Oura takes step toward IPO with S-1 filing, revealing $1.4 billion in revenue

Oura takes step toward IPO with S-1 filing, revealing $1.4 billion in revenue The company behind the Oura Ring filed its S-1, a required step on the road to an IPO. Angel Garcia/Bloomberg/Getty Images Oura just got one step closer to becoming a public company.The smart-ring maker filed its S-1 paperwork on Thursday, a required step on the road to an initial public offering.The filing said Oura pulled in $1.4 billion in revenue and $59 million in net income in the one-year period that ended in June. The company said revenue had grown 74% year-over-year, comparing the first three quarters of fiscal year 2026 to the same period in 2025.Oura also said in the filing that it has "a history of operating losses" and has "only recently achieved profitability," adding "there can be no assurance that we will maintain profitability in any future period."The company, which plans to list on the Nasdaq under the ticker OURA, had 5 million paid members as of June, the filing said.This story is breaking. Check back for updates. Read next Kelsey is a senior reporter for Business Insider, where she covers business and tech news as well as stories about travel, luxury, and consulting.Her feature story "Disaster at 18,200 feet" received awards from the New York Press Club and the North American Travel Journalists Association, as well as honorable mention from the Society of American Travel Writers. It was also included on Longreads' and Pocket's best of 2022 lists. She has also received an American Journalism Online Award for her coverage on missing and murdered Indigenous people in Wyoming.She's appeared on CBS, NPR, NBC, and other outlets to discuss her work. She previously worked on the world news desk at the BBC in London and received a master's in journalism from Northwestern University.She can be reached by email at kvlamis@businessinsider.com or via the encrypted-messaging app Signal @kelseyv.21.Popular storiesDisaster on Denali: Inside a 1,000-foot fall on America's highest peakThrifting is more popular than ever. It's also never been worse.Rolex wouldn't service the vintage watch my mom inherited. Watchmakers say it happens all the time.A tiny, invasive bug and the climate crisis are changing how guitars are made, and shifting the course of music historyThe tourism free-for-all is overGovernment-run boarding schools were founded to 'civilize' Native Americans. Hundreds of dead children remain buried in the schoolyard graves.Meet the Texas minister who helps fly dozens of women to New Mexico every month to get abortionsPeople are flocking to Colorado for the great outdoors, but the air pollution is so bad, it's forcing many to stay insideInside Kabul: An aid worker reveals the devastating chaos that erupted during the US exit from Afghanistan IPO