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Small Studio Earns $100K Through DevEx: A Revenue Breakdown

Case Study
March 6, 2026
10 min
RoLearn Research
DevEx
Revenue
Small Studio
Case Study

Earning $100,000 on Roblox sounds like a headline reserved for large studios with massive teams. But a growing number of small, disciplined studios are reaching this milestone — not through viral hits, but through consistent execution and smart monetization over time. This case study provides a transparent, month-by-month revenue breakdown of how a three-person Roblox studio earned $100,000 in DevEx withdrawals over 18 months. No venture capital, no publisher deals, no luck-dependent viral moments — just a systematic approach to building, monetizing, and growing a portfolio of games on the platform.

The Studio: Three People, Two Games

The studio consisted of three people: a lead scripter/designer, a 3D artist/builder, and a part-time UI designer who also handled community management. None of them worked full-time on Roblox at the start — the lead scripter had a day job, the artist was a university student, and the UI designer freelanced. They operated out of a shared Discord server with no office, no formal business entity, and no external funding.

Their portfolio consisted of two games: a tycoon game launched in Month 1, and an obby game added in Month 7. Neither was a breakout hit. Both were competent entries in competitive genres that earned their revenue through volume and optimization rather than virality.

Monthly Revenue Timeline

The following table shows the studio's combined Robux earnings by month, the approximate USD equivalent at the DevEx rate ($0.0035 per Robux), and the key events that drove growth or decline.

MonthRobux EarnedUSD EquivalentKey Event
1143,000$500Tycoon game launch
2200,000$700First gamepass optimization
3286,000$1,000Daily rewards added, retention improves
4429,000$1,500First content update drives CCU spike
5571,000$2,000Monetization ladder expanded
6857,000$3,000Micro-creator campaign (3 videos)
71,143,000$4,000Obby game launched, portfolio effect
81,429,000$5,000Cross-promotion between games
91,714,000$6,000Tycoon rebrand + major content update
102,286,000$8,000Obby hits algorithmic discovery
112,571,000$9,000Holiday event across both games
122,857,000$10,000Sustained growth, both games stable
133,143,000$11,000Developer products added to tycoon
143,429,000$12,000Second creator campaign (5 videos)
153,143,000$11,000Slight dip — seasonal lull
162,857,000$10,000Competitor launch impacts tycoon
173,143,000$11,000Recovery via obby content update
183,429,000$12,000Peak month — both games performing

Total Robux earned: 33,630,000. Total USD via DevEx: approximately $117,700 gross. After Roblox's platform fees and DevEx processing, the net amount received was approximately $100,000.

Revenue Sources Breakdown

Understanding where revenue came from is as important as understanding how much. The studio tracked revenue by source across both games:

Revenue SourcePercentageDescription
Gamepasses55%One-time purchases: VIP, speed boosts, cosmetic packs, expanded inventory
Developer Products30%Repeatable purchases: coin packs, skip-stage tokens, revival tokens
Creator Rewards15%Roblox's engagement-based payout for qualifying games

The 55/30/15 split is notable. Gamepasses provided the foundation — reliable, predictable revenue from each new player who converted. Developer products added a recurring revenue layer that grew as the player base expanded. Creator Rewards — Roblox's program that pays developers based on engagement time from Premium subscribers — provided a steady bonus that required no additional work beyond keeping players engaged.

Use the Revenue Simulator to model how different revenue source distributions affect your game's total earnings at various CCU levels.

Cost Structure: Where the Money Went

Earning $100K gross does not mean keeping $100K. The studio's cost structure over the 18-month period:

Expense CategoryTotal CostDetails
Contract work$20,000Additional scripting help during major updates, sound design, QA testing
Assets and plugins$5,000Toolbox models, Blender assets, Studio plugins, sound effects libraries
Marketing$3,000Two creator marketing campaigns (8 videos total)
Software and tools$1,200Discord Nitro (for community), analytics tools, design software subscriptions
Taxes$18,000Self-employment tax on DevEx income (varies by jurisdiction)
Total expenses$47,200

Net profit after all expenses: approximately $52,800 — split three ways, roughly $17,600 per person over 18 months. Not life-changing money, but meaningful supplemental income — and the trajectory was upward. By Month 18, the studio was earning at a rate that, if sustained, would yield over $140,000 per year.

Small studios are the backbone of the Roblox economy. Roblox does not run on the top 100 games alone — it runs on thousands of small teams earning $5,000 to $20,000 per month, reinvesting in their games, and steadily growing. The $100K milestone is not about getting rich. It is about proving that a sustainable business is possible.

The DevEx Process: What Nobody Tells You

The Developer Exchange (DevEx) program is the pipeline through which Roblox developers convert Robux into real currency. The studio's experience with the process revealed several practical considerations that are rarely discussed publicly:

  • Eligibility threshold: You need a minimum of 30,000 Robux earned (not purchased) to submit a DevEx request. The studio hit this threshold in Month 1 but waited until Month 3 to make their first withdrawal, allowing the balance to accumulate for a more meaningful payout.
  • Processing time: DevEx requests typically took 10-21 business days to process. The studio submitted requests quarterly to minimize the administrative overhead.
  • Tax documentation: Roblox requires a W-9 (US) or W-8BEN (international) tax form. The studio's lead developer, based in the US, had to report DevEx income as self-employment income, which carries a higher tax rate than standard employment. They strongly recommend consulting a tax professional before your first DevEx withdrawal.
  • Exchange rate: The DevEx rate of $0.0035 per Robux means you keep roughly 24.5% of what players spend in your game after Roblox's marketplace fee and the DevEx conversion. Every 100 Robux spent by a player translates to approximately $0.245 in your pocket.

The Portfolio Strategy

One of the studio's smartest decisions was launching a second game in Month 7. A single game creates concentration risk — one bad update, one algorithm change, or one strong competitor can cut your revenue in half overnight. Two games provided diversification and a cross-promotion channel.

The cross-promotion mechanics were simple but effective. Each game featured a teleporter to the other game, with a small Robux bonus for players who visited both. This created a flywheel: players who discovered the tycoon organically were funneled to the obby, and vice versa. The cross-promotion alone drove an estimated 15% of new player acquisition for each game after Month 8.

The portfolio approach also smoothed revenue volatility. When the tycoon's CCU dipped in Month 16 due to a competitor launch, the obby's strong performance meant total studio revenue only dropped 10% rather than the 30%+ the tycoon experienced in isolation.

What Would They Do Differently?

In retrospect, the studio identified three things they would change:

  1. Launch the second game sooner. The portfolio effect was so powerful that waiting until Month 7 cost them several months of compounding cross-promotion. They recommend launching a second game within 3-4 months of your first, once you have a stable base.
  2. Invest in developer products earlier. The 30% of revenue from developer products came almost entirely from Months 13-18. Adding repeatable purchases from launch would have significantly increased lifetime revenue per player.
  3. Hire a community manager earlier. The part-time UI designer handled community management as a secondary responsibility, which meant Discord engagement was inconsistent. A dedicated community presence would have improved retention and reduced churn during content droughts.

Key Lessons for Small Studios

This studio's journey reinforces several principles for developers aiming to build sustainable revenue on Roblox:

  1. Consistency beats virality. Neither of the studio's games went viral. Both grew steadily through regular updates, incremental optimization, and compounding algorithmic discovery. The $100K came from 18 months of disciplined execution, not one lucky break.
  2. Diversify revenue sources. Relying solely on gamepasses leaves money on the table. Developer products provide recurring revenue, and Creator Rewards add a passive income layer. Build all three from the start.
  3. Diversify your game portfolio. A single game is a single point of failure. Two games with cross-promotion create a more resilient business and a compounding growth engine.
  4. Plan for taxes from day one. DevEx income is taxable. A $100K gross becomes $52K net after expenses and taxes. Set aside 20-30% of every DevEx withdrawal for tax obligations.
  5. Track everything. The studio's discipline around tracking revenue by source, costs by category, and metrics by feature allowed them to make informed decisions at every stage. Data-driven development is not optional at this scale.

If you are building toward your first DevEx milestone, start by modeling your revenue potential with the Revenue Simulator. Understand what CCU and conversion rates you need to hit your targets, then work backward to the features and marketing investments required to get there. For plan comparison and advanced analytics tools, visit our Pricing page to find the right tier for your studio's growth stage.