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 Larian Studios at ~$2771.7M. Estimates, not financials — open the formula on any game.

1. 1 Larian Studios top: Baldur's Gate 3 3 titles ~$2771.7M
2. 2 Unknown Worlds Entertainment top: Subnautica 2 titles ~$664.8M
3. 3 Coffee Stain Studios top: Satisfactory 1 title ~$445.1M
4. 4 Redbeet Interactive top: Raft 1 title ~$254.5M
5. 5 No Brakes Games top: Human Fall Flat 1 title ~$197.5M
6. 6 BlueTwelve Studio top: Stray 1 title ~$197.2M
7. 7 Expansive Worlds top: theHunter: Call of the Wild™ 1 title ~$189.5M
8. 8 System Era Softworks top: ASTRONEER 5 titles ~$182.2M
9. 9 Shiro Games top: Northgard: Definitive Edition 7 titles ~$162.1M
10. 10 ATLUS top: Persona 3 Reload 3 titles ~$152.7M
11. 11 CAPCOM Co., Ltd. top: Phoenix Wright: Ace Attorney Trilogy 4 titles ~$135.2M
12. 12 Tarsier Studios top: Little Nightmares II 2 titles ~$135.0M
13. 13 Daniel Mullins Games top: Inscryption 1 title ~$128.2M
14. 14 Hinterland Studio Inc. top: The Long Dark 2 titles ~$127.1M
15. 15 Pathea Games top: My Time at Sandrock 2 titles ~$109.0M
16. 16 MINTROCKET top: DAVE THE DIVER 1 title ~$106.6M
17. 17 Campo Santo top: Firewatch 1 title ~$104.8M
18. 18 11 bit studios top: This War of Mine 1 title ~$101.3M
19. 19 Naughty Dog LLC top: UNCHARTED™: Legacy of Thieves Collection 1 title ~$100.0M
20. 20 Skybound Games top: The Walking Dead: The Telltale Definitive Series 1 title ~$99.3M
21. 21 Gears for Breakfast top: A Hat in Time 1 title ~$76.6M
22. 22 OMOCAT, LLC top: OMORI 1 title ~$75.9M
23. 23 Lucas Pope top: Papers, Please 2 titles ~$72.3M
24. 24 Thunder Lotus top: Spiritfarer®: Farewell Edition 1 title ~$71.5M
25. 25 AIHASTO top: MiSide 1 title ~$71.3M
26. 26 ConchShip Games top: The Scroll Of Taiwu 1 title ~$69.0M
27. 27 Saber Interactive top: SnowRunner 1 title ~$68.5M
28. 28 Miju Games top: The Planet Crafter 1 title ~$67.6M
29. 29 MAXIS top: The Sims™ 4 1 title ~$60.5M
30. 30 Crema top: Temtem 1 title ~$60.2M
31. 31 Nomada Studio top: GRIS 1 title ~$60.0M
32. 32 Klei Entertainment top: Don't Starve 1 title ~$52.2M
33. 33 Giant Sparrow top: What Remains of Edith Finch 1 title ~$51.9M
34. 34 Edmund McMillen top: Mewgenics 1 title ~$51.2M
35. 35 Thekla, Inc. top: The Witness 1 title ~$49.9M
36. 36 Black Salt Games top: DREDGE 1 title ~$48.7M
37. 37 Telltale Games top: The Walking Dead 1 title ~$45.1M
38. 38 IronOak Games top: For The King 5 titles ~$44.6M
39. 39 Team Bondi top: L.A. Noire 1 title ~$41.5M
40. 40 Spike Chunsoft Co., Ltd. top: Danganronpa: Trigger Happy Havoc 1 title ~$39.8M
41. 41 Ink Stains Games top: Stoneshard 1 title ~$39.5M
42. 42 PuffballsUnited top: The Henry Stickmin Collection 1 title ~$39.2M
43. 43 Lazy Bear Games top: Graveyard Keeper 4 titles ~$38.1M
44. 44 The Swordman Studio top: Wandering Sword 1 title ~$37.4M
45. 45 Stumpy🐙Squid top: Kingdom Two Crowns 1 title ~$37.4M
46. 46 Freebird Games top: To the Moon 1 title ~$37.2M
47. 47 Crows Crows Crows top: The Stanley Parable: Ultra Deluxe 1 title ~$35.5M
48. 48 Acacia top: Magical Girl Witch Trials 1 title ~$35.0M
49. 49 Tactical Adventures top: Solasta: Crown of the Magister 3 titles ~$34.4M
50. 50 Galactic Cafe top: The Stanley Parable 1 title ~$34.3M
51. 51 Stairway Games top: Coral Island 1 title ~$34.2M
52. 52 LEVEL5 Inc. top: Ni no Kuni™ II: Revenant Kingdom 1 title ~$34.2M
53. 53 WSS playground top: NEEDY STREAMER OVERLOAD 1 title ~$33.1M
54. 54 Beamdog top: Baldur's Gate: Enhanced Edition 2 titles ~$32.4M
55. 55 Killmonday Games AB top: Fran Bow 2 titles ~$32.4M
56. 56 Dojin Otome top: Summer Memories 2 titles ~$32.1M
57. 57 Double Cross top: Sultan's Game 1 title ~$31.6M
58. 58 Alawar Stargaze (Warm Lamp Games) top: Beholder 2 titles ~$31.4M
59. 59 Giant Squid top: ABZU 1 title ~$31.2M
60. 60 Future Cat LLC top: OneShot 1 title ~$31.0M
61. 61 Owlcat Games top: Pathfinder: Kingmaker — Enhanced Plus Edition 1 title ~$29.8M
62. 62 Beam Team Games top: Stranded Deep 1 title ~$29.6M
63. 63 DONTNOD Entertainment top: Life is Strange 2 1 title ~$29.1M
64. 64 Flaming Fowl Studios top: Gloomhaven 1 title ~$28.7M
65. 65 Sukeban Games top: VA-11 Hall-A: Cyberpunk Bartender Action 1 title ~$28.6M
66. 66 Bloober Team top: The Medium 1 title ~$28.6M
67. 67 thatgamecompany top: Journey 1 title ~$27.5M
68. 68 Square Enix top: DRAGON QUEST® XI S: Echoes of an Elusive Age™ - Definitive Edition 1 title ~$26.8M
69. 69 Supermassive Games top: Little Nightmares III 1 title ~$25.1M
70. 70 Rundisc top: Chants of Sennaar 1 title ~$25.0M
71. 71 Sabotage Studio top: Sea of Stars 1 title ~$24.7M
72. 72 Ice-Pick Lodge top: Pathologic 2 1 title ~$24.0M
73. 73 Amanita Design top: Machinarium 2 titles ~$24.0M
74. 74 Obsidian Entertainment top: Tyranny 1 title ~$23.7M
75. 75 Ubisoft Montpellier top: Valiant Hearts: The Great War™ / Soldats Inconnus : Mémoires de la Grande Guerre™ 1 title ~$23.4M
76. 76 Pixel Sprout Studios top: Sun Haven 1 title ~$23.1M
77. 77 Black Tabby Games top: Slay the Princess — The Pristine Cut 1 title ~$23.1M
78. 78 Fireproof Games top: The Room 4: Old Sins 4 titles ~$23.0M
79. 79 League of Geeks top: Armello 1 title ~$21.7M
80. 80 Pine Studio top: Escape Simulator 2 titles ~$21.5M
81. 81 Altfuture top: Derail Valley 1 title ~$20.7M
82. 82 Dogubomb top: Blue Prince 1 title ~$20.7M
83. 83 Foulball Hangover top: Hydroneer 2 titles ~$20.4M
84. 84 Campfire Studio top: Soulmask 1 title ~$20.4M
85. 85 James Bendon top: Dinkum 1 title ~$19.7M
86. 86 KEMCO top: Raging Loop 1 title ~$18.3M
87. 87 BioWare top: STAR WARS™ Knights of the Old Republic™ 1 title ~$18.2M
88. 88 Buried Signal top: Gorogoa 1 title ~$17.3M
89. 89 Dingaling Productions top: LISA: The Painful 1 title ~$17.2M
90. 90 Wrong Organ top: Mouthwashing 1 title ~$17.1M
91. 91 Modern Storyteller top: The Forgotten City 1 title ~$17.0M
92. 92 Total Mayhem Games top: We Were Here Together 3 titles ~$16.8M
93. 93 Kit9 Studio top: The Coffin of Andy and Leyley 1 title ~$16.7M
94. 94 Draw Me A Pixel top: There Is No Game: Wrong Dimension 1 title ~$16.1M
95. 95 Freehold Games top: Caves of Qud 1 title ~$15.9M
96. 96 UPLAY Online top: Youtubers Life 1 title ~$15.8M
97. 97 Isolated Games top: Travellers Rest 1 title ~$15.3M
98. 98 半瓶醋工作室（Half Amateur Studio） top: Hero's Adventure: Road to Passion 1 title ~$15.2M
99. 99 ION LANDS top: Cloudpunk 1 title ~$14.8M
100. 100 Al Fine top: Chrono Ark 1 title ~$14.5M

Estimates only. How is this calculated?