From Pymnts · PYMNTS · · 1m 20s
Oura's AI Health IPO Targets Nasdaq
Oura's AI-powered health ring prepares for Nasdaq IPO with 5.7 million members.
In brief
Oura's AI-powered health ring prepares for Nasdaq IPO with 5.7 million members. Oura's AI health ring is going public with 5.7 million members and a $15.62 billion valuation. Originally reported by Pymnts.
Oura's IPO Prepares for Nasdaq
Oura is preparing to launch an initial public offering on Nasdaq next week with a pitch that reaches past the smart ring it is known for.
AI Health Model Launched
Oura launched its first proprietary AI model in February, letting its Oura Advisor chatbot answer questions about women’s health from early menstrual cycles through pregnancy and menopause.
Membership Revenue Growth
Oura grew revenue 74% to $1.21 billion in the nine months ended june 30, with membership revenue rising 121% to $240.5 million.
5.7 Million Paid Members
The company expects to end fiscal 2026 with about 5.7 million paid members, up 96% from a year earlier.
Hardware vs Data Model
Hardware sells once. The data stream renews every night, with an 89% gross margin on subscription revenue.
Eli Lilly Interest
Eli Lilly has indicated interest in buying up to $100 million of the offering, according to Reuters.
AI Health Model Details
The model runs on Oura-controlled infrastructure and conversations are not shared or sold, with no diagnosis or prescription capability.
The short version
Oura's AI health ring is going public with 5.7 million members and a $15.62 billion valuation.
