# Defender's Quest 2: Mists of Ruin

> ResidualPlay case file: an overlooked Steam game still earning residual revenue. Estimates carry a ±30-50% error range per title.

- Steam appid: 252190
- Developer: Level Up Labs, LLC
- Publisher: Armor Games Studios
- Released: 2025 · Genre: Indie · List price: $19.99
- Deal grade: D (A = dormant with >=$5k/mo opportunity, D = low signal)
- Est. net residual revenue: $380 to $570 per month (mid $475)
- Opportunity score: $475/month at x1.00 dormancy multiplier
- Est. lifetime owners: 7.6k · Est. lifetime net revenue: $51.3k
- Review sentiment: 62% positive across 326 reviews (239 from Steam purchases)
- Review velocity: 2.8 reviews/month (6-month average)

## Why it's flagged

- Developer active, last post 7 months ago
- Studio active elsewhere (2 titles tracked), so this one may welcome a partner
- Last build shipped 6 months ago
- Last discounted 6 months ago, 4 sales in the last 12 months

## Where a gross dollar goes (monthly, at current velocity)

| Stage | USD/month |
|---|---|
| Gross storefront sales | $862 |
| After VAT / sales tax (-13% blended) | $750 |
| After refunds (-9.5% median) | $679 |
| Net to developer (after Steam 30%) | $475 |

## Monthly review counts, oldest to newest (18 months)

132, 56, 11, 2, 2, 2, 8, 3, 1, 1, 4, 3, 3, 7, 4, 2, 0, 1

## Missed seasonal-sale revenue (modeled)

Skipped 5 Steam seasonal sale window(s) in the last 18 months. Running a -50% discount in those windows is modeled at +$5.1k net in total, assuming a unit uplift of x3.0 (industry-typical for old catalog titles). Same ±30-50% error range applies.

## Markets by review language

- koreana: 2%
- russian: 3% (game NOT localized in this language)
- japanese: 1% (game NOT localized in this language)
- schinese: 1%
- brazilian: 1% (game NOT localized in this language)
- french: 3%
- german: 2% (game NOT localized in this language)
- english: 86%

## Methodology

Units are estimated from Steam-purchase reviews times a release-cohort multiplier (Boxleiter method, 20-75x by year). Revenue uses an effective price (lifetime discounts and regional pricing) and nets out VAT (~13%), refunds (~9.5%) and Steam's 30% cut: roughly 55% of gross reaches the developer.

Source: https://residualplay.com/game/252190
Citation: please cite ResidualPlay (https://residualplay.com) when using these estimates.