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Oura Files Public S-1 for IPO as Revenue Eyes $2 Billion Benchmark.

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Oura Files S-1 for US IPO After Reaching $1 Billion in Revenue and 5 Million Subscribers Smart ring pioneer Oura has officially filed its Form S-1 with the U.S. Securities and Exchange Commission (SEC), paving the way for an initial public offering (IPO) on Wall Street. The public registration follows a confidential filing submitted by the health technology firm in May. Explosive Financial Scaling and Subscriber Retention The S-1 documentation reveals rapid operational expansion and strong unit economics driven by hardware sales and high-margin recurring subscriptions: Top-Line Revenue Surge: Oura generated nearly $1 billion in total revenue for calendar year 2025 and projects top-line revenue to reach $2 billion in the current fiscal year. Hardware and Subscriber Scale: The company shipped 3.6 million smart rings over the past year, expanding its active paid subscription base to approximately 5 million users . High Retention Metrics: Oura reported a subscription retention rate...

Oura Eyes Wall Street Debut as Subscription Revenues Hit $1 Billion.

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Smart Ring Pioneer Oura Files Confidentially for U.S. IPO Following Explosive Subscription Growth In a landmark move for the health-tech ecosystem, Oura , the definitive market leader in the smart ring sector, has officially submitted a confidential draft registration statement to the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). Because the filing is under confidential status, specific details regarding the volume of shares to be offered and the definitive trading timeline remain unreleased to the public. Surging Metrics and Financial Viability The IPO filing arrives on the heels of staggering operational expansion. Oura now boasts over 5 million active paying premium subscribers who utilize the ring's advanced health tracking metrics a massive milestone representing a fourfold increase over the last two years. The company confirmed that its revenue trajectory has scaled in tandem with this exponential subscription growth over the same 24-mo...