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indielist (beta)

Top Indie indie studios by revenue

indielist ranks 100 indie studios that ship Indie games, by estimated revenue from their Indie titles (white-box, Boxleiter-derived from Steam reviews). Leading is SCS Software at ~$977.6M. Estimates, not financials — open the formula on any game.

  1. 1 SCS Software top: Euro Truck Simulator 2 3 titles ~$977.6M
  2. 2 ConcernedApe top: Stardew Valley 1 title ~$687.8M
  3. 3 The Indie Stone top: Project Zomboid 1 title ~$492.1M
  4. 4 Ludeon Studios top: RimWorld 1 title ~$374.7M
  5. 5 Mega Crit top: Slay the Spire 2 titles ~$353.2M
  6. 6 Squad top: Kerbal Space Program 1 title ~$288.9M
  7. 7 tobyfox top: Undertale 2 titles ~$245.1M
  8. 8 Red Hook Studios top: Darkest Dungeon® 2 titles ~$226.5M
  9. 9 Klei Entertainment top: Oxygen Not Included 2 titles ~$165.9M
  10. 10 Kunos Simulazioni top: Assetto Corsa 1 title ~$139.5M
  11. 11 Landfall top: Totally Accurate Battle Simulator 1 title ~$123.1M
  12. 12 ProjectMoon top: Lobotomy Corporation | Monster Management Simulation 2 titles ~$120.5M
  13. 13 Introversion Software top: Prison Architect 4 titles ~$100.1M
  14. 14 Mimimi Games top: Shadow Tactics: Blades of the Shogun 2 titles ~$77.3M
  15. 15 Youthcat Studio top: Dyson Sphere Program 1 title ~$71.5M
  16. 16 Beat Games top: Beat Saber 1 title ~$59.7M
  17. 17 Amistech Games top: My Summer Car 2 titles ~$58.4M
  18. 18 Aether Studios top: Rivals of Aether 2 titles ~$54.4M
  19. 19 Mechanistry top: Timberborn 1 title ~$49.8M
  20. 20 Shining Rock Software LLC top: Banished 1 title ~$44.5M
  21. 21 Intercept Games top: Kerbal Space Program 2 1 title ~$43.8M
  22. 22 Maxim Karpenko top: WorldBox - God Simulator 1 title ~$43.6M
  23. 23 Subset Games top: FTL: Faster Than Light 2 titles ~$42.5M
  24. 24 Forward Development, Ltd. top: City Car Driving 2 titles ~$41.4M
  25. 25 香港商河洛互動娛樂股份有限公司 top: Path Of Wuxia 1 title ~$36.7M
  26. 26 Two Point Studios top: Two Point Hospital 1 title ~$36.5M
  27. 27 Claudiu Kiss top: PC Building Simulator 1 title ~$36.1M
  28. 28 Team17 top: The Escapists 2 1 title ~$34.7M
  29. 29 Eugen Systems top: Wargame: Red Dragon 4 titles ~$33.6M
  30. 30 Bay 12 Games top: Dwarf Fortress 1 title ~$32.6M
  31. 31 Crate Entertainment top: Farthest Frontier 1 title ~$31.6M
  32. 32 Polymorph Games top: Foundation 1 title ~$31.4M
  33. 33 Lion Shield, LLC top: Kingdoms and Castles 1 title ~$31.1M
  34. 34 Spiderling Studios top: Besiege 1 title ~$30.8M
  35. 35 Straight Back Games top: DEVOUR 1 title ~$27.4M
  36. 36 Camshaft Software Ltd top: Automation - The Car Company Tycoon Game 1 title ~$27.3M
  37. 37 Madruga Works top: Dawn of Man 2 titles ~$26.0M
  38. 38 niceplay games top: Potion Craft: Alchemist Simulator 1 title ~$25.9M
  39. 39 Game-Labs top: Ultimate General: Civil War 4 titles ~$25.4M
  40. 40 Steel Wool Studios top: Five Nights at Freddy's: Secret of the Mimic 2 titles ~$25.3M
  41. 41 Stoic top: The Banner Saga 3 titles ~$25.2M
  42. 42 Airship Syndicate top: Ruined King: A League of Legends Story™ 2 titles ~$23.6M
  43. 43 Bulwark Studios top: IXION 2 titles ~$23.2M
  44. 44 Team Meat top: Super Meat Boy 1 title ~$23.1M
  45. 45 Four Quarters top: Loop Hero 1 title ~$21.7M
  46. 46 Worldwalker Games LLC top: Wildermyth 1 title ~$20.8M
  47. 47 7th Beat Games top: A Dance of Fire and Ice 1 title ~$20.0M
  48. 48 crea-ture Studios Inc. top: Session: Skate Sim 1 title ~$20.0M
  49. 49 Scott Cawthon top: Five Nights at Freddy's 2 titles ~$19.9M
  50. 50 Zachtronics top: Opus Magnum 9 titles ~$18.0M
  51. 51 MaFi Games top: Captain of Industry 1 title ~$17.3M
  52. 52 Positech Games top: Democracy 3 4 titles ~$16.6M
  53. 53 Shiying Studio top: Firework 1 title ~$16.4M
  54. 54 Foxy Voxel top: Going Medieval 1 title ~$16.0M
  55. 55 RuneStorm top: Viscera Cleanup Detail 1 title ~$15.9M
  56. 56 Dekovir Entertainment top: Craft The World 1 title ~$14.7M
  57. 57 Code Horizon top: Gold Mining Simulator 2 titles ~$14.2M
  58. 58 Chalcedony Network top: 觅长生 1 title ~$13.9M
  59. 59 Hempuli Oy top: Baba Is You 2 titles ~$13.5M
  60. 60 Dry Cactus top: Poly Bridge 2 titles ~$13.3M
  61. 61 NPC Studio top: Fields of Mistria 1 title ~$12.5M
  62. 62 Weather Factory top: Cultist Simulator 2 titles ~$12.4M
  63. 63 Ironhide Game Studio top: Kingdom Rush 5: Alliance TD 3 titles ~$12.4M
  64. 64 LuGus Studios top: Liftoff®: FPV Drone Racing 1 title ~$12.0M
  65. 65 Trioskaz top: No, I'm not a Human 2 titles ~$11.6M
  66. 66 Mossmouth top: Spelunky 1 title ~$11.3M
  67. 67 Steel Crate Games top: Keep Talking and Nobody Explodes 1 title ~$11.0M
  68. 68 Killerfish Games top: Cold Waters 1 title ~$11.0M
  69. 69 Hovgaard Games top: Big Ambitions 1 title ~$10.9M
  70. 70 Brightrock Games top: War for the Overworld 1 title ~$10.6M
  71. 71 Oxymoron Games top: Project Hospital 2 titles ~$10.4M
  72. 72 Illwinter Game Design top: Dominions 5 - Warriors of the Faith 5 titles ~$10.4M
  73. 73 Unfrozen top: Iratus: Lord of the Dead 1 title ~$9.9M
  74. 74 Red Axe Games top: Car For Sale Simulator 1 title ~$9.7M
  75. 75 Beautiful Glitch top: Monster Prom 2 titles ~$9.4M
  76. 76 Coredumping top: Software Inc. 1 title ~$9.4M
  77. 77 Alter Games top: Partisans 1941 1 title ~$9.0M
  78. 78 Gamious top: Turmoil 1 title ~$8.8M
  79. 79 Bugbyte Ltd. top: Space Haven 1 title ~$8.7M
  80. 80 NEXT Studios top: Unheard - Voices of Crime 1 title ~$8.6M
  81. 81 Monster Couch top: Wingspan 1 title ~$8.4M
  82. 82 Gentlymad Studios top: Endzone - A World Apart 1 title ~$8.3M
  83. 83 Team Fractal Alligator top: Hacknet 1 title ~$8.2M
  84. 84 Crytivo top: The Universim 1 title ~$8.0M
  85. 85 Radiant Entertainment top: Stonehearth 1 title ~$7.9M
  86. 86 yevhen8 top: Ostriv 1 title ~$7.8M
  87. 87 Noio top: Kingdom: New Lands 1 title ~$7.8M
  88. 88 Fictiorama Studios top: Do Not Feed the Monkeys 3 titles ~$7.8M
  89. 89 Apog Labs top: Airport CEO 1 title ~$7.7M
  90. 90 Earthshine top: Kingdoms Reborn 1 title ~$7.6M
  91. 91 Umami Tiger (Matthias Linda) top: Chained Echoes 1 title ~$7.5M
  92. 92 Mandragora top: ReStory: Chill Electronics Repairs 2 titles ~$7.2M
  93. 93 MuHa Games top: Thea: The Awakening 3 titles ~$7.0M
  94. 94 6 Eyes Studio top: Fell Seal: Arbiter's Mark 1 title ~$6.8M
  95. 95 Shiny Shoe top: Monster Train 2 1 title ~$6.8M
  96. 96 Christoffer Bodegård top: Esoteric Ebb 1 title ~$6.7M
  97. 97 Terry Cavanagh top: Dicey Dungeons 1 title ~$6.7M
  98. 98 Jutsu Games top: 112 Operator 1 title ~$6.5M
  99. 99 Voracious Games top: Potionomics 1 title ~$6.4M
  100. 100 Bermuda Computer Club top: Naval Action 1 title ~$6.4M

Estimates only. How is this calculated?

Frequently asked questions

Which indie studios earn the most from Indie games?
By indielist's white-box estimate, SCS Software leads the Indie ranking at ~$977.6M. Figures are Boxleiter-derived estimates from public Steam data, summed per studio. See /methodology.