Valheim Steam key art
Valheim cover art

Steam revenue analysis

Valheim Steam Revenue & Sales Estimates

Iron Gate AB · Coffee Stain Publishing

$182.5MEst. Gross Revenue

14,495,012 estimated sales, 94% positive reviews, and $142,993,760.86 potentially retained by the developer after Steam's platform fees.

Action94% Positive$19.99

Revenue Overview

$182.5M

Gross Revenue

$143M

Developer Revenue

14,495,012

Est. Copies Sold

$36.5M

Revenue / Year (avg. 5 yr)

$125.9MLow estimate
$182.5MBest estimate
$377.6MHigh estimate

How the revenue splits

Gross Revenue
$182,492,201
− Steam Platform Fee(21.6%)
−$39,498,440
Developer Revenue
$142,993,761

Developer vs. Steam

Developer: 78.4%($142,993,761)Steam: 21.6%($39,498,440)

Tiered Fee Structure

Tier 1 ($0–$10M) (30%)$3,000,000
Tier 2 ($10M–$50M) (25%)$10,000,000
Tier 3 ($50M+) (20%)$26,498,440

More context in the Steam game revenue hub or in the Steam revenue calculator.

How we estimate this

94%positive
499,828Total Reviews
469,838positive (94%)
29,990negative (6%)

Step by step

  1. 1

    Capture Steam review volume as the primary demand signal

    499,828 reviews and a 94% positive rating are used as the starting point because Steam review counts correlate strongly with paid ownership.

  2. 2

    Apply a calibrated Boxleiter multiplier

    For Valheim, we use a midpoint multiplier of ×29 and show a wider range from ×20 to ×60 to reflect uncertainty.

  3. 3

    Use a realistic realized sale price instead of only list price

    Rather than relying only on the current price of $20, we estimate a realized average sale price of $13 to account for discounting over time.

  4. 4

    Translate gross revenue into developer revenue

    We then apply Steam's effective fee rate of 21.6%. That turns an estimated $182,492,201 in gross revenue into roughly $142,993,761 retained by the developer.

Calibrated inputs for this game

Avg. sale price

$12.59

List price $19.99

Boxleiter multiplier

×29

Range ×20–×60

Effective Steam fee

21.6%

Tiered 30 / 25 / 20%

Revenue estimates for Valheim use the Boxleiter method with a broad range from x20 to x60. For the best estimate we use a calibrated midpoint of x29 and a calibrated average sale price of $13 instead of a flat 30x/0.75 model. Factors like age, price tier, discount history, genre, and review profile all affect the true reviews-to-sales ratio.

Platform Comparison

Hypothetical: What would the developer earn at the same gross revenue?

Steam

Gross revenue baseline: $182,492,201

To developer

$142,993,761

To developer: 78.4%

$142,993,761

Platform fee: 21.6%

$39,498,440

Epic Games Store

Gross revenue baseline: $182,492,201

To developer

$160,713,137

To developer: 88.1%

$160,713,137

Platform fee: 11.9%

$21,779,064

Epic: 0% on the first $1M in annual per-app revenue, then 12%. Effective here: 11.9%.

GOG

Gross revenue baseline: $182,492,201

To developer

$127,744,541

To developer: 70.0%

$127,744,541

Platform fee: 30.0%

$54,747,660

* Actual sales on Epic and GOG are not estimated. Steam's larger user base typically drives substantially higher sales volumes.

Genre Market Position

Top 1% by revenue in Action
1%

Top 1% of Action games

by estimated revenue

0%◆ Median100%

2,141

Top Games Tracked

$6M

Median (tracked top games)

$20.8M

Mean (tracked top games)

Valheim ranks in the top 1% of 2141 tracked action top-sellers, with estimated revenue 30× this group's median.

Baseline: HelpfulCalculator's curated set of top-grossing Steam games, not the entire Steam catalog. Niche genres may have small samples.

Playtime & Engagement

75.6h avg28.9h median

75.6h

Average Playtime

28.9h

Median Playtime

11.5h

Recent Activity (2 Weeks)

A median playtime of 28.9h and average of 75.6h suggest a dedicated core community playing this action game well beyond the typical player.

Current Activity15% still active

Game Details

Dataset updated: April 18, 2026

DeveloperIron Gate AB
PublisherCoffee Stain Publishing
Release DateFebruary 1, 2021
Years on Market5 years
Current Price$19.99
Calibrated Avg. Selling Price$12.59
GenreAction
Peak Players14,439
SteamSpy Owners10,000,000 .. 20,000,000
SteamView on Store

Features

Single-playerMulti-playerCo-opOnline Co-opFull controller supportCamera ComfortCustom Volume ControlsAdjustable DifficultySave AnytimeStereo SoundSteam CloudRemote Play on TabletFamily Sharing

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Frequently Asked Questions

How much has Valheim earned on Steam?

Based on our analysis using the Boxleiter method, we estimate Valheim's total gross revenue on Steam at approximately $182,492,201.

This estimate comes with a confidence range:

  • Conservative estimate (x20): $125,856,690
  • Calibrated midpoint (x29): $182,492,201
  • Optimistic estimate (x60): $377,570,071

The actual revenue may vary due to regional pricing, seasonal discounts, and refund rates.

How many copies has Valheim sold on Steam?

With 499,828 Steam reviews and a 94% positive rating, we estimate Valheim has sold between 9,996,560 and 29,989,680 copies, with a best estimate of 14,495,012.

This is based on the Boxleiter method, which uses the observation that roughly 1 in every 20 to 60 buyers leaves a Steam review. For the midpoint we do not assume a universal 30x value; we use a calibrated multiplier of x29 that adjusts for the title's age, price tier, genre, and review profile.

How much does Iron Gate AB earn from Valheim?

After Steam's tiered platform fee of effectively 21.6%, Iron Gate AB keeps an estimated $142,993,761 from Valheim's gross revenue of $182,492,201.

Here's the breakdown:

  • Gross Revenue: $182,492,201
  • Steam's Fee (21.6%): -$39,498,440
  • Developer Revenue: $142,993,761

Note: This doesn't account for publisher shares, taxes, or development costs.

What percentage does Steam take from Valheim?

Steam uses a tiered revenue sharing model that reduces the platform's cut as a game earns more:

  • First $10 million: 30% to Steam, 70% to developer
  • $10M to $50M: 25% to Steam, 75% to developer
  • Above $50M: 20% to Steam, 80% to developer

For Valheim, with an estimated gross revenue of $182,492,201, this results in an effective rate of 21.6%. Steam keeps approximately $39,498,440 and Iron Gate AB receives $142,993,761.

How accurate are these revenue estimates for Valheim?

These estimates use the Boxleiter method, a widely-used industry approach that estimates game sales from the number of Steam reviews.

Factors that affect accuracy:

  • Review-to-purchase ratio varies by genre
  • Discount history - games with frequent deep sales may have higher ratios
  • Regional pricing - different prices in different markets are not captured
  • Refunds - Steam's return policy means some counted sales were refunded
  • Bundled sales - keys sold through third-party bundles may not generate reviews

We provide a confidence range ($125,856,690 to $377,570,071) to reflect this uncertainty. For the best estimate we combine the Boxleiter range with a calibrated midpoint (x29) and a calibrated ASP of $13.

What would Valheim earn on Epic Games Store instead?

If Valheim generated the same gross revenue on the Epic Games Store, Iron Gate AB would keep approximately $160,713,137 - that's $17,719,376 more than on Steam.

At this revenue level, Epic's concrete platform fee would be $21,779,064. Epic charges 0% on the first $1 million in annual per-app revenue and then 12% on the remaining amount. On GOG (30% cut), the developer would earn approximately $127,744,541.

Note: This is a hypothetical comparison. Actual sales volumes differ significantly between platforms, and Steam's larger user base typically drives substantially higher sales.

How long do players spend in Valheim?

According to SteamSpy data, players spend an average of 75.6 hours in Valheim, with a median playtime of 28.9 hours. The large gap between average and median suggests a dedicated core community playing well beyond the typical player.