Senior Data Analytics Engineer

Europe's health-tracking decacorn heads to Wall Street as Oura files for Nasdaq listing. September 4, 2026 * Oura submitted an application for a US initial public offering, aiming to raise up to $3 billion. * Over the last nine months, Oura has achieved revenue of $1.21 billion and suffered a net loss of $924.3 million. * The IPO might assign a value of over $16 billion to Oura, the company which is currently based in New York. Oura Ring was founded following Nokia's collapse in the early 2010s, a period which left the city of Oulu with a large number of experienced hardware engineers and state-of-the-art research laboratories. Three engineers used these facilities to develop a titanium smart ring. On September 3, 2026, Oura submitted an application to the US Securities and Exchange Commission for an initial public offering that might give the company a market value of more than $16 billion. Oura, now a company incorporated in the United States with its base in San Francisco, achieved revenue of $1.21 billion over the nine months ending June 30, up from $697.6 million a year earlier. The net loss for shareholders rose to $924.3 million from $182.8 million, primarily due to a deemed dividend associated with the preferred stock rather than operating losses. During the previous year, Oura sold more than 3.6 million rings. From Nokia's collapse to a $16 billion smart ring. Oura was set up in 2013 by Petteri Lahtela, Kari Kivelä, and Markku Koskela, who were engineers at Nokia and Polar in Oulu. The firm introduced its first ring on Kickstarter in 2015 and officially launched it at the Slush event in 2017. Following Tom Hale's takeover as CEO in 2022, revenue increased rapidly, rising from $500 million in 2024 to just under $1 billion in 2025. Hale anticipates that revenue will reach $1.5 billion in 2026. As Tech Funding News reported, Oura's valuation rose from $5.2 billion in December 2024 to $11 billion less than a year afterwards. A valuation of $16 billion at the time of the IPO would represent a 45% increase in under a year. Key financial figures for wall street. During the first nine months of fiscal 2026, hardware accounted for 80% of Oura's revenue, the remaining 20% coming from the $6-per-month Oura Membership subscription, which had a renewal rate above 80%. Competition is increasing: in March 2026, Whoop raised $575 million at a valuation of $10.1 billion, and both Samsung's Galaxy Ring and Google's new Fitbit are aiming at the same customer base. According to IDC, Oura has more than 80% of the global smart ring market. Nevertheless, a class-action lawsuit that is still pending over the accuracy of sleep tracking could pose a risk to new investors. The IPO is being underwritten by Goldman Sachs, Morgan Stanley, J.P. Morgan, Allen & Co., and BofA Securities, with Robinhood Securities acting as co-manager, indicating that Oura aims to attract retail investors from the outset. Finland's export challenge. As Bloomberg points out, Oura's filing, together with Glasgow's Aggreko, serves as further evidence that large European companies are proceeding with listings in the United States. TFN reports that the number of European companies waiting to go public has fallen to 223, and the French crypto wallet company Ledger is also planning a US listing valued at $4 billion. What makes Oura's action stand out is that it did not need to move its operations. In July 2026, the Finnish deep-tech company IQM demonstrated that a European hardware startup can list on Nasdaq while retaining its headquarters, research and development activities, and capital in Espoo, thus combining a listing in the United States with a dual listing on Nasdaq Helsinki. By contrast, Oura has opted for full incorporation in the United States, has chosen San Francisco as its headquarters, and, according to Bloomberg, has had its board updated on September 2, 2026, with leaders from Netflix, Robinhood, and Deliveroo. Oura is likely to receive a high valuation at its initial public offering, as consistent revenue growth generally gives investors confidence. However, it is unclear whether the stock market will reward Oura more for its move than it did IQM when it stayed in Finland. The outcome may influence Finnish entrepreneurs' decisions about where to incorporate their companies in the future.

Oura takes step toward IPO with S-1 filing, revealing $1.4 billion in revenue. Sep 3, 2026, 2:50 PM PT 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 filing showed Oura incurred losses of $924 million on revenue of $1.21 billion for the nine-month period ended in June. For the same period a year prior, the company's losses were $182.8 million on revenues of $697.6 million. The Oura Ring maker, which plans to list on the Nasdaq under the ticker OURA, had 5 million paid members as of June, the filing said. The filing lists several risk factors facing the company, as is required in S-1s by the Securities and Exchange Commission. "We have experienced rapid growth in recent years," the risk factors section says. "This rapid growth may not be sustainable or indicative of future performance, and we expect our growth rate to slow over time." The company said current trade tensions and tariffs could increase the cost of some of its products, while broader economic pressure and changes in consumer spending levels could impact its business. The filing also said much of Oura's revenue comes from a "limited number of retail partners." The company said that for the nine months ended in June, its two largest customers accounted for 12% and 10% of its total revenue, respectively. Oura said its business relies on outside AI models, including OpenAI, Anthropic, and Google, and on third-party data centers, adding that disruptions to the data centers could impact the company. It also said there were "legal, regulatory, ethical, security, or reputational risks" associated with AI. This story is breaking. Check back for updates.

Oura files for Nasdaq initial public offering following rapid revenue growth. Luke Juricic Investing.com - ŌURA Inc., the health intelligence platform and maker of the Oura Ring, has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. The San Francisco-based company has applied to list its shares on the Nasdaq Global Select Market under the ticker symbol "OURA," according to the filing. The offering marks a significant public market milestone for the smart ring pioneer following a period of rapid top-line growth and operational expansion. Financial terms, including the number of shares to be offered and the proposed price range, have not yet been determined. Goldman Sachs, Morgan Stanley, J.P. Morgan, Allen & Company, and Jefferies are acting as joint lead book-running managers for the proposed offering. BofA Securities, Barclays, and Wells Fargo Securities are also acting as joint book-running managers alongside a broad syndicate of underwriters. The filing highlights accelerating commercial momentum, with total revenue reaching $1.21 billion for the nine months ended June 30, 2026, representing a 74% increase from $697.6 million in the prior-year period. Hardware sales accounted for the primary share of top-line performance, driving $973.98 million in revenue, while subscription-based Membership revenue more than doubled to $240.53 million. Profitability metrics also expanded over the same timeframe, reflecting operating leverage across the business. Oura generated net income of $60.77 million for the first nine months of fiscal 2026, up from $1.57 million a year earlier, while Adjusted EBITDA increased to $106.65 million. The growth has been supported by a surging installed base, with the company reporting 5.0 million Paid Members as of June 30, 2026, up from 2.5 million a year prior. Hardware shipments similarly accelerated, with the company selling 3.1 million Oura Rings during the nine-month period compared to 1.8 million in the comparable year-ago period. Proceeds from the offering are intended for general corporate purposes, including technology development, working capital, operating expenses, and capital expenditures. A portion of the net proceeds will also be allocated to satisfy tax withholding and remittance obligations associated with the settlement of restricted stock units. Ahead of the public filing, the company completed a structural reorganization on March 31, 2026, redomiciling its parent entity from Finland to Delaware-based Oura Inc. Investors will be monitoring how the business continues to scale its hardware-plus-software subscription model as it prepares for its Nasdaq debut.