Oura Prepares US IPO for 2026

Oura confirmed it receives government requests for user data but refuses to disclose how many or what kinds of data it hands over. The wearable maker stores health and location data without end-to-end encryption, meaning information can be accessed on its servers by staff and, via warrants or stolen credentials, by governments or attackers. Oura says it reviews requests for legality and sometimes pushes back, but declined to publish a transparency report or provide counts of demands. With over 5.5 million rings sold and a valuation north of $11 billion, critics argue Oura now has the resources and responsibility to better protect users and be more transparent about government access to sensitive health data.

Oura confirmed it receives “infrequent” government requests for user data but refuses to disclose counts or outcomes. The wearable-maker stores health and location data in a non-end-to-end-encrypted form that allows staff—and therefore governments with warrants, hackers with stolen keys, or malicious insiders—to access user records. The company, which has sold over 5.5 million rings and is valued at roughly $11 billion ahead of an IPO, says it evaluates requests for legality and pushes back on overbroad demands but won’t publish a transparency report or frequency metrics. That lack of visibility matters because Oura’s design and access policies determine how easily sensitive health data can be obtained by third parties.