Oura files for public offering

Oura, a San Francisco health-technology company, filed its S-1 in early September, signalling plans to go public on the Nasdaq.

The timing beats AI rivals

OpenAI has pushed its IPO to twenty twenty-seven, while Anthropic is reportedly delaying to November. Oura is now the most consequential imminent tech IPO.

Revenue surged in nine months

Oura's revenue for the nine months ending June thirtieth was over one point two billion dollars, up from six hundred ninety-seven point six million in the same period last year.

Profits jumped dramatically

Net income leapt from one point six million dollars in twenty twenty-five to sixty point eight million dollars in twenty twenty-six over the same nine-month period.

Subscriber base growing fast

Oura ended fiscal twenty twenty-six with five point seven million paid members, up ninety-six percent year-over-year. Hardware accounts for eighty percent of revenue.

Founded in Finland, backed by major funds

Oura was founded in twenty thirteen by Kari Kivelä, Markku Koskela, and Petteri Lahtela. Backers seeking returns include Fidelity, Dragoneer, Iconiq Capital, and Forerunner Ventures.

CEO touts AI data advantage

CEO Tom Hale said Oura's AI strategy will be a big competitive moat. The company holds forty-two billion hours of health data across a huge population.

“AI and our particular take on it is going to be a pretty big moat. The data is actually the scarce resource here.”

IPO priced between forty and forty-four dollars

Oura plans to raise up to two point two billion dollars through an offering of fifty million shares priced between forty and forty-four dollars per share on the Nasdaq.