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 ~$682.7M. Estimates, not financials — open the formula on any game.

1. 1 Unknown Worlds Entertainment top: Subnautica 2 titles ~$682.7M
2. 2 Coffee Stain Studios top: Satisfactory 1 title ~$459.5M
3. 3 Redbeet Interactive top: Raft 1 title ~$259.7M
4. 4 BlueTwelve Studio top: Stray 1 title ~$203.8M
5. 5 No Brakes Games top: Human Fall Flat 1 title ~$200.4M
6. 6 System Era Softworks top: ASTRONEER 1 title ~$183.8M
7. 7 Shiro Games top: Northgard: Definitive Edition 4 titles ~$168.5M
8. 8 Daniel Mullins Games top: Inscryption 1 title ~$131.8M
9. 9 Hinterland Studio Inc. top: The Long Dark 1 title ~$128.3M
10. 10 MINTROCKET top: DAVE THE DIVER 1 title ~$111.8M
11. 11 Campo Santo top: Firewatch 1 title ~$107.6M
12. 12 11 bit studios top: This War of Mine 1 title ~$102.1M
13. 13 Pathea Games top: My Time at Portia 2 titles ~$100.8M
14. 14 OMOCAT, LLC top: OMORI 1 title ~$77.9M
15. 15 Gears for Breakfast top: A Hat in Time 1 title ~$77.3M
16. 16 AIHASTO top: MiSide 2 titles ~$73.9M
17. 17 Thunder Lotus top: Spiritfarer®: Farewell Edition 1 title ~$73.2M
18. 18 Larian Studios top: Divinity: Original Sin - Enhanced Edition 1 title ~$73.0M
19. 19 Lucas Pope top: Papers, Please 2 titles ~$71.7M
20. 20 Freebird Games top: To the Moon 5 titles ~$65.1M
21. 21 Nomada Studio top: GRIS 1 title ~$61.3M
22. 22 Edmund McMillen top: Mewgenics 3 titles ~$60.7M
23. 23 Crema top: Temtem 1 title ~$60.3M
24. 24 Giant Sparrow top: What Remains of Edith Finch 2 titles ~$55.5M
25. 25 IronOak Games top: For The King 2 titles ~$54.6M
26. 26 Klei Entertainment top: Don't Starve 1 title ~$52.7M
27. 27 Black Salt Games top: DREDGE 1 title ~$49.9M
28. 28 Dynamic Pixels top: Hello Neighbor 1 title ~$48.9M
29. 29 Thekla, Inc. top: The Witness 2 titles ~$44.4M
30. 30 Lazy Bear Games top: Graveyard Keeper 4 titles ~$44.4M
31. 31 ConchShip Games top: The Scroll of Taiwu : Beyond The Dome 1 title ~$43.7M
32. 32 PuffballsUnited top: The Henry Stickmin Collection 1 title ~$41.0M
33. 33 The Swordman Studio top: Wandering Sword 1 title ~$40.2M
34. 34 Daedalic Entertainment top: Ken Follett's The Pillars of the Earth 13 titles ~$40.2M
35. 35 Amanita Design top: Machinarium 7 titles ~$39.9M
36. 36 Ink Stains Games top: Stoneshard 1 title ~$39.3M
37. 37 Galactic Cafe top: The Stanley Parable 1 title ~$39.3M
38. 38 WSS playground top: NEEDY STREAMER OVERLOAD 1 title ~$37.6M
39. 39 Crows Crows Crows top: The Stanley Parable: Ultra Deluxe 1 title ~$36.9M
40. 40 Future Cat LLC top: OneShot 2 titles ~$34.5M
41. 41 Acacia top: Magical Girl Witch Trials 1 title ~$34.2M
42. 42 Bloober Team SA top: Layers of Fear (2016) 4 titles ~$32.6M
43. 43 Stumpy🐙Squid top: Kingdom Two Crowns 1 title ~$31.7M
44. 44 Killmonday Games AB top: Fran Bow 2 titles ~$31.5M
45. 45 Black Tabby Games top: Slay the Princess — The Pristine Cut 2 titles ~$31.1M
46. 46 Beam Team Games top: Stranded Deep 1 title ~$30.0M
47. 47 Sukeban Games top: VA-11 Hall-A: Cyberpunk Bartender Action 1 title ~$29.1M
48. 48 Stairway Games top: Coral Island 1 title ~$28.3M
49. 49 Giant Squid top: ABZU 2 titles ~$27.1M
50. 50 thatgamecompany top: Journey 1 title ~$25.5M
51. 51 Eleon Game Studios top: Empyrion - Galactic Survival 1 title ~$25.0M
52. 52 Rundisc top: Chants of Sennaar 1 title ~$25.0M
53. 53 Alawar Stargaze (Warm Lamp Games) top: Beholder 2 titles ~$24.7M
54. 54 Total Mayhem Games top: We Were Here Forever 4 titles ~$24.0M
55. 55 Double Cross top: Sultan's Game 1 title ~$23.4M
56. 56 Obb Studio Inc. top: Legend of Mortal 1 title ~$23.4M
57. 57 Ice-Pick Lodge top: Pathologic 2 2 titles ~$22.5M
58. 58 Altfuture top: Derail Valley 1 title ~$21.8M
59. 59 Sabotage Studio top: Sea of Stars: Sunset Edition 1 title ~$20.8M
60. 60 Pixel Sprout Studios top: Sun Haven 1 title ~$20.6M
61. 61 Foulball Hangover top: Hydroneer 1 title ~$19.9M
62. 62 Dogubomb top: Blue Prince 1 title ~$19.8M
63. 63 KEMCO top: Raging Loop 1 title ~$19.5M
64. 64 Wrong Organ top: Mouthwashing 1 title ~$18.0M
65. 65 Campfire Studio top: Soulmask 1 title ~$17.5M
66. 66 Harebrained Schemes top: Shadowrun Returns 3 titles ~$17.0M
67. 67 James Bendon top: Dinkum 1 title ~$16.9M
68. 68 Draw Me A Pixel top: There Is No Game: Wrong Dimension 2 titles ~$16.6M
69. 69 Buried Signal top: Gorogoa 1 title ~$16.5M
70. 70 Pine Studio top: Escape Simulator 2 titles ~$16.3M
71. 71 Alexander Bruce top: Antichamber 1 title ~$15.6M
72. 72 Strange Loop Games top: Eco 1 title ~$15.6M
73. 73 半瓶醋工作室（Half Amateur Studio） top: Hero's Adventure: Road to Passion 1 title ~$15.5M
74. 74 Freehold Games top: Caves of Qud 1 title ~$15.4M
75. 75 Fireproof Games top: The Room 3 titles ~$15.4M
76. 76 Dingaling Productions top: LISA: The Painful 1 title ~$15.0M
77. 77 Eek! Games, LLC top: House Party 1 title ~$15.0M
78. 78 League of Geeks top: Armello 1 title ~$14.9M
79. 79 Isolated Games top: Travellers Rest 1 title ~$14.6M
80. 80 SIGONO INC. top: OPUS: Echo of Starsong - Full Bloom Edition 4 titles ~$14.6M
81. 81 Robot Gentleman top: 60 Seconds! Reatomized 3 titles ~$14.5M
82. 82 Deconstructeam top: The Red Strings Club 3 titles ~$14.5M
83. 83 Modern Storyteller top: The Forgotten City 1 title ~$14.5M
84. 84 UPLAY Online top: Youtubers Life 1 title ~$14.1M
85. 85 Fullbright top: Gone Home 2 titles ~$14.1M
86. 86 汉家松鼠Han-Squirrel Studio top: Sands of Salzaar 1 title ~$13.8M
87. 87 Al Fine top: Chrono Ark 1 title ~$13.6M
88. 88 ION LANDS top: Cloudpunk 1 title ~$13.5M
89. 89 Sad Owl Studios top: Viewfinder 1 title ~$13.1M
90. 90 Hello Games top: The Last Campfire 1 title ~$12.9M
91. 91 Polychroma Games top: Until Then 1 title ~$12.9M
92. 92 Brave At Night top: Yes, Your Grace 1 title ~$12.3M
93. 93 inXile Entertainment top: Wasteland 2: Director's Cut 3 titles ~$12.0M
94. 94 Perun Creative top: Hobo: Tough Life 1 title ~$12.0M
95. 95 Ghostpie Studio top: 港詭實錄ParanormalHK 1 title ~$12.0M
96. 96 KIWIWALKS top: WitchSpring R 1 title ~$11.7M
97. 97 Bad Viking top: Strange Horticulture 2 titles ~$11.7M
98. 98 Cyan Worlds, Inc. top: Riven 5 titles ~$11.7M
99. 99 Double Dagger Studio top: Little Kitty, Big City 1 title ~$11.3M
100. 100 NotGames top: Not For Broadcast 1 title ~$11.1M

Estimates only. How is this calculated?