Oura files to go public
Smart ring manufacturer Oura has filed for an IPO, reporting significant revenue growth to $1.2 billion and a user base of 5 million paid members. The company aims to expand its health intelligence platform beyond basic fitness tracking.
Why it matters
Oura's public offering signals the continued maturation and commercial success of the wearable health technology market.
Oura, the smart ring maker, has filed to go public.
The filing with the Securities and Exchange Commission on Thursday shows that Oura’s revenue has jumped substantially in the past year. The company went from $697 million in revenue during the nine-month period that ended June 30 last year to $1.2 billion during the corresponding period this year.
The company has said previously said publicly that it generated $500 million in revenue in 2024, roughly $1 billion in 2025, and that it expected to generate close to $2 billion in revenue this year.
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