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Wardogs has reportedly passed $100 million in gross Steam revenue, but that is an analyst estimate—not a revenue figure disclosed by developer Bulkhead. Alinea Analytics estimated $86.9 million in Steam revenue for September 2026; GamesRadar+ reports that the estimate, including pre-orders and related revenue, put the game above $100 million gross and at 3.2 million copies sold. In Alinea’s cited launch-aligned comparison, Arc Raiders and Helldivers 2 were still ahead.
How much has Wardogs made on Steam?
GamesRadar+ reported that Wardogs had crossed $100 million in gross Steam revenue, citing analyst estimates that include pre-orders and related revenue. The same report put sales at 3.2 million copies. These are not figures announced in a financial statement by Bulkhead.
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The underlying September estimate from Alinea Analytics, reported by analyst Rhys Elliott, was $86.9 million in Steam revenue for that month. The September figure and the reported total above $100 million refer to different calculations: one is a monthly estimate, while the other includes pre-orders and related revenue. GamesRadar+’s report attributes the larger gross figure to the analyst data.
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The numbers describe different measures and time windows, so they should not be treated as interchangeable:
#1 Best Overall
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| Figure | What it measures | Source and qualification |
|---|---|---|
| 2.2 million copies; $70 million | Estimated Steam copies sold and revenue in Wardogs’ first week of Early Access | Alinea Analytics estimate, 2026; reported in its launch analysis |
| $86.9 million | Estimated Wardogs Steam revenue for September 2026 | Alinea Analytics estimate, 2026; relayed in the PC Gamer report |
| More than $100 million; 3.2 million copies | Reported gross Steam revenue including pre-orders and related revenue, and reported copies sold | GamesRadar+ report of analyst statistics, 2026; not a Bulkhead revenue disclosure |
| 3 million copies | Official unit-sales milestone | Bulkhead said it had passed this milestone just over two weeks after Early Access launch; its September 26, 2026 Steam announcement does not state revenue |
Bulkhead’s 3-million-copy announcement is an official sales milestone, but it neither verifies nor contradicts the analyst revenue estimates: copies sold and gross revenue are different measures, and the announcement does not give a revenue total.
Did Wardogs beat Arc Raiders and Helldivers 2?
Not in Alinea Analytics’ cited launch-aligned revenue comparison. Elliott wrote: “By this point, Helldivers 2 had made $130M (26.5% more than Wardogs) on Steam, while Arc Raiders had made about $125M (21.2% more).” Those are analyst estimates for the comparison window he describes, not audited figures or all-platform lifetime totals. In that comparison, both games were ahead of Wardogs’ reported September revenue estimate.
Rank #2
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That result does not erase Wardogs’ strong opening. Alinea’s first-week analysis estimated 2.2 million copies and $70 million in Steam revenue, and said Wardogs initially tracked ahead of the comparison games on Steam. A faster early pace and a larger revenue figure over a later aligned window are separate claims; the early lead did not mean Wardogs had overtaken their later totals.
What the figures do—and do not—say about the game
Alinea describes Wardogs as a 100-player PvP tactical shooter split among three factions. Its launch coverage also discusses queues and server-access complaints. Those reports provide context about the launch experience, but they do not establish that the game’s design caused negative reviews.
Rank #3
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The comparisons here are limited to Steam estimates and the specific periods named by Alinea. They do not establish Wardogs’ revenue across every platform or provide a definitive all-time ranking. For Wardogs, the reported $100-million-plus total remains an analyst estimate relayed by GamesRadar+, while Bulkhead’s separate public milestone is expressed in copies sold.
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Rank #4
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