Overview
- The company filed its S‑1 with the SEC on Thursday, Sept. 3, saying it will seek a Nasdaq listing under the ticker OURA and reporting about $1.21 billion in revenue for the nine months to June 30 and roughly $1.4 billion on a trailing‑12‑month basis.
- Oura reported recent net income of roughly $59–61 million but also recorded a $924.3 million loss attributable to common shareholders that stems from a $1.09 billion preferred‑stock buyback by early backers.
- The business remains dual‑stacked: hardware made up about 80% of revenue in the reporting period while recurring Oura Membership generated the rest, with roughly 5 million paid members, 3.6 million rings sold over the past year, and an approximately 85% 12‑month retention rate.
- The filing flags legal and operational risks, including a pending proposed class‑action over sleep‑tracking accuracy, reliance on third‑party AI and cloud providers such as OpenAI, Anthropic and Google, and concentration in a few large retail partners.
- Oura said it may seek to raise up to $3 billion with a potential valuation reported around $16 billion and has named lead underwriters including Goldman Sachs, Morgan Stanley and J.P. Morgan, but share count, price range and exact timing remain undecided as competition and market appetite are evaluated.