# Oura Files for IPO With $1.2B Revenue and Big AI Ambitions

> Smart ring maker Oura is heading to Wall Street with soaring subscription revenue, a potential $16B valuation, and plans to expand into healthcare.
- Title: Oura Files for IPO With $1.2B Revenue and Big AI Ambitions
- Summary: Smart ring maker Oura is heading to Wall Street with soaring subscription revenue, a potential $16B valuation, and plans to expand into healthcare. Oura's…
- Keywords: oura, ipo, wearables, healthtech, technology, startups, Files, Revenue, Big, Ambitions, TechCrunch
- Source: TechCrunch — https://techcrunch.com/2026/09/03/oura-files-to-go-public
- Author: Lucas Ropek
- Published: 2026-09-03T22:35:41+00:00
- Read time: 1 min
- Topics: oura, ipo, wearables, healthtech, ai, technology, startups
## Oura files for public offering
Smart ring maker Oura has officially filed with the SEC to go public after revenue reached $1.2 billion for the nine-month period ending June 30. The company expects revenue to near $2 billion this year.

> The company went from $697 million in revenue during the nine-month period that ended June 30 last year to $1.2 billion during the corresponding period this year.
## Subscriptions power massive growth
Oura sold 3.6 million rings over the past year and boasts roughly 5 million paid subscribers. Its subscription service maintains an impressive 85% annual retention rate among members.
## Targeting a $16 billion valuation
Reports indicate Oura is seeking to raise $3 billion in its initial public offering at a valuation around $16 billion, up significantly from its $11 billion valuation late last year.
## Expanding beyond consumer fitness
Oura aims to extend its reach past consumer fitness tracking into clinical care, health plans, and enterprise wellness programs, marketing its hardware as an always-on health platform.

> We believe our platform can support significantly larger populations as we continue to expand access, build clinical evidence, and deepen integrations...
## Huge biometric dataset powers AI
With nearly 42 billion hours of physiological data collected across 50 metrics, Oura leverages its massive dataset to train machine-learning models that decode health patterns for personalized insights.
## Legal scrutiny surrounds sleep metrics
Amid its IPO push, Oura faces a proposed class action lawsuit alleging its sleep-stage tracking is inaccurate and relies on estimates no better than a coin flip. Oura denies the allegations.
## Key takeaway

Oura's public filing highlights how wearable hardware coupled with recurring biometric subscriptions is evolving into a multi-billion-dollar health platform.