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Private company

WalkMe

Logo: WalkMe, Public domain, via Wikimedia Commons5

American web-based software company

WalkMe Ltd. is an American multinational software-as-a-service (SaaS) company, with headquarters in San Francisco, California. Its digital adoption platform (DAP) was recognized in Everest Group's PEAK Matrix Assessment of DAP vendors as the leading DAP product. Alongside its headquarters in San Francisco, the company has offices in Raleigh, North Carolina; Tel Aviv, Israel, and a global footprint including the United Kingdom, Australia, and Japan.3 It is part of SAP.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

$267.0MRevenue, fiscal 20236
-$59.1MNet income, fiscal 20236
Apr 2012Founded1
  • IndustryServices-Prepackaged Software1
  • HeadquartersSan Francisco1
  • Websitewww.walkme.com
  • Legal formlimited company1
  • Incorporated inIsrael7
  • Business address1 Walter Moses Street, Tel Aviv, L3 67899037
  • Filer categoryAccelerated filer, Emerging growth company7
  • LEI254900VCL0LSMCUW1K754
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 52192844

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WalkMe Ltd. is an American multinational software-as-a-service (SaaS) company, with headquarters in San Francisco, California. Its digital adoption platform (DAP) was recognized in Everest Group's PEAK Matrix Assessment of DAP vendors as the leading DAP product. Alongside its headquarters in San Francisco, the company has offices in Raleigh, North Carolina; Tel Aviv, Israel, and a global footprint including the United Kingdom, Australia, and Japan.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

83.4%Gross margin6
-24.3%Operating margin6
-22.2%Net margin6
9.0%Revenue growth, 20236
-22.7%Return on equity6
$14.7MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue17¢$44.4M
  • Research and development21¢$55.1M
  • Other costs61¢$162.4M
  • Income tax2¢$5.1M

Out of $267.0M in revenue.6 The company lost money this year.

Where each dollar of operating cash went, fiscal 2023

  • Capital spending4¢$540.0K
  • Kept or used elsewhere96¢$14.7M

Out of $15.3M of cash from operations.6

Financial statements

Revenue9106$267.0M in 2023+154% since 2019
0$100.0M$200.0M$300.0M2019: $105.1M$105.1M20192020: $148.3M$148.3M2020+41%2021: $193.3M$193.3M2021+30%2022: $245.0M$245.0M2022+27%2023: $267.0M$267.0M2023+9%
Gross profit9106$222.6M in 2023+199% since 2019
0$100.0M$200.0M$300.0M2019: $74.5M$74.5M20192020: $109.1M$109.1M2020+47%2021: $146.6M$146.6M2021+34%2022: $191.1M$191.1M2022+30%2023: $222.6M$222.6M2023+16%
Operating income9106-$64.9M in 2023+32% since 2019
-$150.0M-$100.0M-$50.0M02019: -$49.3M-$49.3M20192020: -$43.2M-$43.2M2020−12%2021: -$77.8M-$77.8M2021+80%2022: -$109.8M-$109.8M2022+41%2023: -$64.9M-$64.9M2023−41%
Net income9106-$59.1M in 2023+19% since 2019
-$100.0M-$75.0M-$50.0M-$25.0M02019: -$49.9M-$49.9M20192020: -$53.8M-$53.8M2020+8%2021: -$95.8M-$95.8M2021+78%2022: -$92.6M-$92.6M2022−3%2023: -$59.1M-$59.1M2023−36%
Fiscal year201820192020202120222023
Revenue$105.1M9$148.3M10$193.3M6$245.0M6$267.0M6
Cost of revenue$30.7M9$39.2M10$46.7M6$53.9M6$44.4M6
Gross profit$74.5M9$109.1M10$146.6M6$191.1M6$222.6M6
Research and development$26.6M9$31.6M10$48.2M6$59.5M6$55.1M6
Operating expenses$224.4M6$301.0M6$287.5M6
Operating income-$49.3M9-$43.2M10-$77.8M6-$109.8M6-$64.9M6
Income before tax-$77.8M6-$104.5M6-$51.7M6
Income tax$1.3M9$1.7M10$2.5M6$3.8M6$5.1M6
Net income-$49.9M9-$53.8M10-$95.8M6-$92.6M6-$59.1M6
Earnings per share-$4.0710-$1.856-$1.096-$0.676
Earnings per share (diluted)-$4.0710-$1.856-$1.096-$0.676
Shares (weighted, basic)51.8M shares685.1M shares688.9M shares6
Shares (weighted, diluted)51.8M shares685.1M shares688.9M shares6

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Corporate structure

WalkMe is part of a group headed by SAP. 59 entities, 16 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of WalkMe

  • SAP Walldorf, Germany
    • SAP Svenska Walldorf, Germany
    • SAP ČR Walldorf, Germany
    • Sybase Dublin, California, California, United States
    • Taulia San Francisco, California, United States
    • WalkMe tel aviv, Israel
    • Business Objects Subsidiary · Paris
    • Delos Cloud Subsidiary · Walldorf, Germany
    • Fieldglass Subsidiary · Chicago, United States
    • Gigya Subsidiary · Walldorf
    • KXEN Inc. Subsidiary · San Francisco
    • Prior Labs Subsidiary · Berlin, Germany
    • SAP Ariba Subsidiary · Sunnyvale
    • SAP Concur Subsidiary · Wilmington, Delaware, United States
    • SAP SuccessFactors Subsidiary · South San Francisco
    • Systems Applications and Products in Data Processing (Australia) Subsidiary · Sydney, Australia
    • Systems Applications and Products in Data Processing (United States) Subsidiary · Philadelphia, United States
    • ARIBA Inc. Subsidiary · Pittsburgh, Pennsylvania, United States
    • ARIBA INDIA PRIVATE LIMITED Subsidiary · Gurugram, India
    • ARIBA TECHNOLOGIES INDIA PRIVATE LIMITED Subsidiary · Bangalore, India
    • BUSINESS OBJECTS SOFTWARE LIMITED Subsidiary · Walldorf, Germany
    • CALLIDUS SOFTWARE INC. Subsidiary · Wilmington, Delaware, United States
    • CALLIDUSCLOUD (INDIA) PRIVATE LIMITED Subsidiary · Hyderabad, India
    • CONCUR TECHNOLOGIES (INDIA) PRIVATE LIMITED Subsidiary · Bangalore, India
    • Quadrem Netherlands B.V. Subsidiary · 's-Hertogenbosch, Netherlands
    • s'p pwrtls ysr'l b'"m (סאפ פורטלס ישראל בע"מ) Subsidiary · Walldorf, Germany
    • and 31 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What WalkMe reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$35.8M6 Dec 31, 2023$32.0M6 Dec 31, 2022+11.7%
Accumulated depreciation$23.7M6 Dec 31, 2023$18.7M6 Dec 31, 2022+26.4%
Property and equipment, net$12.1M6 Dec 31, 2023$13.3M6 Dec 31, 2022−9.1%
Operating-lease assets (leased space)$12.0M6 Dec 31, 2023$7.0M6 Dec 31, 2022+71.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$177.2M6 Dec 31, 2023$94.1M6 Dec 31, 2022+88.3%
Marketable securities, current$60.3M6 Dec 31, 2023$42.2M6 Dec 31, 2022+42.9%
Marketable securities, non-current$56.3M6 Dec 31, 2023$43.3M6 Dec 31, 2022+29.9%
Debt securities available for sale$116.6M6 Dec 31, 2023$85.5M6 Dec 31, 2022+36.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.5M10 Dec 31, 2022$1.5M10 Dec 31, 20210%
Intangible assets, net (excluding goodwill)$80.0K6 Dec 31, 2023$349.0K6 Dec 31, 2022−77.1%
Finite-lived intangibles, net$349.0K10 Dec 31, 2022$1.8M9 Dec 31, 2021−80.8%

The story

WalkMe Inc. was founded in 2011 by Dan Adika, Rafael Sweary, Eyal Cohen and Yuval Shalom Ozanna. In April 2012, they launched the product WalkMe.

In 2016, Globes named it Israel’s most promising start up.

In 2017, WalkMe acquired mobile A/B testing and app engagement platform Abbi, and analytics startup Jaco. User interface artificial intelligence company DeepUI.ai was acquired in June 2018, and information enablement tool Zest was acquired in 2021.

In June 2021, it had an IPO and was then one of a number of Israeli technology companies to trade below its IPO price.

In June 2024, SAP announced that it has entered into an agreement to acquire WalkMe for $1.5 billion. The acquisition was completed in September 2024. As a result of this, WalkMe was delisted from the NASDAQ.

From Wikipedia’s article on WalkMe, shared under CC BY-SA 4.0.8

Products and brands

Products and Technology

WalkMe Digital Adoption (DAP)

Digital adoption platforms provide guidance, in-application training, and user onboarding.

WalkMe Learning Arc

This allows for learning that is "in-the-flow" where training is delivered directly inside the applications based on user interactions.

SAP Joule (formerly WalkMe X)

An AI copilot that works across both SAP and non-SAP applications and assists in automating tasks.

Market Position: AI & Digital Adoption

WalkMe is a leader in Digital Adoption when it comes to ensuring that employees are actually using the GenAI tools they’ve invested in, while maintaining security guardrails to prevent the information from being abused.

From Wikipedia’s article on WalkMe, shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Parent company

  • SAP since Sep 12, 2024

From Wikidata.1

Timeline

  1. Sep 12, 2024Acquired Acquired by SAP1
  2. Apr 2012Founded Founded1

Filings

84 filings to the SEC since October 2021: 3 annual reports, 14 large holders, 67 other. The latest 20:

  1. Nov 12, 2024SC 13G/A EDGAR
  2. Nov 8, 2024SC 13G/A EDGAR
  3. Oct 4, 2024SC 13G/A EDGAR
  4. Sep 23, 202415-12G EDGAR
  5. Sep 16, 2024SC 13D/A AMENDMENT NO. 2 TO SCHEDULE 13D EDGAR
  6. Sep 12, 2024S-8 POS EDGAR
  7. Sep 12, 2024S-8 POS EDGAR
  8. Sep 12, 2024S-8 POS EDGAR
  9. Sep 12, 2024S-8 POS EDGAR
  10. Sep 12, 20246-K EDGAR
  11. Sep 6, 2024144 EDGAR
  12. Sep 5, 2024144 EDGAR
  13. Sep 4, 2024144 EDGAR
  14. Sep 3, 2024144 EDGAR
  15. Aug 30, 2024144 EDGAR
  16. Aug 29, 2024144 EDGAR
  17. Aug 28, 2024144 EDGAR
  18. Aug 27, 2024144 EDGAR
  19. Aug 26, 2024144 EDGAR
  20. Aug 23, 2024144 EDGAR

The 84 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How WalkMe is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARWalkMe Ltd.2
  • CIK0001847584
  • Filer statusAccelerated filer<br>emerging growth company2
  • Incorporated inIsrael2
  • Fiscal year endsDecember 312
  • Industry code (SIC)7372 Services-Prepackaged Software2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address1 Walter Moses Street, Tel Aviv, L3 67899032
  • Phone972-3-763-03332
  • Shares outstanding90,864,662 as of Dec 31, 20236
  • On EDGAR sinceMar 22, 20212
  • Filings105 in all: 144 (32), 6-K (28), SC 13G/A (8), S-8 (4), S-8 POS (4), SC 13G (4), 20-F (3), CORRESP (3)2
    All 23 form types

    DRSLTR (2), F-1/A (2), SC 13D/A (2), UPLOAD (2), 15-12G (1), 25-NSE (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), EFFECT (1), F-1 (1), FWP (1), SC 13D (1)

  • Latest filingsAnnual report (20-F) Mar 18, 2024

Sources

The numbers on this page point here. Each one links to the record it came from.

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