Oura, a Finnish-based smart ring maker with US headquarters in San Francisco, is filing to list on the Nasdaq stock exchange in New York as soon as later this month. The company's revenue reached $1.21 billion in nine months, up 74% year-on-year, and it made its first profit last year at $1.6 million. Oura's subscription-based business model, which has a base of 5 million users with gross margins of 89%, is particularly appealing to investors. The company's latest product, the Oura Ring 5, was released in May for $399 and tracks over 50 metrics involved in health and wellness.
Written by the local model on 2026-09-06,
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Story summary
Oura, a Finnish company now headquartered in San Francisco, has filed to go public on the Nasdaq stock exchange in New York. The company makes popular smart rings that track metrics such as heart rate, temperature, and sleep quality, with prices ranging from $349 to $499. Oura has seen significant growth, bringing in $1.21 billion in revenue over the past nine months, a 74% increase from last year. The company has also reported profits of $1.6 million and $60.8 million over the same period. With a valuation expected to be well above $11 billion, Oura is aiming to list on the Nasdaq as soon as this month, allowing investors to track its share price along with their health metrics.
Written for “Oura Lists on Stock Market” on 2026-09-07,
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Fans of Oura are accustomed to using its trendy smart rings to fastidiously monitor their health but now investors are preparing to track a new metric: its share price.
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investors → accustom → metric
The company’s filing to list imminently on the Nasdaq stock exchange in New York was made public on Thursday.
Founded in Finland in 2013 and now headquartered in San Francisco, Oura makes smart rings that have become a must-have item among wellbeing enthusiasts, with celebrity fans and ambassadors including Jennifer Aniston, Prince Harry, Kim Kardashian and the Spider-Man actor Tom Holland.
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fans → list → Aniston
The ring allows users to track metrics including heart rate, temperature and sleep quality.
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users → allow → rate
The rings sell for $349 to $499 (about £258-£360), with subscribers then paying $5.99 a month or $69.99 a year for full access to data on their health.
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subscribers → sell → health
The US filing showed a thriving, high-margin business, which brought in $1.21bn in revenue in the nine months to 30 June, up 74% year on year.
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which → show → year
Oura made its first profit only last year, notching up $1.6m, and followed that with a $60.8m profit in the nine months to the end of June.
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Oura → make → June
It is aiming to list on the Nasdaq as soon as later this month, with a valuation expected well above the $11bn it was valued at when it raised $900m last year.
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it → aim → m
Of particular appeal to investors is the after-sales subscription business, which the company said has reached a base of 5 million users, doubling year on year, and which had gross margins of 89% in the nine months to 30 June.
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which → say → June
Membership revenue came to $240.5m over the nine months, up 121% year over year and hardware sales accounted for about 80% of revenues.
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sales → come → revenues
Subscribers opened the app more than 3.5 times a day on average, the company said.
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company → open → times
The former Friends star Aniston has said publicly she is “addicted” to checking her Oura stats.
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she → say → stats
Subscribers are skewed towards women, who account for 72%, and 42% of the total base are aged 30 to 45, with 31% under 29.
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% → skew → 29
Oura said it has collected almost 42bn hours of biometric physiological data from users across 50 metrics.
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it → say → metrics
The latest product, Oura Ring 5, went on sale in May at $399 and is 40% smaller than its predecessor.
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product → go → predecessor
It records heart rate, blood oxygen, temperature and motion, tracking more than 50 metrics involved in sleep, activity, readiness, stress, resilience, heart and women’s health.
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It → record → sleep