
Oura Eyes Nasdaq Debut as Health-Tracking Ring Maker Files for IPO
Oura, the Finnish health-tracking smart-ring maker, filed to list on Nasdaq, signaling investor interest after reporting $1.21bn in revenue for the nine months to June (up 74% YoY) and its first yearly profit, followed by $60.8m in the nine months to June. Its after-sales subscription business has grown to about 5 million users with 89% gross margins, producing $240.5m in membership revenue (up 121%), while hardware accounts for roughly 80% of sales. Ring 5 launched in May at $399, the app is opened about 3.5 times daily, and the user base is 72% female, with 42bn hours of biometric data collected across 50 metrics.













