Oura takes step toward IPO with S-1 filing, revealing $1.4 billion in revenue

Oura just got one step closer to becoming a public company.

The smart-ring maker filed its S-1 paperwork on Thursday, a required step on the road to an initial public offering.

The filing said Oura pulled in $1.4 billion in revenue and $59 million in net income in the one-year period that ended in June.

The company said revenue had grown 74% year-over-year, comparing the first three quarters of fiscal year 2026 to the same period in 2025.

Oura also said in the filing that it has “a history of operating losses” and has “only recently achieved profitability,” adding “there can be no assurance that we will maintain profitability in any future period.” The company, which plans to list on the Nasdaq under the ticker OURA, had 5 million paid members as of June, the filing said.