How much revenue did First Dwarf make?

$65k–$175k after Steam's roughly 30% cut, derived from the copies estimate and its price.

How many copies did First Dwarf sell?

Q: How many copies did First Dwarf sell?

9k to 15k copies, based on its 381 Steam reviews. This is a labeled estimate from the review count, not exact sales.

Estimated copies sold: ≈ 9k–15k; $65k–$175k after Steam's cut $118k–$269k before Steam's cut; from 381 reviews (Mostly Positive)

Copies are estimated from the public review count, adjusted for release year, and cross-checked against SteamSpy's own estimate.

Did the prediction match what actually happened?

We hid First Dwarf and predicted how it would do from its 8 similar games. Every figure here, including First Dwarf's, is estimated from Steam reviews.

Copies, estimated from reviews

typical (middle half) 5.0M–14.4M

best case 27.4M (Phasmophobia)

Games like First Dwarf

A typical game among these

≈ 5.0M–14.4M copies

≈ $48.3M–$129.6M after Steam's cut

from ~299k reviews

Only the top fifth of 2019's Steam releases earned $34k or more before Steam's cut, so plan for that or less.

All 8 of the similar games are hits.

No genre covers most of these similar games. The closest is Co-op (4 of 8), so its genre is hard to place.

Of the 416 indie games that passed 1,000 reviews in 2022, 11.8% were novel genre mixes and 88.2% stuck to an established genre. Published indie market research.

Best case: Phasmophobia at ≈ 20.9M–33.9M copies, ≈ $114.8M–$308.5M after Steam's cut.

What their first month looked like

About half the games that made it here had over 54k reviews in their first month; the range was 2k to 469k.

The genre you'd be entering

These games: The similar games share Co-op (4 of 8) and First-Person (3 of 8).
The winners: Winners here lead with Horror + Psychological Horror, priced around $20.
When they shipped: The similar games span 2020 to 2026, and 2 of the 8 shipped in the last two years.

How these numbers were worked out

A hit here: 1,000+ reviews, roughly $150k+ before Steam's cut (a standard indie benchmark).

Copies come from each game's reviews times a sales-per-review rate of about 31, then widened into a range; revenue rides on that estimate times price. Source: GameDiscoverCo (2020) and VG Insights (2021).

Similar games

Game	Est. copies	Est. revenue	Price	Reviews	Tags
R.E.P.O. 2025	Est. copies ≈ 10.6M–17.2M SteamSpy 10M–20M	Est. revenue $29.1M–$78.2M after Steam's cut $52.9M–$120.2M before Steam's cut	$9.99	427k reviews Overwhelmingly Positive	HorrorOnline Co-Op
Teardown 2022	Est. copies ≈ 3.4M–5.5M SteamSpy 2M–5M	Est. revenue $27.9M–$75.0M after Steam's cut $50.7M–$115.4M before Steam's cut	$29.99	136k reviews Overwhelmingly Positive	DestructionPhysics
Palworld 2026	Est. copies ≈ 12.2M–19.8M 1.6x vs typical SteamSpy 50M–100M	Est. revenue $100.5M–$270.1M after Steam's cut $182.7M–$415.6M before Steam's cut	$29.99	491k reviews Very Positive	Open WorldSurvival
Risk of Rain 2 2020	Est. copies ≈ 8.8M–14.2M SteamSpy 5M–10M	Est. revenue $60.2M–$161.9M after Steam's cut $109.5M–$249.0M before Steam's cut	$24.99	353k reviews Very Positive	Third-Person ShooterAction Roguelike
Phasmophobia 2020	Est. copies ≈ 20.9M–33.9M 2.8x vs typical SteamSpy 10M–20M	Est. revenue $114.8M–$308.5M after Steam's cut $208.6M–$474.7M before Steam's cut	$19.99	842k reviews Very Positive	HorrorOnline Co-Op
Totally Accurate Battle Simulator 2021	Est. copies ≈ 3.8M–6.2M SteamSpy 2M–5M	Est. revenue $21.0M–$56.6M after Steam's cut $38.3M–$87.1M before Steam's cut	$19.99	154k reviews Overwhelmingly Positive	SandboxSimulation
ULTRAKILL 2020	Est. copies ≈ 6.1M–9.9M SteamSpy 5M–10M	Est. revenue $50.2M–$134.8M after Steam's cut $91.2M–$207.4M before Steam's cut	$29.99	245k reviews Overwhelmingly Positive	Boomer ShooterFast-Paced
BattleBit Remastered 2023	Est. copies ≈ 3.6M–5.9M SteamSpy 5M–10M	Est. revenue $15.0M–$40.2M after Steam's cut $27.2M–$61.9M before Steam's cut	$14.99	146k reviews Very Positive	FPSMultiplayer