Oura at a glance
Question | Answer | As of |
|---|---|---|
Who owns Oura? | Private: largest holders Fidelity (10.9%), Forerunner (9.3%), Bedford Ridge (9.2%) and Lifeline Ventures (7.3%) | Sep 2026 |
Valuation | About $11B in its 2025 round; the postponed IPO’s $40–44 range implied about $13–14B | Sep 2026 |
Revenue | $907.9M in fiscal 2025 (to Sept 30), up 123%; $1.21B in the nine months to June 2026, up 74% | Jun 2026 |
Profit | $60.8M net income in the nine months to June 2026; about break-even in fiscal 2025 | Jun 2026 |
Members | More than 6 million paying members | Oct 2026 |
Employees | About 1,350 in 11 countries | Jun 2026 |
IPO | Filed to list on Nasdaq as OURA; postponed on September 29, 2026 | Sep 2026 |
CEO | Tom Hale, since 2022 | Nov 2026 |
Founded | 2013 in Oulu, Finland, by Petteri Lahtela, Kari Kivelä and Markku Koskela | 2013 |
Headquarters | 415 Kearny Street, San Francisco; EU headquarters in Oulu, Finland | Nov 2026 |
Email format | {first}.{last}@ouraring.com (94% of known addresses) | Nov 2026 |
Oura started in Finland as JouZen Oy in April 2013 and was renamed Oura Health Oy in 2017 (Finnish trade register). On March 31, 2026, a new Delaware company, Oura Inc., became the parent, with Oura Health Oy as its subsidiary (SEC). Oura describes itself as “headquartered in San Francisco with E.U. headquarters in Oulu, Finland” (SEC).
Oura’s IPO: filed, then postponed
Oura filed publicly to list on Nasdaq under the ticker OURA on September 3, 2026 (SEC). It set out to sell 50 million shares at $40 to $44, 13.5 million of them new and 36.5 million from existing holders, with Goldman Sachs, Morgan Stanley and J.P. Morgan leading (SEC). Most of Oura’s own proceeds would have paid employee taxes on stock units that vest at listing.
On September 29 it postponed the offering, citing “uncertainty in the IPO market”. CEO Tom Hale: “We aim to deliver an extraordinary IPO for our employees and investors and we have the luxury of choosing our moment” (CNBC) (TechCrunch). No new date has been set.
Who owns Oura?
Oura is still private. Its filing lists its largest shareholders as Fidelity (10.9%), Forerunner Ventures (9.3%), Bedford Ridge (9.2%) and Lifeline Ventures (7.3%), an early Finnish backer (SEC). Dexcom, the glucose-monitor maker, invested $75 million in 2024 (Dexcom), and Eli Lilly $50 million in 2026 (Oura). CEO Tom Hale owns about 1.2% (SEC).
What is Oura’s revenue?
Oura’s IPO filing shows sales more than doubling in fiscal 2025, to $907.9 million, and $1.21 billion in the nine months to June 30, 2026, up 74%, with a 55% gross margin (SEC). In November 2025 Hale said 2026 sales would be “north, maybe close to $2 billion” (CNBC). Its fiscal year ends on September 30.
Period | Revenue | Net income | Source |
|---|---|---|---|
9 months to Jun 30, 2026 | $1,214.5M (up 74%) | $60.8M | |
Fiscal 2025 (to Sep 30, 2025) | $907.9M (up 123%) | $12,000 | |
Fiscal 2024 | $406.8M | $3.6M |
Members pay $5.99 a month or $69.99 a year on top of the ring. Oura sold 2.3 million rings in fiscal 2025 and 3.1 million in the following nine months, ending June with 5 million paying members (SEC); it passed 6 million in October 2026 (Oura).
Oura ARR (annual recurring revenue)
Oura doesn’t report ARR: most of its revenue comes from selling rings, with a membership on top. Its revenue was $1.21 billion in the nine months to June 30, 2026 (SEC).
Oura MRR (monthly recurring revenue)
Oura doesn’t report MRR. It had more than 6 million paying members in October 2026 (Oura); at $5.99 a month that would be up to about $36 million a month of membership revenue, by our rough calculation, less for members on annual plans.
How much has Oura raised? Funding and valuation
Date | Round | Amount | Led by | Valuation | Source |
|---|---|---|---|---|---|
Jul 2026 | Convertible investment | $50M | Eli Lilly | Not disclosed | |
Oct 2025 | Series E | About $900M | Fidelity | About $11B | |
Nov–Dec 2024 | Series D | $200M | Fidelity, with $75M from Dexcom | $5.2B | |
Apr 2022 | Funding round | Not disclosed | Not disclosed | $2.55B | |
May 2021 | Series C | $100M reported; about $255M per the IPO filing | Bedford Ridge | Not disclosed |
Press reports put the 2021 Series C at $100 million; Oura’s IPO filing gives about $255 million, led by Bedford Ridge (SEC). At the IPO’s price range, the filing’s 321.9 million shares would have been worth about $13–14 billion, by our calculation.
What does Oura make? Products and acquisitions
Oura makes the Oura Ring, which tracks sleep, heart rate, temperature and activity, and an app that turns the readings into health insights, including Oura Advisor, an AI assistant (Oura). The third-generation ring introduced the paid membership in October 2021 (Business Wire). Hale calls Oura “a health intelligence platform” rather than a ring company (SEC).
Date | Acquisition | What it does | Source |
|---|---|---|---|
Apr 2026 | Galen AI | Clinical data integration | |
Mar 2026 | Doublepoint | Gesture recognition | |
Nov 2024 | Sparta Science | A health-data platform | |
Sep 2024 | Veri | Metabolic health | |
2023 | Proxy | Digital identity |
Patents, the Pentagon and privacy
Oura defends its ring patents hard. In August 2025 the US International Trade Commission found that Ultrahuman and RingConn infringed one of them (Federal Register) (Oura); in October 2026 Oura sued Ultrahuman again over a redesigned ring (Engadget). Samsung, which makes the Galaxy Ring, filed its own complaint against Oura in December 2025 (IP fray).
In August 2025 Oura called the US Department of Defense its largest enterprise customer (Business Wire). A mention of Palantir in that announcement set off a privacy backlash, and Hale answered: “We will never sell your data to anyone, ever” (Fortune).
Who is the CEO of Oura?
Tom Hale has been Oura’s CEO since spring 2022 (SEC). He was previously President of SurveyMonkey, COO of HomeAway and Chief Product Officer of Linden Lab, maker of Second Life. He succeeded Harpreet Rai, CEO from 2018 to 2021 (Oura); the founding CEO was Petteri Lahtela (Oura).
Person | Role | Source |
|---|---|---|
Tom Hale | CEO since spring 2022; director since July 2022 | |
David Shuman | Executive Chairman since September 2025 | |
Sean Brecker | CFO since October 2023; formerly at Headspace | |
Michael Chapp | COO; interim CEO from December 2021 to spring 2022 | |
Ricky Bloomfield, MD | Chief Medical Officer since March 2025; formerly at Apple | |
Holly Shelton | Chief Product Officer | |
Doug Sweeny | Chief Marketing Officer |
Full bio and contact routes: Oura CEO Tom Hale: email address, LinkedIn and bio.
Where is Oura headquartered?
Oura is headquartered at 415 Kearny Street in San Francisco, a building it bought in July 2026, and also has offices in San Diego, Santa Monica and Finland (SEC). Its EU headquarters, and its original home, is Oulu, Finland (SEC).
What is Oura’s email format?
Oura staff use {first}.{last}@ouraring.com: 94% of known addresses per LeadIQ (LeadIQ), and Clay verifies it (Clay). The domain is ouraring.com: oura.com belongs to a French regional transport card.
Need | Official address |
|---|---|
Customer support | support@ouraring.com |
Press | press@ouraring.com |
Privacy | dataprotection@ouraring.com |
Security | security@ouraring.com |
All patterns, domains and official inboxes: Oura email format.
Key events
Date | Event |
|---|---|
Oct 22, 2026 | Passes 6 million paying members (Oura) |
Sep 29, 2026 | Postpones its IPO (CNBC) |
Sep 3, 2026 | Files publicly to list on Nasdaq as OURA (SEC) |
Jul 2026 | Eli Lilly invests $50M (Oura); Oura buys its San Francisco headquarters (SEC) |
Mar 31, 2026 | Oura Inc., a Delaware company, becomes the parent of Oura Health Oy (SEC) |
Oct 14, 2025 | Raises about $900M at about $11B (Tech.eu) |
Aug 2025 | Wins its patent case against Ultrahuman and RingConn at the ITC (Federal Register) |
Nov 2024 | Raises $200M at $5.2B, including $75M from Dexcom (Dexcom) |
Apr 2022 | Tom Hale becomes CEO (Oura) |
Oct 2021 | Third-generation ring and paid membership (Business Wire) |
2018 | Harpreet Rai becomes CEO (Tech.eu) |
Apr 2013 | Founded in Oulu, Finland, as JouZen Oy (Finnish trade register) |
More on Oura and similar companies
Oura email format: the pattern, the official inboxes and the oura.com mix-up
Oura CEO Tom Hale: his career, the IPO and how to reach him
AI hardware companies: the full list, with CEOs and headcounts
Health and wellness SaaS companies: Oura’s other category
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