Private company

WalkMe

Logo: WalkMe, Public domain, via Wikimedia Commons4

American web-based software company

WalkMe Ltd. is an American multinational software-as-a-service (SaaS) company, with headquarters in San Francisco, California.3 From Wikipedia, CC BY-SA 4.0

Last updated Oct 16, 2026.

Overview

$267.0MRevenue, fiscal 20235
-$59.1MNet income, fiscal 20235
Apr 2012Founded1
  • IndustryServices-Prepackaged Software1
  • HeadquartersSan Francisco1
  • Websitewww.walkme.com
  • Legal formlimited company1
  • Incorporated inIsrael6
  • Business address1 Walter Moses Street, Tel Aviv, L3 67899036
  • Filer categoryAccelerated filer, Emerging growth company6

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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 margin5
-24.3%Operating margin5
-22.2%Net margin5
9.0%Revenue growth, 20235
-22.7%Return on equity5
$14.7MFree cash flow5

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.5 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.5

Financial statements

Revenue895$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 profit895$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 income895-$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 income895-$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$105.1M8$148.3M9$193.3M5$245.0M5$267.0M5
Cost of revenue$30.7M8$39.2M9$46.7M5$53.9M5$44.4M5
Gross profit$74.5M8$109.1M9$146.6M5$191.1M5$222.6M5
Research and development$26.6M8$31.6M9$48.2M5$59.5M5$55.1M5
Operating income-$49.3M8-$43.2M9-$77.8M5-$109.8M5-$64.9M5
Income tax$1.3M8$1.7M9$2.5M5$3.8M5$5.1M5
Net income-$49.9M8-$53.8M9-$95.8M5-$92.6M5-$59.1M5
Earnings per share-$4.079-$1.855-$1.095-$0.675
Earnings per share (diluted)-$4.079-$1.855-$1.095-$0.675

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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 4.0.7

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 4.0.7

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

Recent filings

  1. Sep 12, 20246-K
  2. Aug 7, 20246-K
  3. Aug 1, 20246-K
  4. Jul 18, 20246-K
  5. Jul 2, 20246-K
  6. Jun 28, 20246-K
  7. Jun 5, 20246-K
  8. May 22, 20246-K
  9. Mar 18, 202420-F
  10. Feb 21, 20246-K
  11. Nov 14, 20236-K
  12. Aug 10, 20236-K
  13. May 17, 20236-K
  14. May 17, 20236-K
  15. Apr 18, 20236-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

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

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