IPO Filing

Oura Inc., the San Francisco‑based health intelligence platform behind the Oura Ring, has filed a registration statement on Form S‑1 with the U.S. Securities and Exchange Commission to pursue an initial public offering of its common stock. The company intends to list on the Nasdaq Global Select Market under the ticker symbol “OURA”. The prospectus does not disclose the number of shares to be offered or the price range. Goldman Sachs, Morgan Stanley, J.P. Morgan, Allen & Company and Jefferies are acting as joint lead book‑running managers, with BofA Securities, Barclays and Wells Fargo Securities also serving as joint book‑running managers in a broad underwriting syndicate.

Financial Performance (Nine months ended 30 June 2026)

Total revenue reached $1.21 billion, representing a 74 % increase over the comparable period a year earlier when revenue was $697.6 million. Hardware sales generated $973.98 million of revenue, while subscription‑based Membership revenue rose to $240.53 million, more than doubling the prior‑year amount. Net income for the period was $60.77 million, up from $1.57 million in the same period last year. Adjusted EBITDA amounted to $106.65 million, reflecting operating leverage.

Operational Metrics

The installed base of paid members grew to 5.0 million as of 30 June 2026, double the 2.5 million members recorded a year earlier. Correspondingly, hardware shipments accelerated to 3.1 million Oura Rings during the nine‑month period, compared with 1.8 million rings shipped in the prior year.

Use of Proceeds

Proceeds from the offering are earmarked for general corporate purposes, including technology development, working capital, operating expenses and capital expenditures. A portion of the net proceeds will be used to satisfy tax‑withholding and remittance obligations related to the settlement of restricted stock units.

Corporate Reorganization

Ahead of the filing, Oura completed a structural reorganization on 31 March 2026, redomiciling its parent entity from Finland to Delaware, now operating as Oura Inc.