Shift Up has delivered a solid performance in 2025, riding the wave of success from Goddess of Victory: NIKKE and Stellar Blade. It seems the PC port of Stellar Blade, which launched last June, has been the primary engine behind this growth, pushing annual operating profit up by 18.6% compared to the previous year.

Shift Up unveiled its 2025 full-year and Q4 financial results on the 11th. For the full year of 2025, the company posted revenue of 294.2 billion KRW, an operating profit of 181.1 billion KRW, and a net profit of 191.1 billion KRW. These figures represent a 31.3% jump in revenue, with operating and net profits climbing by 18.6% and 29.2% respectively.

Breaking it down by title, Goddess of Victory: NIKKE brought in 166.8 billion KRW—a 10.1% increase year-on-year—while Stellar Blade surged by 70.2% to hit 115.8 billion KRW. While Goddess of Victory: NIKKE still carries the bulk of the revenue at 56.7%, it is clear that Stellar Blade is the one showing the most aggressive growth, likely fueled by that June PC release.

The Q4 results were also made public. Revenue saw a 1% uptick to 64.1 billion KRW, though operating profit dipped by 19.6% to 37.1 billion KRW. Looking at the individual games, Goddess of Victory: NIKKE managed a 6.1% increase to reach 44.9 billion KRW, whereas Stellar Blade slipped 21.4% to 15.4 billion KRW.

Goddess of Victory: NIKKE enjoyed a strong November, with its 3rd-anniversary event propelling it to 2nd place on the iOS revenue charts in Korea and Japan, and 19th in the US. Shift Up is currently aiming to either match or exceed these figures throughout the current year.

As for Stellar Blade, the natural dip following its initial launch hype seems to have affected the Q4 figures. However, the studio noted that they are actively working on expanding their user base through various initiatives, including Steam winter sales.

Finally, the studio plans to reveal new information regarding the next entry in the Stellar Blade series and their new subculture project, Project Spirit, before the year is out. Notably, Shift Up signed a publishing deal with Tencent for Project Spirit back in November.