AndroGuider | One Stop For The Techy You!Oura IPO Filing: Smart Ring Maker Reports Explosive Revenue Growth Ahead of Public Debuthttps://ai4chat-files.s3.amazonaws.com/images/image_1788480939019.jpg TL;DR* Oura has confidentially filed for an IPO, revealing explosive revenue growth that has more than doubled year-over-year as it prepares for a public debut expected as early as late 2026.* The filing highlights a powerful combination of hardware sales for the Oura Ring Gen 3 and Horizon, plus a high-margin subscription business and expanding enterprise and healthcare partnerships.* The move signals a major validation moment for the smart ring category and the broader health tech wearables market, positioning Oura to compete directly with giants like Apple and Samsung for investor attention. Oura's Long-Awaited Leap to Wall StreetAfter years of speculation, the smart ring maker is finally making its move. Oura, the Finnish company behind the wildly popular Oura Ring, has confidentially filed to go public, marking one of the most anticipated health tech IPOs in years. While the company has not yet disclosed its target valuation or share price, the filing itself offers the clearest look yet at the business behind the tiny titanium tracker — and the numbers are striking.The confidential filing, reported in late August 2026, puts Oura on track for a public listing that could come as soon as late 2026 or early 2027, depending on market conditions. Leading investment banks including Goldman Sachs and Morgan Stanley are reportedly advising on the deal. For a company that has largely operated out of the spotlight compared to smartwatch giants, it's a bold statement of confidence. By The Numbers: Explosive Revenue GrowthAt the heart of the filing is a story of rapid financial acceleration. Oura has seen its revenue soar as smart rings have moved from niche biohacker gadget to mainstream wellness essential.According to figures disclosed in the filing, Oura surpassed $500 million in annual revenue in 2024 and is on pace to nearly double that in 2025, with annualized sales now approaching the $1 billion mark. That growth represents a more than 100% year-over-year increase from 2023 levels, driven by both record hardware shipments and a surge in paying subscribers.Crucially, the company is also inching closer to profitability, a rarity for high-growth wearables startups. Gross margins have improved significantly thanks to economies of scale and the maturing of its direct-to-consumer model. The filing shows Oura has now sold more than 5 million rings to date, with its active member base growing rapidly across North America, Europe, and Japan. The Subscription Engine Behind the HardwareSelling a ring is only part of the equation. A key financial driver highlighted in the filing is Oura's highly successful subscription strategy.Since launching its $5.99 per month Oura Membership, the company has converted a majority of new buyers into recurring subscribers who pay for in-depth sleep analysis, readiness scores, stress and resilience features, and personalized health insights. This recurring revenue stream now accounts for a substantial and growing portion of total revenue, giving Oura the predictable, high-margin income that public market investors prize.Beyond consumers, Oura has also diversified through enterprise and healthcare channels. Partnerships with retailers, professional sports leagues, the U.S. Department of Defense, and a growing number of healthcare providers and research institutions have expanded its reach. Its data is now used in dozens of clinical studies focused on sleep, women's health, illness detection, and metabolic health — positioning the ring not just as a wellness device, but as a medical-grade tool. Why Now? The Smart Ring BoomOura's timing is no accident. The company is going public at the[...]