Updated Mar 17, 2026 by 11 bit studios
11 bit studios achieved record financial performance in 2020 with 87.1 million PLN in revenue and a 57.5% year-over-year increase in net profit to 37.36 million PLN.
The company maintains a debt-free balance sheet with 107.7 million PLN in liquid assets, enabling full self-financing for its current development and publishing pipeline.
Core franchises *Frostpunk* and *This War of Mine* remain the primary revenue drivers, while the publishing division grew to account for 29% of total annual revenue.
Strategic operations are scaling toward larger-scale productions, evidenced by the development of three major proprietary projects (Project 8, Dolly, and Eleanor) and a transition to Unreal Engine.
The company utilized IP Box tax relief to achieve an effective tax rate of 8.09%, resulting in a high net profit margin of 42.9%.
The United States remains the dominant market, representing 77% of total sales, while the company manages risks related to foreign exchange volatility and competition for specialized labor.
A new 2021–2025 incentive program has been established for leadership and staff, tied to a cumulative revenue target of 656 million PLN.
11 bit studios achieved record financial performance in 2020 with 87.1 million PLN in revenue and a 57.5% year-over-year increase in net profit to 37.36 million PLN.
The company maintains a debt-free balance sheet with 107.7 million PLN in liquid assets, enabling full self-financing for its current development and publishing pipeline.
Core franchises *Frostpunk* and *This War of Mine* remain the primary revenue drivers, while the publishing division grew to account for 29% of total annual revenue.
Strategic operations are scaling toward larger-scale productions, evidenced by the development of three major proprietary projects (Project 8, Dolly, and Eleanor) and a transition to Unreal Engine.
The company utilized IP Box tax relief to achieve an effective tax rate of 8.09%, resulting in a high net profit margin of 42.9%.
The United States remains the dominant market, representing 77% of total sales, while the company manages risks related to foreign exchange volatility and competition for specialized labor.
A new 2021–2025 incentive program has been established for leadership and staff, tied to a cumulative revenue target of 656 million PLN.