Smart ring maker Oura files for IPO as revenue jumps 74%
Smart ring maker Oura Inc. filed a registration statement with the U.S. Securities and Exchange Commission today for a proposed initial public offering on the Nasdaq Global Select Market under the ticker symbol “OURA.” Oura filed confidentially for the listing in May. The share count and price range remain unset, and Bloomberg reported in August […] The post Smart ring maker Oura files for IPO as…
Oura Inc., the maker of smart rings, has filed for an IPO on the Nasdaq Global Select Market, aiming to raise up to $3 billion. The company's revenue surged 74% to $1.21 billion over the nine months ending June 30, with net income reaching $60.8 million. Membership revenue, up 121% year-over-year, amounted to $240.5 million, while ring sales contributed $974 million from 3.1 million units sold.
The fiscal year 2025 saw revenue double to $907.9 million, with net income at $12,000. Battery defects led to $84.4 million in warranty expenses. The IPO, led by Goldman Sachs, marks Oura's move from Finland to San Francisco, where it now serves 5 million paid members with an 85% retention rate. The Oura Ring 5, priced at $399, was launched in May.
Despite a proposed class action over the accuracy of sleep tracking claims, the company's extensive biometric data, covering 42 billion hours of readings across 50 metrics, positions it as a standout player in the health tech space.
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