Did you jump into Wardogs when it hit early access last month? You're not alone — the multiplayer shooter has already pulled in over $100 million on Steam, according to analyst stats.
The game from developer Bulkhead launched publicly on September 10 and immediately exploded, attracting hundreds of thousands of players within hours. In a breakdown of September, Rhys Elliott, head of market analysis at Alinea Analytics, reported that Wardogs generated $86.9 million in revenue for the rest of the month. Add in pre-orders and other early sales, and the gross total has now crossed $100 million on Steam, with 3.2 million copies sold.
That's a massive start for a new IP, especially one still in early access. Elliott noted that Wardogs alone accounts for about a third of all new-2026-IP revenue on Steam for September. It's also still pulling in around 250,000 players per day, which is a healthy sign for a game that's still being built out.
But here's the catch: Wardogs couldn't quite match two other Steam heavyweights. Arc Raiders brought in $125 million during a similar window, while Helldivers 2 did $130 million. Both are similarly sized projects that also lit up Steam and the wider industry, so Wardogs is in good company — just not at the very top of the pile.
Still, context matters. Wardogs is in early access and already has a solid foundation to build on, as Elliott pointed out. Bulkhead has been candid about keeping up with demand in the coming weeks, which is a good problem to have. The game clearly has momentum, and with a steady player base, it has room to grow.
Meanwhile, Steam itself is on track to earn a record $20 billion this year, thanks to games like The Witcher 3 Remastered and Wardogs, according to the analyst. So even if Wardogs isn't the biggest fish in the pond, it's swimming in very profitable waters.
What do you think — is Wardogs worth diving into now, or will you wait until it leaves early access? Let us know in the comments.
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