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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 ~$982.8M. Estimates, not financials — open the formula on any game.

  1. 1 SCS Software top: Euro Truck Simulator 2 55 titles ~$982.8M
  2. 2 ConcernedApe top: Stardew Valley 2 titles ~$670.8M
  3. 3 Ludeon Studios top: RimWorld 6 titles ~$379.3M
  4. 4 The Indie Stone top: Project Zomboid 1 title ~$353.5M
  5. 5 Mega Crit top: Slay the Spire 2 titles ~$312.2M
  6. 6 Squad top: Kerbal Space Program 3 titles ~$280.0M
  7. 7 Red Hook Studios top: Darkest Dungeon® 4 titles ~$227.6M
  8. 8 tobyfox top: Undertale 2 titles ~$215.3M
  9. 9 Klei Entertainment top: Oxygen Not Included 6 titles ~$164.2M
  10. 10 Kunos Simulazioni top: Assetto Corsa 12 titles ~$137.7M
  11. 11 Landfall top: Totally Accurate Battle Simulator 1 title ~$120.6M
  12. 12 ProjectMoon top: Lobotomy Corporation | Monster Management Simulation 2 titles ~$109.4M
  13. 13 Introversion Software top: Prison Architect 2 titles ~$98.0M
  14. 14 Beat Games top: Beat Saber 1 title ~$95.3M
  15. 15 Mimimi Games top: Shadow Tactics: Blades of the Shogun 1 title ~$91.8M
  16. 16 Youthcat Studio top: Dyson Sphere Program 1 title ~$70.9M
  17. 17 Aether Studios top: Rivals of Aether 1 title ~$53.6M
  18. 18 Amistech Games top: My Summer Car 2 titles ~$52.9M
  19. 19 Intercept Games top: Kerbal Space Program 2 1 title ~$49.9M
  20. 20 Mechanistry top: Timberborn 1 title ~$48.2M
  21. 21 Two Point Studios top: Two Point Hospital 1 title ~$47.4M
  22. 22 Subset Games top: FTL: Faster Than Light 2 titles ~$44.2M
  23. 23 Maxim Karpenko top: WorldBox - God Simulator 1 title ~$42.1M
  24. 24 Forward Development, Ltd. top: City Car Driving 1 title ~$39.6M
  25. 25 Shining Rock Software LLC top: Banished 1 title ~$38.8M
  26. 26 Claudiu Kiss top: PC Building Simulator 1 title ~$35.9M
  27. 27 Bay 12 Games top: Dwarf Fortress 1 title ~$34.6M
  28. 28 Team17 top: The Escapists 2 1 title ~$34.4M
  29. 29 Polymorph Games top: Foundation 1 title ~$30.9M
  30. 30 Spiderling Studios top: Besiege 1 title ~$30.4M
  31. 31 Team Meat top: Super Meat Boy 1 title ~$29.6M
  32. 32 Camshaft Software Ltd top: Automation - The Car Company Tycoon Game 1 title ~$28.3M
  33. 33 Madruga Works top: Dawn of Man 2 titles ~$27.3M
  34. 34 Straight Back Games top: DEVOUR 1 title ~$27.2M
  35. 35 niceplay games top: Potion Craft: Alchemist Simulator 1 title ~$25.4M
  36. 36 Game-Labs top: Ultimate General: Civil War 3 titles ~$25.0M
  37. 37 crea-ture Studios Inc. top: Session: Skate Sim 1 title ~$23.3M
  38. 38 Four Quarters top: Loop Hero 1 title ~$23.3M
  39. 39 Bulwark Studios top: IXION 1 title ~$22.5M
  40. 40 Worldwalker Games LLC top: Wildermyth 1 title ~$20.7M
  41. 41 Scott Cawthon top: Five Nights at Freddy's 2 titles ~$20.5M
  42. 42 Foxy Voxel top: Going Medieval 1 title ~$19.8M
  43. 43 7th Beat Games top: A Dance of Fire and Ice 2 titles ~$18.4M
  44. 44 MaFi Games top: Captain of Industry 1 title ~$16.5M
  45. 45 RuneStorm top: Viscera Cleanup Detail 1 title ~$15.7M
  46. 46 Hempuli Oy top: Baba Is You 1 title ~$15.5M
  47. 47 Code Horizon top: Gold Mining Simulator 1 title ~$14.8M
  48. 48 NPC Studio top: Fields of Mistria 1 title ~$13.4M
  49. 49 Steel Crate Games top: Keep Talking and Nobody Explodes 1 title ~$13.0M
  50. 50 Mossmouth top: Spelunky 1 title ~$12.8M
  51. 51 Ironhide Game Studio top: Kingdom Rush 5: Alliance TD 2 titles ~$12.8M
  52. 52 Team Fractal Alligator top: Hacknet 1 title ~$12.6M
  53. 53 Trioskaz top: No, I'm not a Human 1 title ~$12.2M
  54. 54 Airship Syndicate top: Battle Chasers: Nightwar 1 title ~$11.9M
  55. 55 LuGus Studios top: Liftoff®: FPV Drone Racing 1 title ~$11.5M
  56. 56 Unfrozen top: Iratus: Lord of the Dead 1 title ~$11.2M
  57. 57 Hovgaard Games top: Big Ambitions 1 title ~$11.1M
  58. 58 Gamious top: Turmoil 1 title ~$10.6M
  59. 59 Beautiful Glitch top: Monster Prom 3 titles ~$10.6M
  60. 60 Oxymoron Games top: Project Hospital 1 title ~$10.5M
  61. 61 Alter Games top: Partisans 1941 1 title ~$10.4M
  62. 62 Weather Factory top: Cultist Simulator 1 title ~$10.3M
  63. 63 Orange_Juice top: 100% Orange Juice 1 title ~$10.2M
  64. 64 Gentlymad Studios top: Endzone - A World Apart 1 title ~$9.9M
  65. 65 Noio top: Kingdom: New Lands 1 title ~$9.4M
  66. 66 NEXT Studios top: Unheard - Voices of Crime 1 title ~$9.3M
  67. 67 Dry Cactus top: Poly Bridge 1 title ~$9.0M
  68. 68 Steel Wool Studios top: Five Nights at Freddy's: Help Wanted 2 1 title ~$9.0M
  69. 69 Bugbyte Ltd. top: Space Haven 1 title ~$8.4M
  70. 70 Dinosaur Polo Club top: Mini Metro 1 title ~$8.0M
  71. 71 Polytron Corporation top: FEZ 1 title ~$7.8M
  72. 72 Shiny Shoe top: Monster Train 2 2 titles ~$7.7M
  73. 73 Terry Cavanagh top: Dicey Dungeons 1 title ~$7.5M
  74. 74 Umami Tiger (Matthias Linda) top: Chained Echoes 2 titles ~$7.4M
  75. 75 Bytten Studio top: Cassette Beasts 1 title ~$7.4M
  76. 76 Zachtronics top: Opus Magnum 1 title ~$7.1M
  77. 77 Blue Meridian top: Prehistoric Kingdom 1 title ~$6.8M
  78. 78 panstasz top: WORLD OF HORROR 1 title ~$6.7M
  79. 79 Lafrontier top: Elin 1 title ~$6.1M
  80. 80 Galaxy Grove top: Town to City 1 title ~$6.1M
  81. 81 Positech Games top: Democracy 4 1 title ~$5.9M
  82. 82 Bouncyrock Entertainment top: TaleSpire 1 title ~$5.9M
  83. 83 MLMEDIA top: Rooftops & Alleys: The Parkour Game 1 title ~$5.4M
  84. 84 KIRA LLC top: Lunacid 1 title ~$5.3M
  85. 85 Inusuku top: Living With Sister: Monochrome Fantasy 1 title ~$5.2M
  86. 86 Alt Shift top: Crying Suns 1 title ~$5.1M
  87. 87 Deadpan Games top: Wildfrost 1 title ~$5.0M
  88. 88 Beawesome Games top: Day of Dragons 1 title ~$4.9M
  89. 89 No Ceiling Games top: Fast Food Simulator 1 title ~$4.8M
  90. 90 Team Curiosity ✦ top: Spaceflight Simulator 1 title ~$4.7M
  91. 91 Gamexcite top: Star Trek: Voyager - Across the Unknown 1 title ~$4.6M
  92. 92 DenchiSoft top: VTube Studio 3 titles ~$4.6M
  93. 93 Conor Petersen top: 5D Chess With Multiverse Time Travel 1 title ~$4.6M
  94. 94 Luden.io top: while True: learn() 1 title ~$4.5M
  95. 95 Northway Games top: I Was a Teenage Exocolonist 1 title ~$4.3M
  96. 96 Greenheart Games 💚 top: Tavern Keeper 🍻 1 title ~$4.2M
  97. 97 Hypnohead top: The King is Watching 1 title ~$4.2M
  98. 98 Soda Den top: Roots of Pacha 1 title ~$4.1M
  99. 99 Ole Lange top: NoLimits 2 Roller Coaster Simulation 2 titles ~$4.0M
  100. 100 TrampolineTales top: Luck be a Landlord 1 title ~$3.6M

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 ~$982.8M. Figures are Boxleiter-derived estimates from public Steam data, summed per studio. See /methodology.