Business & Finance

Oura files for initial public offering

The smart ring maker reports $1.2 billion in revenue over nine months alongside approximately 5 million paid subscribers.

Updated Sep 3, 2026 · 23:18 UTC1 reports

The short version

Smart ring manufacturer Oura has submitted a public registration filing with the U.S. Securities and Exchange Commission.
The regulatory filing revealed that the company reached $1.2 billion in revenue for the nine-month period ending June 30.
Oura is concurrently contesting a proposed class-action lawsuit challenging the validity of its biometric sleep-tracking claims.

Oura filed for an initial public offering with the U.S. Securities and Exchange Commission following a confidential filing in May.[TechCrunch]
The company reported $1.2 billion in revenue for the nine-month period ending June 30, up from $697 million during the same period in the prior year.[TechCrunch]
Oura reported selling 3.6 million rings over the past year and counts about 5 million paid members with an 85% 12-month retention rate.[TechCrunch]
A proposed class-action lawsuit alleges Oura misleads consumers regarding the accuracy of its sleep-tracking capabilities, which the company denies.[TechCrunch]

The final valuation and fundraising total of the IPO remain unconfirmed, though previous media reports indicated targets of a $16 billion valuation and $3 billion in raised capital.[TechCrunch]
The outcome of the proposed class-action lawsuit concerning sleep-tracking accuracy is pending.[TechCrunch]