Exhibit 99.1 WalkMe Ltd. Announces Second Quarter 2023 Financial Results SAN FRANCISCO, August 10, 2023 -- WalkMe Ltd. (NASDAQ:WKME), a leading provider of digital adoption solutions, today announced financial results for its second quarter ended June 30, 2023. Management Commentary "We are seeing positive trends all across the business, our path to profitability is clearer and closer than ever. With over $300M cash in the bank, strong unit economics, improved internal execution and advancements in AI and p ...

Exhibit 99.1 WalkMe Ltd. Announces First Quarter 2023 Financial Results SAN FRANCISCO, May 17, 2023 -- WalkMe Ltd. (NASDAQ:WKME), a leading provider of digital adoption solutions, today announced financial results for its first quarter ended March 31, 2023. "WalkMe delivered solid revenue growth with better than expected operating margin while also pushing innovation and a successful launch of WalkMe Discovery." said Dan Adika, CEO of WalkMe. "Leaps in AI technology make me more excited than ever about deli ...

Financial Performance - WalkMe achieved an Annual Recurring Revenue (ARR) of $262 million, with a 63% year-over-year growth in ARR from Digital Adoption Platform (DAP) customers[28]. - The company reported a Dollar Based Net Retention Rate of 116% and a total revenue growth of 27%[20]. - Total revenues for the years ended December 31, 2021 and 2022 were $193.3 million and $245.0 million, respectively, representing year-over-year growth of 27%[66]. - Customer subscriptions to the Digital Adoption Platform accounted for approximately 91% and 90% of total revenue for the years ended December 31, 2021 and 2022, respectively[83]. - Revenue growth is expected to moderate for the fiscal year 2023 due to increased global economic uncertainty[66]. Customer Base and Market Demand - WalkMe has over 1,800 customers globally, with 514 customers generating more than $100K in ARR, reflecting a 13% year-over-year growth[20]. - The company has 39 customers with over $1 million in ARR, showing a 26% year-over-year growth[20]. - WalkMe's DAP ARR growth accounted for 63% of total ARR, indicating strong demand for its services[21]. - The ability to attract new customers is critical for revenue growth, but many enterprises may view digital adoption platforms as unproven[75]. - The markets for the company's products are new and evolving, making it difficult to predict customer adoption and demand[68]. Operational Strategy and Goals - WalkMe aims to achieve free cash flow positivity by Q4 2023 while focusing on improved operating efficiency[37]. - The company is committed to expanding its enterprise segment and enhancing product innovations in 2023[37]. - The company anticipates continued significant expenditures on sales and marketing efforts, as well as platform development, including obtaining FedRamp certification[65]. - The company plans to aggressively hire to support strategic priorities while maintaining corporate culture, which is crucial for innovation and growth[97]. Challenges and Risks - The company may face challenges in maintaining interoperability with third-party applications and devices, which could negatively impact customer demand[77]. - Historical growth rates may not be indicative of future performance, and the company may struggle to sustain its revenue growth rate[66]. - The company faces intense competition from established companies and new entrants, which may impact market share and pricing strategies[82]. - The company may experience volatility in share price if it fails to achieve consistent revenue growth or profitability[67]. - The company is exposed to significant risks from catastrophic events, including natural disasters and geopolitical issues, which could disrupt operations and impact financial targets[110]. Compliance and Regulatory Environment - The company is subject to stringent and evolving data privacy laws, including the GDPR and UK GDPR, which impose strict compliance requirements and potential penalties for violations[153]. - Noncompliance with data privacy regulations could result in fines of up to €20 million or 4% of global annual turnover for serious violations, impacting the company's financial health[155]. - The company faces challenges in selling to government entities, including competitive bidding processes and potential changes in government contracting requirements[119]. - Compliance with export control laws is critical, as violations could result in significant penalties and reputational harm[169]. Financial Position and Capital Needs - The company may need to raise additional funds for future capital needs, which could dilute existing shares and impact growth opportunities[114]. - As of December 31, 2022, the company reported net operating loss carryforwards of $320.9 million in Israel and $14.5 million in the United States, which may be limited in their future utilization[189]. - The company faces potential tax liabilities due to changes in tax laws and interpretations in various jurisdictions, which could increase its effective tax rate and harm its financial position[184]. Technology and Product Development - Significant investments in new product development and enhancements are necessary to remain competitive in a rapidly changing market[69]. - The complexity of the company's products may lead to defects or performance failures, potentially resulting in revenue loss and customer dissatisfaction[129]. - The company relies on third-party cloud providers, and any service interruptions could adversely affect business operations and financial condition[134]. Market and Shareholder Considerations - The market price of the company's ordinary shares has experienced significant volatility, influenced by operational results and market conditions[196]. - The company may be classified as a passive foreign investment company (PFIC), which could result in adverse U.S. federal income tax consequences for U.S. holders[213]. - The company is classified as an "emerging growth company" and is eligible for reduced disclosure requirements under the JOBS Act[202].

Exhibit 99.1 WalkMe Ltd. Announces Fourth Quarter 2022 Financial Results SAN FRANCISCO, February 15, 2023 -- WalkMe Ltd. (NASDAQ:WKME), a leading provider of digital adoption solutions, today announced financial results for its fourth quarter ended December 31, 2022. "WalkMe continues to help the largest companies in the world identify and resolve the crippling digital friction that's keeping them from achieving their digital transformation goals. They're relying on us to regain control of their tech stack ...

WalkMe Ltd. Announces Second Quarter 2022 Financial Results SAN FRANCISCO, August 11, 2022 -- WalkMe Ltd. (NASDAQ:WKME), a leading provider of digital adoption solutions, today announced financial results for its second quarter ended June 30, 2022. "Driving digital adoption of business workflows has never been more important for organizations across the globe in order to stay competitive and drive higher ROI in a challenging environment," said Dan Adika, CEO of WalkMe. "I'm pleased with the strong results o ...

Revenue Growth - Subscription revenue grew 34% year-over-year to $51.4 million in Q1 2022[6] - Total revenue increased 33% year-over-year to $56.8 million in Q1 2022[7] - Annualized Recurring Revenue (ARR) grew 30% year-over-year to $230 million as of March 31, 2022[7] - Remaining Performance Obligation (RPO) was $318 million, reflecting a 34% year-over-year increase[7] - For the full year 2022, total revenue is expected to be between $251 million and $255 million, representing a growth rate of 30% to 32% year-over-year[15] - Total revenues for Q1 2022 were $56,848,000, a 33.3% increase from $42,654,000 in Q1 2021[29] - Subscription revenues increased to $51,389,000 in Q1 2022, up from $38,474,000 in Q1 2021, representing a 33.5% growth[29] Operating Loss and Financial Performance - GAAP Operating Loss was $29.6 million, or 52% of total revenue, compared to $13.0 million, or 31% of total revenue, in Q1 2021[7] - Non-GAAP Operating Loss was $18.6 million, or 33% of total revenue, compared to $9.5 million, or 22% of total revenue, in Q1 2021[7] - Net loss for Q1 2022 was $29,745,000, compared to a net loss of $13,404,000 in Q1 2021, indicating a significant increase in losses[29] - Operating loss for Q1 2022 was $29,642,000, compared to an operating loss of $13,045,000 in Q1 2021[29] - Free Cash Flow for Q1 2022 was $(20,309,000), significantly worse than $(4,081,000) in Q1 2021[33] - GAAP operating loss for Q1 2022 was $(29,642,000), compared to $(13,045,000) in Q1 2021, indicating a deterioration in operating performance[32] - Non-GAAP operating loss for Q1 2022 was $(18,590,000), up from $(9,513,000) in Q1 2021, showing a 96% increase in operating losses[32] Customer Growth - Added 8 net new Enterprise-Wide DAP customers, totaling 134, representing a 52% year-over-year growth[10] - Customers with over $100 thousand in ARR grew 29% year-over-year to 476[10] Cash Flow and Assets - Cash Flow: Net cash used in operations was $18.3 million, or 32% of total revenue, compared to $2.9 million, or 7% of total revenue, in Q1 2021[7] - Cash and cash equivalents decreased to $249,513,000 as of March 31, 2022, down from $276,889,000 at the end of 2021[30] - Total current liabilities increased to $155,474,000 as of March 31, 2022, compared to $141,926,000 at the end of 2021[30] - Deferred revenues rose to $108,282,000 in Q1 2022, up from $86,024,000 at the end of 2021, reflecting growth in future revenue recognition[30] Shareholder Information - The weighted-average shares used in computing net loss per share attributable to ordinary shareholders increased to 83,964,074 in Q1 2022 from 13,995,089 in Q1 2021[29] - The number of shares used in non-GAAP per share calculations was 83,964,074 for Q1 2022, compared to 72,727,164 in Q1 2021[32] Profitability Metrics - GAAP gross profit for Q1 2022 was $43,080,000, up from $31,885,000 in Q1 2021, representing a growth of 35%[32] - Non-GAAP gross profit for Q1 2022 was $44,107,000, compared to $32,062,000 in Q1 2021, indicating a 38% increase[32] - GAAP gross margin improved to 76% in Q1 2022 from 75% in Q1 2021, while Non-GAAP gross margin increased to 78% from 75%[32] - Share-based compensation expense for Q1 2022 was $10,876,000, significantly higher than $3,532,000 in Q1 2021[29] - The company reported an increase in deferred contract acquisition costs to $21,270,000 as of March 31, 2022, compared to $20,405,000 at the end of 2021[30]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 O ...