Oura files for US IPO after revenue surges to $1.21 billion

September 4, 2026 at 01:14 AM2 min

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Oura Inc. filed for a US initial public offering on Thursday, disclosing revenue of $1.21 billion for the nine months ended June 30. The smart ring maker posted a net loss of $924.3 million over the same period, up from $182.8 million a year earlier. The filing comes as Oura has sold more than 3.6 million rings in the past year.

Key Facts

Oura's net loss attributable to stockholders reached $924.3 million on revenue of $1.21 billion for the nine months ended June 30.
The company has sold more than 3.6 million smart rings in the last year.
Goldman Sachs, Morgan Stanley, JPMorgan Chase, Allen & Co. and Jefferies Financial Group are leading the offering.
Oura's shares are expected to trade on the Nasdaq Global Select Market under the symbol OURA.

Financial Performance

Oura's revenue rose to $1.21 billion for the nine months ended June 30, up from $697.6 million in the same period a year earlier. Net loss attributable to stockholders widened to $924.3 million from $182.8 million a year earlier. The losses include the effect of a deemed dividend to certain holders of redeemable convertible preferred stock, the filing shows.

IPO Details

Oura filed confidentially in May for an IPO, and a listing could raise as much as $3 billion for the company and some of its backers, valuing it at more than $16 billion. The company's shares are expected to trade on the Nasdaq Global Select Market under the symbol OURA. Goldman Sachs Group Inc., Morgan Stanley, JPMorgan Chase & Co., Allen & Co. and Jefferies Financial Group Inc. are leading the offering.

Company Background

Oura was founded in 2013 and has offices in Oulu, Finland, Helsinki, San Francisco, San Diego and Los Angeles. The company offers Oura Membership, a service that lets users track more than 50 health metrics and get personalized insights into sleep, activity and stress. Oura announced Wednesday it had expanded its board of directors, tapping veterans from Netflix Inc. and Robinhood Markets Inc.