ~$11.0M

Estimates only. How is this calculated?