0001178913-22-001250 | 20-F | XBRL Viewer

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CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
CURRENT ASSETS:
Cash and cash equivalents	$ 276,889	$ 62,328
Short-term deposits	65,478	44,159
Trade receivables, net of allowances of $2,588 and $2,386	37,754	30,859
Prepaid expenses and other assets	28,064	14,595
Short-term restricted deposits	295	184
Total current assets	408,480	152,125
NON-CURRENT ASSETS:
Other assets	36,412	19,565
Long-term restricted deposits	544	2,488
Property and equipment, net	10,885	8,629
Intangible assets, net	1,815	0
Goodwill	1,481	1,481
Total non-current assets	51,137	32,163
TOTAL ASSETS	459,617	184,288
CURRENT LIABILITIES:
Trade payables	6,592	5,513
Employees and payroll accruals	34,648	19,695
Accrued expenses and other liabilities	14,662	9,848
Deferred revenues	86,024	57,467
Total current liabilities	141,926	92,523
NON-CURRENT LIABILITIES:
Deferred revenues	1,288	1,478
Deferred tax liabilities, net	4,795	3,101
Other liabilities	2,097	2,308
Total non-current liabilities	8,180	6,887
TOTAL LIABILITIES	150,106	99,410
COMMITMENTS AND CONTINGENT LIABILITIES
REDEEMABLE NON-CONTROLLING INTEREST	23,901	8,647
CONVERTIBLE PREFERRED SHARES
Of no par value - Authorized: 0 and 59,216,788 shares at December 31, 2021 and 2020 respectively; Issued and outstanding: 0 and 58,724,580 shares at December 31, 2021 and 2020, respectively	0	300,490
SHAREHOLDERS’ EQUITY (DEFICIT):
Ordinary shares of no par value - Authorized: 900,000,000 and 89,631,512 shares at December 31, 2021 and 2020, respectively; Issued and outstanding: 83,754,006 and 13,773,000 shares at December 31, 2021 and 2020, respectively	0	0
Deferred shares of no par value – Authorized: 0 and 4,103,500 shares at December 31, 2021 and 2020, respectively; None issued and outstanding	0	0
Additional paid-in capital	610,193	21,524
Accumulated other comprehensive income	455	131
Accumulated deficit	(325,038)	(245,914)
Total shareholders’ equity (deficit)	285,610	(224,259)
TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST, CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS’ EQUITY (DEFICIT)	$ 459,617	$ 184,288

CONSOLIDATED BALANCE SHEETS (PARENTHETICALS) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Trade receivables, net of allowances	$ 2,588	$ 2,386
Temporary equity, no par value	$ 0	$ 0
Temporary equity, shares authorized	0	59,216,788
Temporary equity, shares issued	0	58,724,580
Temporary equity, shares outstanding	0	58,724,580
Common stock, no par value	$ 0	$ 0
Common stock, shares authorized	900,000,000	89,631,512
Common stock, shares issued	83,754,006	13,773,000
Common stock, shares outstanding	83,754,006	13,773,000
Deferred stock, no par value	$ 0	$ 0
Deferred stock, shares authorized	0	4,103,500
Deferred stock, shares issued	0	0
Deferred stock, shares outstanding	0	0

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues
Total revenues	$ 193,303	$ 148,306	$ 105,129
Cost of revenues
Total cost of revenues	46,657	39,158	30,676
Gross profit	146,646	109,148	74,453
Research and development	48,160	31,560	26,639
Sales and marketing	127,719	87,208	75,004
General and administrative	48,557	33,541	22,095
Total operating expenses	224,436	152,309	123,738
Operating loss	(77,790)	(43,161)	(49,285)
Financial expenses, net	(9)	(156)	474
Loss before income taxes	(77,799)	(43,317)	(48,811)
Income taxes	(2,494)	(1,708)	(1,307)
Net loss	(80,293)	(45,025)	(50,118)
Net loss attributable to non-controlling interest	(1,169)	(1,311)	(696)
Adjustment attributable to non-controlling interest	16,689	5,487	475
Deemed dividend to ordinary shareholders	0	4,569	0
Net loss attributable to WalkMe Ltd.	$ (95,813)	$ (53,770)	$ (49,897)
Net loss per share attributable to WalkMe Ltd. basic and diluted	$ (1.85)	$ (4.07)	$ (4.15)
Weighted-average shares used in computing net loss per share attributable to ordinary shareholders, basic and diluted	51,763,032	13,217,183	12,011,502
Subscription
Revenues
Total revenues	$ 175,328	$ 130,303	$ 94,769
Cost of revenues
Total cost of revenues	24,025	19,141	11,947
Professional services
Revenues
Total revenues	17,975	18,003	10,360
Cost of revenues
Total cost of revenues	$ 22,632	$ 20,017	$ 18,729

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net loss	$ (80,293)	$ (45,025)	$ (50,118)
Other comprehensive income:
Foreign currency translation adjustments	(546)	205	51
Unrealized gain on cash flow hedge	602	0	59
Other comprehensive income	56	205	110
Comprehensive loss	(80,237)	(44,820)	(50,008)
Less comprehensive loss attributable to redeemable non-controlling interest:
Net loss attributable to redeemable non-controlling interest	(1,169)	(1,311)	(696)
Foreign currency translation adjustments attributable to redeemable non-controlling interest	(266)	100	25
Comprehensive loss attributable to redeemable non-controlling interest	(1,435)	(1,211)	(671)
Comprehensive loss attributable to WalkMe Ltd.	$ (78,802)	$ (43,609)	$ (49,337)

CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS' EQUITY (DEFICIT) - USD ($) $ in Thousands	Convertible Preferred Shares	Ordinary shares	Additional paid-in capital	Accumulated other comprehensive income	Accumulated deficit	Total
Beginning balance , convertible preferred share at Dec. 31, 2018	$ 179,895
Beginning balance , convertible preferred share (shares) at Dec. 31, 2018	51,881,022
Balance at Dec. 31, 2018		$ 0	$ 4,519	$ (59)	$ (155,720)	$ (151,260)
Balance (shares) at Dec. 31, 2018		11,645,310
Effect of adopting ASU 2014-09, Revenue from Contracts with Customers (Topic 606), net					7,511	7,511
Issuance of series E-2 preferred shares, net	$ 11,667
Issuance of series E-2 preferred shares, net (shares)	1,089,549
Issuance of series E-3 preferred shares, net	$ 25,558
Issuance of series E-3 preferred shares, net (shares)	1,947,126
Issuance of Series F convertible preferred shares, net	$ 44,875
Issuance of Series F convertible preferred shares, net (shares)	2,051,744
Exercise of share options		$ 835,743	512			512
Share based compensation		0	3,080	0	0	3,080
Other comprehensive income		0	0	85	0	85
Net loss attributable to WalkMe Ltd. including adjustment to redeemable non-controlling interest		0	(475)	0	(49,422)	(49,897)
Ending balance, convertible preferred share at Dec. 31, 2019	$ 261,995
Ending balance, convertible preferred share (shares) at Dec. 31, 2019	56,969,441
Balance at Dec. 31, 2019		$ 0	7,636	26	(197,631)	(189,969)
Balance (shares) at Dec. 31, 2019		12,481,053
Issuance of Series F convertible preferred shares, net	$ 38,495
Issuance of Series F convertible preferred shares, net (shares)	1,755,139
Exercise of share options		$ 0	789	0	0	789
Exercise of share options (shares)		1,291,947
Share based compensation		$ 0	14,017	0	0	14,017
Deemed dividend to ordinary shareholders		0	4,569	0	(4,569)	0
Other comprehensive income		0	0	105	0	105
Net loss attributable to WalkMe Ltd. including adjustment to redeemable non-controlling interest		0	(5,487)	0	(43,714)	(49,201)
Ending balance, convertible preferred share at Dec. 31, 2020	$ 300,490					$ 300,490
Ending balance, convertible preferred share (shares) at Dec. 31, 2020	58,724,580					58,724,580
Balance at Dec. 31, 2020		$ 0	21,524	131	(245,914)	$ (224,259)
Balance (shares) at Dec. 31, 2020		13,773,000
Issuance of Series F convertible preferred shares, net	$ 10,000
Issuance of Series F convertible preferred shares, net (shares)	455,942
Issuance of ordinary shares in connection with asset acquisition			776			776
Issuance of ordinary shares in connection with asset acquisition (shares)		33,150
Conversion of convertible preferred shares to ordinary shares upon initial public offering	$ (310,490)
Conversion of convertible preferred shares to ordinary shares upon initial public offering (shares)	(59,180,522)
Conversion of convertible preferred shares to ordinary shares upon initial public offering		$ 0	310,490	0	0	310,490
Conversion of convertible preferred shares to ordinary shares upon initial public offering (shares)		59,180,522
Issuance of ordinary shares upon initial public offering, net of underwriting discounts and commissions and other issuance costs		$ 0	263,911	0	0	263,911
Issuance of ordinary shares upon initial public offering, net of underwriting discounts and commissions and other issuance costs (shares)		9,250,000
Exercise of share options		$ 0	2,849	0	0	2,849
Exercise of share options (shares)		1,517,334
Share based compensation		$ 0	27,332	0	0	27,332
Other comprehensive income		0		324	0	324
Net loss attributable to WalkMe Ltd. including adjustment to redeemable non-controlling interest		0	(16,689)	0	(79,124)	(95,813)
Ending balance, convertible preferred share at Dec. 31, 2021						$ 0
Ending balance, convertible preferred share (shares) at Dec. 31, 2021						0
Balance at Dec. 31, 2021		$ 0	$ 610,193	$ 455	$ (325,038)	$ 285,610
Balance (shares) at Dec. 31, 2021		83,754,006

CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net loss	$ (80,293)	$ (45,025)	$ (50,118)
Adjustments to reconcile net loss to net cash used in operating activities:
Share-based compensation	27,332	14,017	3,080
Depreciation and amortization	4,773	4,710	3,509
Increase in accrued interest on short-term and long-term deposits	(59)	(189)	(886)
Decrease (increase) in trade receivables, net	(6,976)	1,657	(14,274)
Increase in prepaid expenses and other assets	(29,763)	(6,981)	(13,918)
Increase in trade payables	906	4,450	336
Increase in employees and payroll accruals	15,010	5,003	4,417
Increase (decrease) in accrued expenses and other liabilities	4,574	7,941	(1,563)
Increase in deferred revenues	28,577	5,220	20,139
Deferred taxes, net	1,694	544	734
Net cash used in operating activities	(34,225)	(8,653)	(48,544)
Cash flows from investing activities:
Purchase of intangible assets	(1,338)	0	0
Capitalization of software development costs	(3,912)	(1,530)	(2,015)
Purchase of property and equipment	(2,642)	(822)	(2,463)
Investment in short-term deposits	(66,260)	(44,000)	(14,535)
Proceeds from short-term deposits	45,003	0	23,814
Investment in restricted deposits	(1,298)	0	(1,818)
Proceeds from restricted deposits	2,924	623	539
Net cash used in investing activities	(27,523)	(45,729)	3,522
Cash flows from financing activities:
Proceeds from initial public offering, net of underwriting discounts and commissions and other issuance costs	263,922	0	0
Proceeds from exercise of options	2,867	789	512
Investment from redeemable non-controlling interest	0	2,330	2,237
Issuance of preferred shares, net of issuance costs	10,000	38,495	82,100
Net cash provided by financing activities	276,789	41,614	84,849
Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash	(685)	248	51
Increase (decrease) in cash, cash equivalents and restricted cash	214,356	(12,520)	39,878
Cash, cash equivalents and restricted cash - beginning of year	62,895	75,415	35,537
Cash, cash equivalents and restricted cash - end of year	277,251	62,895	75,415
Supplemental disclosures of cash flow information:
Cash paid for income taxes	365	0	1,260
Supplemental disclosures of noncash investing and financing activities:
Purchase of property and equipment, accrued but not paid	180	191	0
Issuance of ordinary shares in connection with asset acquisition	776	0	0
Conversion of convertible preferred shares	310,490	0	0
Reconciliation of cash, cash equivalents and restricted cash within the consolidated balance sheets to the amounts shown in the consolidated statements of cash flows above:
Cash and cash equivalents	276,889	62,328	74,184
Restricted cash – included in short-term and long-term restricted deposits.	362	567	1,231
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 277,251	$ 62,895	$ 75,415

GENERAL	12 Months Ended
GENERAL	Dec. 31, 2021
General [Abstract]
GENERAL	NOTE 1:- GENERAL WalkMe Ltd. (The "Company") was incorporated under the laws of Israel and commenced its operations on October 26, 2011. The Company provides a cloud-based Digital Adoption Platform that enables organizations to better realize the value of their software investments. The Digital Adoption Platform drives the success of digital transformation initiatives by empowering the Company’s customers with critical business insights to increase software adoption and improve user experiences for their employees and customers. WalkMe Ltd has subsidiaries in the US, Australia, United Kingdom, Singapore, Canada and Japan. Together, WalkMe Ltd., and its subsidiaries, are referred to as the "Company". On June 16, 2021, the Company completed its initial public offering (“IPO”), in which the Company issued and sold 9,250,000 shares of its ordinary shares at an offering price of $31.00 per share. The Company received net proceeds of $263,911 after deducting underwriting discounts and commissions of $18,639, and other issuance costs of $4,200. Immediately prior to the closing of the IPO, all convertible preferred shares then outstanding automatically converted into 59,180,522 ordinary shares.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2:- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States ("U.S. GAAP") as set forth in the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC).

a.	Principles of consolidation:

The consolidated financial statements include accounts of the Company’s wholly-owned subsidiaries as well as the Japanese subsidiary in which the Company controls a majority stake. All intercompany accounts and transactions are eliminated.

b.	Use of estimates:

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Significant items subject to such estimates and assumptions include, but are not limited to income taxes, share-based compensation, deferred contract acquisition costs, capitalized software development costs, as well as in estimates used in applying the revenue recognition policy. The Company's management believes that the estimates, judgment and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities at the dates of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

c.	Foreign currency:

The functional currency of the Company is the U.S. dollar, with the exception of its Japanese subsidiary, for which the Japanese Yen is the functional currency. Accordingly, monetary accounts maintained in currencies other than the U.S. dollar are re-measured into U.S. dollars in accordance with Accounting Standard Codification ("ASC") No. 830 "Foreign Currency Matters." All transaction gains and losses of the re-measured monetary balance sheet items are reflected in the consolidated statements of operations as financial income or expenses, as appropriate.

The financial statements of the Japanese subsidiary are translated to U.S. dollars using the balance sheet date exchange rates for assets and liabilities, historical rates of exchange for equity, and average exchange rates in the period for revenues and expenses. The effects of foreign currency translation adjustments are included in shareholders’ equity (deficit) as a component of accumulated other comprehensive income (loss) in the accompanying consolidated balance sheets.

d.	Cash and cash equivalents:

Cash equivalents are short-term, highly liquid investments that are readily convertible to cash with original maturities of three months or less, at the date acquired. As of December 31, 2021 and 2020, the Company’s cash and cash equivalents consisted of $59,770 and $38,824 of cash held in the Company’s checking accounts and $217,119 and $23,504 bank deposits with maturities of three months or less, respectively.

e.	Short-term bank deposits:

Short-term bank deposits are deposits with maturities of more than three months and less than one year. As of December 31, 2021 and 2020, the Company’s bank deposits are denominated mainly in U.S. dollars and bears yearly interest at weighted average rates of 0.74% and 0.87%. Short-term bank deposits are presented at their cost, including accrued interest.

f.	Restricted deposits:

These deposits are used as security for credit cards, rental of premises and hedging transactions credit line. The Company classifies as long-term, deposits that are in favor of rent agreements, according to the lease agreements’ term.

g.	Fair value of financial instruments:

The accounting guidance for fair value provides a framework for measuring fair value, clarifies the definition of fair value, and expands disclosures regarding fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date.

The accounting guidance establishes a three-tiered hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value as follows:

Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date.

Level 2 Inputs: Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability.

Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at measurement date.

A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.

Cash equivalents, short-term deposits, short-term restricted deposit, trade receivable, trade payable, employee and payroll accruals and accrued expenses are stated at their carrying value, which approximates fair value due to the short time to the expected receipt or payment date.

The Company classifies derivative financial instruments within Level 2 because they are valued using inputs other than quoted prices which are directly or indirectly observable in the market, including readily-available pricing sources for the identical underlying security which may not be actively traded. As of December 31, 2021 the fair value of such derivative totaled to $602. There were no financial instruments measured at fair value as of December 31, 2020.

h.	Concentration of credit Risk:

Financial instruments that potentially subject the Company to credit risk primarily consist of cash and cash equivalents, short-term deposits, restricted deposits and trade receivables. For cash and cash equivalents, the Company is exposed to credit risk in the event of default by the financial institutions to the extent of the amounts recorded on the accompanying consolidated balance sheets exceed federally insured limits. The Company places its cash and cash equivalents and short-term deposits with financial institutions with high-quality credit ratings and has not experienced any losses in such accounts.

For trade receivable, the Company is exposed to credit risk in the event of non-payment by customers to the extent of the amounts recorded on the accompanying consolidated balance sheets.

As of December 31, 2021 and 2020 and for the years ended on these dates, there were no customers represented balance greater than 10% and no customers represented greater amount than 10% of total revenue.

i.	Derivative Financial Instruments

The Company enters into foreign currency forward and option contracts with financial institutions to protect against foreign exchange risks for the exposure to changes in the exchange rate of the New Israeli Shekel (“NIS”) against the U.S. dollar that are associated with forecasted future cash flows and certain current existing assets and liabilities for up to twelve months. The Company’s primary objective in entering into these contracts is to reduce the volatility of earnings and cash flows associated with changes in foreign currency exchange rates. The Company’s derivative instruments expose the Company to credit risk to the extent that the counterparties may be unable to meet the terms of the contract. The Company seeks to mitigate such risk by limiting its counterparties to major financial institutions. In addition, the potential risk of loss resulting from this type of credit risk is monitored on an ongoing basis. The Company does not use derivative instruments for trading or speculative purposes.

The Company accounts for its derivative instruments as either assets or liabilities and carries them at fair value. The accounting for changes in the fair value of a derivative depends on the intended use of the derivative and the resulting designation. Derivative instruments that hedge the exposure to variability in expected future cash flows that are designated as cash flow hedges, are recorded as either prepaid expenses and other assets or accrued expenses and other liabilities in the consolidated balance sheets. The Company records changes in the fair value of these derivatives in accumulated other comprehensive income (loss) in the consolidated balance sheets, until the forecasted transaction occurs.

Upon occurrence, the Company reclassifies the related gain or loss on the derivative to the same financial statement line item in the consolidated statements of operations to which the derivative relates.

As of December 31, 2021 the gross notional amount of the Company’s outstanding foreign currency contracts designated as hedging instruments was $32,797. There were no outstanding contracts as of December 31, 2020.

j.	Trade receivables:

Trade receivables includes billed and unbilled receivables. Trade receivables are recorded at invoiced amounts and do not bear interest. The Company generally does not require collateral and provides for expected losses. The expectation of collectability is based on a review of credit profiles of customers, contractual terms and conditions, current economic trends, and historical payment experience. The Company regularly reviews the adequacy of its allowances by considering the age of each outstanding invoice and the collection history of each customer to determine the appropriate amount of allowances. Trade receivables deemed uncollectible are charged against the allowance for doubtful accounts when identified.

Unbilled trade receivables represent an unconditional right to consideration for the Company’s performance under the customer contract occurs before invoicing to the customer. As of December 31, 2021 and 2020, unbilled trade receivables of $5,477 and $6,265, respectively, was included in trade receivables on the Company’s consolidated balance sheets.

k.	Property and equipment:

Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, at the following annual rates:

		%

Software, computers and peripheral equipment		33
Office furniture and equipment		10-33
Capitalized development costs		33
Leasehold improvement		By the shorter of remaining lease term or estimated useful life

The long-lived assets of the Company are reviewed for impairment in accordance with ASC No. 360, "Property, Plant and Equipment" ("ASC No. 360"), whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. During the years ended December 31, 2021, and 2020 no impairment losses have been identified.

l.	Business combinations:

The Company accountes for business combinations in accordance with ASC 805, "Business Combinations" (“ASC 805”). ASC 805 requires recognition of assets acquired, liabilities assumed, and any non-controlling interest at the acquisition date, measured at their fair values as of that date. Any excess of the fair value of net assets acquired over purchase price is allocated to goodwill and any subsequent changes in estimated contingencies are to be recorded in earnings. Acquisition related costs are expensed to the statement of operations in the period incurred. The Company accounts for a transaction as an asset acquisition when substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets, or otherwise does not meet the definition of a business. Asset acquisition-related direct costs are capitalized as part of the asset or assets acquired.

m.	Goodwill and intangible assets:

Goodwill represents the excess of the purchase price in a business combination over the fair value of net assets acquired. Goodwill is not amortized, but rather the carrying amounts of these assets are assessed for impairment at least annually or whenever events or changes in circumstances indicate that the carrying value of these assets may not be recoverable. Goodwill impairment, if any, is determined by comparing the reporting unit fair value to its carrying value. An impairment loss is recognized in an amount equal to the excess of the reporting unit’s carrying value over its fair value, up to the amount of goodwill allocated to the reporting unit. There was no goodwill impairment for the years ended December 31, 2021 and 2020.

Intangible assets are amortized on a straight-line basis over the estimated useful life of the respective asset. Each period the Company evaluates the estimated remaining useful lives of its intangible assets and whether events or changes in circumstances warrant a revision to the remaining period of amortization.

n.	Severance pay:

All of the Company's liability for severance pay is covered by the provisions of Section 14 of the Israeli Severance Pay Law ("Section 14"). Under Section 14 employees are entitled to monthly deposits, at a rate of 8.33% of their monthly salary, continued on their behalf to their insurance funds. Payments in accordance with Section 14 release the Company from any future severance payments in respect of those employees. As a result, the Company does not recognize any liability for severance pay due to these employees and the deposits under Section 14 are not recorded as an asset in the Company's consolidated balance sheets.

Severance expense for the years ended December 31, 2021, 2020 and 2019 amounted to $3,490, $2,495 and $2,309 respectively.

o.	Contingencies:

The Company accounts for its contingent liabilities in accordance with ASC 450, Contingencies ("ASC 450"). A provision is recorded when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. With respect to legal matters, provisions are reviewed and adjusted to reflect the impact of negotiations, estimated settlements, legal rulings, advice of legal counsel and other information and events pertaining to a particular matter.

p.	Revenue recognition:

The Company recognizes revenue in accordance with ASC Topic 606, Revenue from contracts with customers (“ASC 606”) and determines revenue recognition through the following steps:

	1.	Identification of the contract, or contracts, with a customer;
	2.	Identification of the performance obligations in the contract;
	3.	Determination of the transaction price;
	4.	Allocation of the transaction price to the performance obligations in the contract; and
	5.	Recognition of revenue when, or as, the performance obligations are satisfied.

The Company revenues are comprised from Software-as-a-Service (“SaaS”) subscriptions and professional services. The Company solution, which allow the customer to access its hosted platform over the contract period without taking possession of the platform, provided on a subscription basis, and recognized ratably over the contract period. Professional services revenues are recognized as services are performed.

The Company recognizes revenue when its customer obtains control of promised services in an amount that reflects the consideration that the company expects to receive in exchange for those services.

Subscription services and professional services arrangements are generally non-cancelable and do not allow refunds to customers.

The transaction price is determined based on the consideration to which the Company will be entitled in exchange for transferring goods or services to the customer, excluding taxes assessed by a governmental authority, that are collected by the Company from a customer.

For arrangements with multiple performance obligations, which represent promises within an arrangement that are capable of being distinct, the Company allocates revenue to all distinct performance obligations based on their relative stand-alone selling price (“SSP”). The Company uses judgment in determining the SSP. If the SSP is not observable through standalone transactions, the Company estimates the SSP considering available information such as market segment, number of users, geographic factors, and internally approved pricing guidelines related to the performance obligation.

The Company typically establish SSP range for its products and services, which is reassessed on a periodic basis or when facts and circumstances change.

The Company applied the practical expedient in Topic 606 and did not evaluate contracts of one year or less for the existence of a significant financing component.

q.	Cost to obtain a contract:

As part of its adoption of ASC 606 the Company capitalizes sales commissions and associated payroll taxes paid to sales personnel that are incremental to the acquisition of customer contracts. The provisions of ASC 606 codified and clarified the accounting guidance for contract acquisition costs. The new guidance resulted in the capitalization of additional contract acquisition costs, which are subsequently amortized over the period of benefit which is four years by taking into consideration the length of terms in its customer contracts including expected renewals and churn, life of the technology and other factors. Sales commissions for the renewal of a contract are not considered commensurate with the sales commissions paid for the acquisition of the initial contract given a substantive difference in commission rates in proportion to their respective contract values.

We have applied the practical expedient in ASC 606 to expense costs as incurred for costs to obtain a contract with a customer when the amortization period would have been one year or less.

The Company periodically reviews these deferred contract acquisition costs to determine whether events or changes in circumstances have occurred that could impact the period of benefit. There were no impairment losses recorded during the years ended December 31, 2021 and 2020.

The following table represents a rollforward of deferred contract acquisition costs:

	Year ended December 31,
	2021			2020			2019
Beginning balance	$	29,729		$	20,769		$	9,051
Additions to deferred contract acquisition costs		41,396			17,160			15,732
Amortization of deferred contract acquisition costs		(14,751	)		(8,200	)		(4,014	)
Ending balance	$	56,374		$	29,729		$	20,769
Deferred contract acquisition costs (to be recognized in next 12 months)	$	20,405		$	10,712		$	6,422
Deferred contract acquisition costs, non-current	$	35,969		$	19,017		$	14,347

r.	Deferred revenues and remaining performance obligations:

Deferred revenue primarily consists of billings or payments received in advance of revenue recognition and is recognized as the revenue recognition criteria are met. The Company recognized revenue of $53,570 and $50,569 for the years ended December 31, 2021 and 2020, respectively, that were included in the corresponding contract liability balance at the beginning of the period.

Deferred revenue that is anticipated to be recognized during the succeeding 12-months period is recorded as current deferred revenue and the remaining portion is recorded as non-current deferred revenue. for disaggregation of revenue please refer to note 9.

As of December 31, 2021, the total remaining non-cancellable performance obligations under the Company’s contracts with customers was approximately $316,200. Of this amount, the Company expects to recognize revenue of approximately $178,300, or 56%, over the next 12 months, with the remainder to be recognized thereafter.

s.	Software development costs:

The Company capitalizes qualifying internal use software development costs related to its cloud platform. The costs consist of personnel costs (including related benefits and share-based compensation) that are incurred during the application development stage. Capitalization of costs begins when two criteria are met: (1) the preliminary project stage is completed, and (2) it is probable that the software will be completed and used for its intended function. Capitalization ceases when the software is substantially complete and ready for its intended use, including the completion of all significant testing. Costs related to preliminary project activities and post implementation operating activities are expensed as incurred. Capitalized costs are included in property and equipment, net. These costs are amortized over the estimated useful life of the software, which is three years, on a straight-line basis, which represents the manner in which the expected benefit will be derived. The amortization of costs related to the platform applications is included in cost of revenue in the consolidated statements of operations.

For the years ended December 31, 2021, 2020 and 2019 the Company capitalized a total amount of $3,912, $1,530 and $2,015 respectively.

t.	Research and development:

Research and development costs include personnel-related costs associated with the Company’s engineering, data science, product and design teams as well as consulting and professional fees, for third-party development resources, third-party licenses for software development tools and allocated overhead costs. Research and development are generally expensed as incurred.

u.	Advertising expenses:

Advertising is expensed as incurred. Advertising expense amounted to $18,658, $13,148 and $15,639 for the years ended December 31, 2021, 2020 and 2019, respectively.

v.	Basic and diluted net loss per share:

Basic and diluted net loss per share is computed based on the weighted-average number of shares of ordinary shares outstanding during each year. Diluted loss per share is computed based on the weighted average number of ordinary shares outstanding during the period, plus dilutive potential shares considered outstanding during the period, in accordance with ASC 260-10. Basic and diluted net loss per share of ordinary shares was the same for each period presented as the inclusion of all potential ordinary shares outstanding was anti-dilutive.

w.	Share-based compensation:

The Company accounts for share-based compensation in accordance with ASC 718, "Compensation – Stock Compensation" ("ASC 718"), including share options and restricted share units (RSUs) granted to employees, directors, and non-employees, and share purchase rights granted under the Employee Share Purchase Plan (“ESPP”) to employees, based on the estimated fair value of the awards on the date of grant. The fair value of each share option granted is estimated using the Black-Scholes option-pricing model and for ESPP awards, the Company uses a Monte Carlo option-pricing model. The determination of the grant-date fair value using an option-pricing model is affected by the fair value of the Company’s ordinary share as well as a number of inputs, of which the most significant are the exercise price, volatility and the expected option term. The fair value of each RSU is based on the fair value of the Company’s ordinary shares on the date of grant.

Share-based compensation is generally recognized on a straight-line basis over the requisite service period. Some of the awards granted are subject to certain performance criteria: accordingly compensation expense is recognized for such awards when it becomes probable that the related performance condition will be satisfied. Forfeitures are accounted for in the period in which they occur.

x.	Income taxes:

The Company accounts for income taxes in accordance with ASC 740, "Income Taxes" ("ASC 740"). This standard prescribes the use of the liability method, whereby deferred tax asset and liability accounts balances are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company provides a valuation allowance, if necessary, to reduce deferred tax assets to their estimated realizable value, and if it is more likely than not that some portion of the entire deferred tax asset will not be realized.

The Company accounts for uncertain tax positions in accordance with the provisions of ASC 740-10, "Income Taxes". Accounting guidance addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements, under which a Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position.

The tax benefits recognized in the consolidated financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement.

y.	Recently adopted accounting pronouncements:

As an “emerging growth company”, the Jumpstart Our Business Startups Act (“JOBS Act”) allows the Company to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. The Company has elected to use this extended transition period under the JOBS Act. The adoption dates discussed below reflect this election.

In August 2018, the FASB issued ASU No. 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, which aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The new standard requires capitalized costs to be amortized on a straight-line basis generally over the term of the arrangement, and the financial statement presentation for these capitalized costs would be the same as that of the fees related to the hosting arrangements. The Company adopted this guidance prospectively on January 1, 2021, and the adoption did not have a material impact on its consolidated financial statements.

z.	Accounting pronouncements not yet adopted:

In February 2016, the FASB issued ASU No. 2016-02, Leases, which would require lessees to put all leases on their balance sheets, whether operating or financing, while continuing to recognize the expenses on their income statements in a manner similar to current practice. The guidance states that a lessee would recognize a lease liability for the obligation to make lease payments and a right-to-use asset for the right to use the underlying asset for the lease term. In June 2020, the FASB issued ASU No. 2020-05, Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842): Effective Dates for Certain Entities, which defers the effective date of ASU 2016-02 for non-public entities to fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. The guidance will be effective for the Company beginning January 1, 2022, and interim periods in fiscal years beginning January 1, 2023. The Company is currently evaluating the effect that ASU 2016-02 will have on its consolidated financial statements and related disclosures.

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which replaces the existing incurred loss impairment model with an expected credit loss model and requires a financial asset measured at amortized cost to be presented at the net amount expected to be collected. The guidance will be effective for the Company beginning January 1, 2023, and interim periods therein. Early adoption is permitted. The Company is currently evaluating the effect that ASU 2016-13 will have on its consolidated financial statements and related disclosures.

In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, which simplifies the accounting for income taxes by removing a variety of exceptions within the framework of ASC 740. These exceptions include the exception to the incremental approach for intraperiod tax allocation in the event of a loss from continuing operations and income or a gain from other items (such as other comprehensive income), and the exception to using general methodology for the interim period tax accounting for year-to-date losses that exceed anticipated losses. The guidance will be effective for the Company beginning January 1, 2022, and interim periods in fiscal years beginning January 1, 2023. Early adoption is permitted. The Company is currently evaluating the effect that ASU 2019-12 will have on its consolidated financial statements and related disclosures

REDEEMABLE NON-CONTROLLING INTEREST

12 Months Ended

Dec. 31, 2021

Redeemable Noncontrolling Interest, Equity, Redemption Value [Abstract]

REDEEMABLE NON-CONTROLLING INTEREST

NOTE 3:- REDEEMABLE NON-CONTROLLING INTEREST

In January 2019, the Company entered into an agreement with Japan Cloud Computing, L.P. and M30 LLC (collectively, the “Investors”) to engage in the investment, organization, management, and operation of the Japanese subsidiary that is focused on the distribution of the Company’s products in Japan. As of December 31, 2021, the Company contributed an aggregate amount of approximately $4,750 in cash in exchange for 51% of the outstanding common stock of the Japanese subsidiary. As of December 31, 2021 and 2020, the Company controls a majority stake in the Japanese subsidiary and as a result, the Company consolidated the Japanese subsidiary and all intercompany accounts have been eliminated.

The agreement with the minority investors of the Japanese subsidiary contains redemption features whereby the interest held by the minority investors are redeemable either (i) at the option of the minority investors or (ii) at the option of the Company, both beginning on the eighth anniversary of the initial capital contribution. Should the call or put option be exercised, the redemption value would be determined based on a prescribed formula derived from the discrete revenues of the Japanese subsidiary and the Company's revenues and may be settled, at the Company’s discretion, with Company shares, if the Company is public at that time, or cash.

The balance of the redeemable non-controlling interest is reported at the greater of the initial carrying amount adjusted for the redeemable non-controlling interest’s share of earnings or losses and other comprehensive income or loss, or its estimated redemption value. The resulting changes in the estimated redemption amount (increases or decreases) are recorded with corresponding adjustments against retained earnings or, in the absence of retained earnings, additional paid-in-capital. Since the share redemption feature does not include a share cap these interests are presented on the consolidated balance sheets outside of permanent equity under the caption “Redeemable non-controlling interest”.

The following table summarizes the activity in the redeemable non-controlling interests for the period indicated below:

	Year ended December 31,
	2021			2020			2019

Balance, beginning of period	$	8,647		$	2,041		$	-
Investment by redeemable non-controlling interest		-			2,330			2,237
Net loss attributable to redeemable non-controlling interest		(1,169	)		(1,311	)		(696	)
Adjustment to redeemable non-controlling interest		16,689			5,487			475
Foreign currency translation		(266	)		100			25
Balance, end of period	$	23,901		$	8,647		$	2,041

PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

NOTE 4:- PROPERTY AND EQUIPMENT, NET

	December 31,
	2021		2020
Cost:

Software, computers and peripheral equipment	$	6,388	$	4,369
Office furniture and equipment		883		890
Capitalized development costs		13,795		9,883
Leasehold improvements		3,971		3,914
		25,037		19,056

Accumulated depreciation		14,152		10,427

Depreciated cost	$	10,885	$	8,629

Depreciation expenses were $4,478, $4,666 and $3,208 for the years ended December 31, 2021, 2020 and 2019 respectively.

During 2021 and 2020, the Company recorded a reduction of $753 and $211 respectively, to the cost and accumulated depreciation of fully depreciated equipment and leasehold improvements no longer in use, following an assessment made by the Company.

INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2021

Intangible Assets, Net (Excluding Goodwill) [Abstract]

INTANGIBLE ASSETS, NET

NOTE 5:- INTANGIBLE ASSETS, NET

Acquisition of developed technologies:

On April 15, 2021, the Company acquired the technology of Snow White Labs Ltd. (“Zest”) for a total consideration of $808 consisted from the issuance of 33,150 Company’s ordinary shares with fair value of $776 and the remaining amount was allocated to direct acquisition costs.

On October 4, 2021, the Company acquired the technology of Simpo Ltd. (“Simpo”) for a total consideration of $1,306 in cash.

Both acquisitions were accounted as an asset acquisition in accordance with ASC 805 as substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset. The purchase price was allocated to the developed technology acquired with an estimated useful life of three years.

	December 31,
	2021		2020

Acquired technology	$	3,004	$	890

Accumulated amortization		1,189		890

Depreciated cost	$	1,815	$	-

As of December 31, 2021, the weighted-average remaining useful life of the technology was 2.6 years. The Company recorded $299, $44 and $297 of amortization expense during the years ended December 31, 2021, 2020 and 2019, respectively.

As of December 31, 2021, future amortization expense related to acquired technology was as follows:

Year ended December 31,	Future Amortization expenses
2022	$	704
2023		704
2024		407
	$	1,815

COMMITMENTS AND CONTINGENT LIABILITIES

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENT LIABILITIES

NOTE 6:- COMMITMENTS AND CONTINGENT LIABILITIES

a.	Lease commitments:

The Company rent its facilities under various operating lease agreements, which expire on various dates, the latest of which is in 2025. The minimum rental payments under operating leases as of December 31, 2021, are as follows:

Year ended December 31,	Rental of Premises
2022	$	5,621
2023		5,105
2024		3,107
2025		102
	$	13,935

Total rent expenses for the years ended December 31, 2021, 2020 and 2019 were $5,115, $10,684 and $5,899, respectively. The Decrease in the year ended December 31, 2021 is primarily due to a one-time expense related to the Company’s lease agreements in the U.S.

Sublease:

The U.S. subsidiary has entered into sub-lease agreements, including the same conditions as in the original lease agreement. Total sublease income for the years ended December 31, 2021, 2020 and 2019 were $676, $651 and $542, respectively.

As of December 31, 2021, the expected rental income of the U.S. subsidiary is $174 through March 2022.

c.	Non-cancelable material commitments:

The Company enters into non-cancelable purchase commitments with various parties for mainly hosting services, as well as software products and services in the normal course of business.

As of December 31, 2021, the Company had outstanding non-cancelable purchase commitments as follows:

Year ended December 31,	Total commitments
2022	$	12,931
2023		11,339
2024		1,807
2025		154
	$	26,231

d.	Pledges and bank guarantees:

As of December 31, 2021, The Company pledged bank deposits in the amount of $839 with respect of their office lease.

As of December 31, 2021 The Company and its subsidiaries obtained bank guarantees in the amount of $2,189 in connection with their office lease agreements.

e.	Revolving Credit Facility:

In August 2021, the Company entered into a loan and security agreement with Silicon Valley Bank (SVB) which provides for the Revolving Credit Facility. The Company may borrow, repay and re-borrow funds under the Revolving Credit Facility up to the amount of $50,000 for a period of three years. Interest on borrowings under the revolving credit facility accrues as the greater of the Prime Rate or 3.25%. Pursuant to the terms of the Revolving Credit Facility, the Company are also required to pay an yearly fixed fee of $20 for the availability of this facility. Upon utilization of this credit facility certain covenants may apply according to the Revolving Credit Facility agreement. The Revolving Credit Facility is secured by a fixed and floating first priority blanket lien on all assets of the company as well as a negative pledge on our intellectual property. As of December 31, 2021 this facility remained unutilized.

CONVERTIBLE PREFERRED SHARES, SHAREHOLDERS' EQUITY (DEFICIT) AND EQUITY INCENTIVE PLAN

12 Months Ended

Dec. 31, 2021

Convertible Preferred Shares, Shareholders' Deficit And Equity Incentive Plan [Abstract]

CONVERTIBLE PREFERRED SHARES, SHAREHOLDERS' DEFICIT AND EQUITY INCENTIVE PLAN

NOTE 7:- CONVERTIBLE PREFERRED SHARES, SHAREHOLDERS’ EQUITY (DEFICIT) AND EQUITY INCENTIVE PLAN

a.	Composition of share capital

	December 31, 2021				December 31, 2020
	Authorized		Issued and outstanding		Authorized		Issued and outstanding
	Number of shares no par value
Ordinary shares		900,000,000		83,754,006		89,631,512		13,773,000
Preferred shares		-		-		3,745,298		3,745,298
Preferred shares B-1		-		-		5,815,632		5,815,630
Preferred shares B-2		-		-		788,738		788,738
Preferred shares C		-		-		10,389,120		10,389,120
Preferred shares D		-		-		11,500,000		11,497,425
Preferred shares E		-		-		10,731,000		10,730,904
Preferred shares E-1		-		-		3,472,000		3,471,763
Preferred shares E-2		-		-		4,700,000		4,669,496
Preferred shares E-3		-		-		3,810,000		3,809,323
Preferred shares F		-		-		4,265,000		3,806,883
Deferred shares		-		-		4,103,500		-
Total		900,000,000		83,754,006		152,951,800		72,497,580

b.	Ordinary shares:

Ordinary shares shall confer on their shareholders all rights in the Company, including the right to vote on any matter at any general meeting, with each ordinary share having voting power of one vote for one ordinary share, the right to receive notice of any General Meeting, the right to receive dividends and to participate in any distribution of surplus assets and funds in the Company.

On March 4, 2021, the Company's shareholders approved the change of share capital from NIS 0.01 par value to no par-value. All references to ordinary and convertible preferred shares amounts and per share amounts have been retroactively restated to reflect the change in par value as if it had taken place as of the beginning of the earliest period presented.

In connection with the IPO, the Company’s amended and restated articles of association became effective, which authorized the issuance of 900,000,000 ordinary shares, no par value each.

c.	Convertible preferred shares:

In November 2019, the Company entered into a share purchase agreement with certain investors for a total consideration of $45,000. In addition to the initiall consideration, the share purchase agreement granted the Company the right to execute additional funding requests up to a total amount of $45,000 for a period of 24 months. As of December 31, 2020 the Company executed additional funding in the aggregate amount of $35,000 out of the available $45,000.

On March 25, 2021 the Company executed an additional funding request in the total amount of $10,000, for which 455,942 preferred F shares of no par value each were issued.

Upon completion of the IPO, all convertible preferred shares outstanding, totaling 59,180,522 shares, were automatically converted into an equivalent number of ordinary shares on a one-to-one basis and their carrying value of $310,490 was reclassified into shareholders’ equity.

d.	Share option plan:

The Company’s equity incentive plans provide for granting share options, RSUs and restricted share awards to employees, consultants, officers and directors. Each option granted under the Plan expires no later than 10 years from the date of grant. Options and RSUs vest usually over four years of commencement of employment or services. Any option or RSU which are forfeited or not exercised before expiration, become available for future grants. As of December 31, 2021 and 2020, an aggregate of 7,857,017 and 143,337 ordinary shares of the Company, respectively are still available for future grants.

Share options

A summary of the Company's share option activity (except options to non-employee consultants) under the Plan is as follows:

	Number of options			Weighted average exercise price		Weighted average remaining contractual term (in years)		Aggregate Intrinsic value

Balance as of December 31, 2020		10,378,813		$	3.69		7.5	$	66,024
Granted		6,017,685		$	15.13
Forfeited		(770,172	)	$	10.31
Exercised		(1,465,534	)	$	1.93			$	25,937
Balance as of December 31, 2021		14,160,792		$	8.38		7.67	$	159,366

Exercisable options at end of year		6,166,007		$	3.06		5.96	$	102,142

As of December 31, 2021, there was approximately $74,197 of total unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the Company's share option plan. That cost is expected to be recognized over a weighted-average period of 3.67 years.

The weighted-average grant date fair value of options granted during the years ended December 31, 2021, 2020 and 2019 was $13.31, $5.62 and $0.97, respectively.

As of December 31,2021, there were no outstanding options granted to non-employees. During the year ended December 31, 2021, 50,000 options that were granted to non-employees were exercised.

Under the provisions of ASC 718, the fair value of each option was estimated on the date of grant using the Black & Scholes option valuation model, using the assumptions noted in the following table:

	Year ended December 31,
	2021	2020	2019

Expected volatility	60%	60%	60% - 65%
Expected dividend yield	-	-	-
Expected term (in years)	5-6.55	6.08	5-6.08
Risk free interest	0.49%-1.06%	0.28%-1.45%	1.51%-2.39%

Risk-free interest rates are based on the yield from U.S. Treasury zero-coupon bonds with a term equivalent to the expected term of the options. The expected volatility of the price of such shares is based on an analysis of reported data for a peer group of comparable publicly traded companies which were selected based upon industry similarities. The expected term of options granted represents the period of time that options granted are expected to be outstanding, and is determined based on the simplified method in accordance with ASC No. 718-10-S99-1 (SAB No. 110), as adequate historical experience is not available to provide a reasonable estimate. The dividend yield is based on the Company's historical and future expectation of dividends payouts. Historically, the Company has not paid cash dividends and has no foreseeable plans to pay cash dividends in the future.

Restricted Share Units

	Number of RSUs			Weighted-Average Grant Date Fair Value Per Share

Balance as of December 31, 2020		-			-
Granted		2,532,873		$	26.18
Forfeited		(164,700	)	$	25.72
Exercised		(1,800	)	$	27.34
Balance as of December 31, 2021		2,366,373		$	26.22

As of December 31, 2021, there was approximately $57,244 of unrecognized share-based compensation expense related to unvested RSUs, which is being recognized over a weighted-average period of 3.7 years based on vesting under the award service conditions.

e.	Employee Share Purchase Plan

In June 2021, the Company adopted the 2021 ESPP. Generally, all of the Company’s employees are eligible to participate if they are employed by the Company. The Company’s ESPP permits participants to purchase the Company’s ordinary shares through contributions in the form of payroll deductions or otherwise to the extent permitted by the Company, of up to 15% of their eligible compensation (as defined in the ESPP). Amounts contributed and accumulated by the participant will be used to purchase the Company’s ordinary shares at the end of each offering period. The purchase price of the shares will be 85% of the lower of the fair market value of the Company’s ordinary shares on the first trading day of the offering period or on the exercise date. As of December 31, 2021, a total of 1,824,988 shares were reserved for issuance under the ESPP.

The Company estimated the fair value of ESPP purchase rights using a Monte-Carlo option pricing model with the following assumptions:

	Year ended December 31,
	2021

Expected volatility		41	%
Expected dividend yield		-
Expected term (in years)		0.57
Risk free interest		0.06	%

As of December 31, 2021, there was $452 of unrecognized share-based compensation expense related to the ESPP that is expected to be recognized over an average vesting period of 0.2 years.

f.	Share-based compensation expense by award type was as follows:

	Year ended December 31
	2021		2020		2019
Share options	$	21,359	$	14,017	$	3,080
RSUs		4,842		-		-
ESPP		1,131		-		-
	$	27,332	$	14,017	$	3,080

The share-based compensation expense by line item in the accompanying consolidated statements of operations is summarized as follows:

	Year ended December 31
	2021		2020		2019
Cost of revenues	$	1,804	$	201	$	41
Research and development		3,863		1,596		282
Sales and marketing		8,205		1,105		427
General and administrative		13,460		11,115		2,330
	$	27,332	$	14,017	$	3,080

g.	Third-party share transactions:

During the years ended December 31, 2020 and 2019 the Company facilitated several secondary transactions, in which certain current employees and shareholders, sold a portion of their Ordinary Shares to other shareholders. The Company recorded share-based compensation expenses for the amount realized by the employees in excess of the estimated fair value of their respective shares. In addition, the Company recorded a deemed dividend for the amount paid to other shareholders, in excess of the estimated fair value of their respective shares. The total amount resulted in $8,536 and $1,935 of incremental share-based compensation expense for the years ended December 31, 2020 and 2019, respectively, and $4,569 of deemed dividend for the year ended December 31, 2020.

TAXES ON INCOME

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

TAXES ON INCOME

NOTE 8:- TAXES ON INCOME

a.	Ordinary taxable income in Israel is subject to a corporate tax rate of 23%.

The Company applies various benefits allotted to it under the revised Investment Law as per Amendment 73, which includes a number of changes to the Investment Law regimes through regulations that have come into effect from January 1, 2017. Applicable benefits under the new regime include:

Introduction of a benefit regime for “Preferred Technology Enterprises” (“PTE”), granting a 12% tax rate in central Israel on income deriving from Benefited Intangible Assets, subject to a number of conditions being fulfilled, including a minimal amount or ratio of annual R&D expenditure and R&D employees, as well as having at least 25% of annual income derived from exports to large markets. PTE is defined as an enterprise which meets the aforementioned conditions and for which total consolidated revenues of its parent company and all subsidiaries are less than NIS 10 billion.

•

A 12% capital gains tax rate on the sale of a preferred intangible asset to a foreign affiliated enterprise, provided that the asset was initially purchased from a foreign resident at an amount of NIS 200 million or more.

•

A withholding tax rate of 20% for dividends paid from PTE income (with an exemption from such withholding tax applying to dividends paid to an Israeli company) may be reduced to 4% on dividends paid to a foreign resident company, subject to certain conditions regarding percentage of foreign ownership of the distributing entity.

The Company currently believes it is eligible for the PTE tax benefits.

The Company’s subsidiaries are separately taxed under the local tax laws of the jurisdiction of incorporation of each entity.

b.	Loss before income taxes is comprised as follows:

	Year ended December 31
	2021		2020		2019
Israel	$	68,924	$	38,941	$	48,392
Foreign		8,875		4,376		419
	$	77,799	$	43,317	$	48,811

c.	Income taxes are comprised as follows:

	Year ended December 31
	2021		2020		2019
Current:
Israel	$	103	$	153	$	92
Foreign		697		1,011		481
Total current taxes		800		1,164		573
Deferred:
Israel		-		-		-
Foreign		1,694		544		734
Total deferred taxes		1,694		544		734
Total income taxes	$	2,494	$	1,708	$	1,307

d.	A reconciliation of the Company's theoretical income tax benefit to actual income tax expense is as follows:

	Year ended December 31
	2021			2020			2019

Loss before income taxes	$	77,799		$	43,317		$	48,811
Statutory tax rate		23	%		23	%		23	%
Theoretical income tax benefit	$	(17,894	)	$	(9,963	)	$	(11,302	)
Preferred technology enterprise		7,582			4,284			5,323
Foreign rate differential		(597	)		213			119
Unrecognized tax benefits		3,159			1,272			437
Changes in valuation allowance		7,498			3,827			6,410
Share-based compensation		2,519			1,327			355
Non-deductible expenses		234			790			235
Other		(7	)		(42	)		(270	)
Actual tax expense	$	2,494		$	1,708		$	1,307

e.	The following table presents the significant components of the Company's deferred taxes:

	December 31,
	2021			2020
Deferred tax assets:
Net operating loss carryforwards	$	36,373		$	27,049
Research and development expenses		4,304			3,046
Accruals and reserves		2,541			2,454
Issuance costs		1,827			-
Share-based compensation		1,576			163
Other deferred assets		636			878
Gross deferred tax assets		47,257			33,590
Valuation allowance		(40,019	)		(29,780	)
Total deferred tax assets		7,238			3,810
Deferred tax liabilities:
Deferred contract costs		(11,687	)		(6,294	)
Other deferred tax liabilities		(346	)		(617	)
Gross deferred tax liabilities		(12,033	)		(6,911	)
Net deferred taxes	$	(4,795	)	$	(3,101	)

A valuation allowance is provided when it is more likely than not that the deferred tax assets will not be realized. The Company has established a valuation allowance to offset certain deferred tax assets at December 31, 2021 and 2020 due to the uncertainty of realizing future tax benefits from its net operating loss carryforwards and other deferred tax assets.

f.	Net operating losses carry forward:

As of December 31, 2021, the Company had approximately $248,447 in net operating loss carryforwards in Israel that can be carried forward indefinitely.

As of December 31, 2021, the U.S. subsidiary had $21,707 of federal and $51,121 of state net operating loss carryforwards available to offset future taxable income. If not utilized, the state net operating loss carryforwards will expire in varying amounts between the years ended 2031 and 2041. Federal operating loss carryforwards can be carried forward indefinitely.

g.	Carryback U.S:

On March 27, 2020, the Coronavirus Aid, Relief and Economic Security (“CARES Act”) was signed into law. The CARES Act is a relief package intended to assist many aspects of the U.S. economy of which certain components of the Act impacted the U.S subsidiary’s 2020 income tax provision. Specifically, the CARES Act temporarily reinstated a five-year carryback period for all NOLs generated in the tax years 2018, 2019 and 2020. Therefore, the Company’s NOLs from 2019 were carried back to 2018, 2017 and 2016.

h.	Tax assessments

The Company has net operating losses from prior tax periods which may be subjected to examination in future periods. As of December 31, 2021, the Company’s tax years until December 31, 2016 are subject to statute of limitation in Israel.

As of that date, the U.S. subsidiary’s tax years until December 31, 2016 are subject to statute of limitation in the U.S.

i.	Unrecognized tax benefits

Consistent with the provisions of ASC 740, Income Taxes, the Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized.

Changes in recognition or measurement are reflected in the period in which the change in judgment occurs.

The following table shows the changes in the gross amount of unrecognized tax benefits as of December 31, 2021 and 2020:

	Unrecognized Tax Benefits
Balance – January 1, 2019	$	-
Increases related to current years’ tax positions		437
Balance - December 31, 2019		437
Increases related to prior years’ tax positions		209
Increases related to current years’ tax positions		1,063
Balance - December 31, 2020		1,709
Increases related to prior years’ tax positions		175
Increases related to current years’ tax positions		2,984
Balance - December 31, 2021	$	4,868

As of December 31, 2021, the total amount of gross unrecognized tax benefits that would favorably impact the Company’s effective tax rate, if recognized, was $2,097. The remaining amount of $2,771 would be offset by the reversal of related deferred tax assets which are subject to a full valuation allowance.

The Company recognizes interest and penalties related to unrecognized tax benefits as income tax expense. As of December 31, 2021, the Company has accumulated $78 in both interest and penalties related to uncertain tax positions.

Although the Company believes that it has adequately provided for any reasonably foreseeable outcomes related to tax audits and settlement, there is no assurance that the final tax outcome of its tax audits will not be different from that which is reflected in the Company’s income tax provisions.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

REPORTING SEGMENTS AND GEOGRAPHIC INFORMATION

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

REPORTING SEGMENTS AND GEOGRAPHIC INFORMATION

NOTE 9:- REPORTING SEGMENTS AND GEOGRAPHIC INFORMATION

a.	Operating segments

The Company operates as one operating segment. Operating segments are defined as components of an enterprise for which separate financial information is available and evaluated regularly by the chief operating decision maker, which is the Company’s chief executive officer, in deciding how to make operating decisions, allocate resources and assess performance. The Company’s chief operating decision maker allocates resources and assesses performance at the consolidated level.

b.	Geographical information

The following table summarizes revenue by region based on the shipping address of customers:

	Year ended December 31,
	2021		2020		2019
United States		135,291		105,321		75,072
Rest of world		56,914		42,138		28,687
Israel		1,098		847		1,370
	$	193,303	$	148,306	$	105,129

Other than the United States, no other individual country accounted for 10% or more of total revenue for the years ended December 31, 2021, 2020 and 2019.

The following table summarizes property and equipment, net by region:

	December 31,
	2021		2020
Israel	$	8,829	$	7,244
United States		1,778		1,283
Rest of world		278		102
Total property and equipment, net	$	10,885	$	8,629

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-Name Accounting Standards Codification
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+ Details

NET LOSS PER SHARE ATTRIBUTABLE TO ORDINARY SHAREHOLDERS

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

NET LOSS PER SHARE ATTRIBUTABLE TO ORDINARY SHAREHOLDERS

NOTE 10:- NET LOSS PER SHARE ATTRIBUTABLE TO ORDINARY SHAREHOLDERS

The following table sets forth the computation of basic and diluted net loss per share attributable to ordinary shareholders for the periods presented:

	Year ende December 31,
	2021			2020			2019
Numerator:
Net loss	$	(80,293	)	$	(45,025	)	$	(50,118	)
Net loss attributable to non-controlling interest		(1,169	)		(1,311	)		(696	)
Adjustment attributable to non-controlling interest		16,689			5,487			475
Deemed dividend to ordinary shareholders		-			4,569			-
Net loss attributable to WalkMe Ltd.	$	(95,813	)	$	(53,770	)	$	(49,897	)
Denominator:
Weighted-average shares used in computing net loss per share attributable to ordinary shareholders, basic and diluted		51,763,032			13,217,183			12,011,502
Net loss per share attributable to ordinary shareholders, basic and diluted	$	(1.85	)	$	(4.07	)	$	(4.15	)

The potential shares of ordinary shares that were excluded from the computation of diluted net loss per share attributable to ordinary shareholders for the periods presented because including them would have been anti-dilutive are as follows:

	Year ended December 31,
	2021		2020		2019
Convertible preferred shares		26,972,186		58,724,580		56,969,441
RSU’s		732,157		-		-
Outstanding share options		14,143,816		10,428,813		7,566,875
Total		41,848,159		69,153,393		64,536,316

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Principles of consolidation:

a.	Principles of consolidation:

Use of estimates:

b.	Use of estimates:

Foreign currency:

c.	Foreign currency:

Cash and cash equivalents:

d.	Cash and cash equivalents:

Short-term bank deposits:

e.	Short-term bank deposits:

Restricted deposits:

f.	Restricted deposits:

Fair value of financial instruments:

g.	Fair value of financial instruments:

The accounting guidance establishes a three-tiered hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value as follows:

Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date.

A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.

Concentration of credit Risk:

h.	Concentration of credit Risk:

For trade receivable, the Company is exposed to credit risk in the event of non-payment by customers to the extent of the amounts recorded on the accompanying consolidated balance sheets.

Derivative Financial Instruments

i.	Derivative Financial Instruments

Trade receivables:

j.	Trade receivables:

Property and equipment:

k.	Property and equipment:

		%

Software, computers and peripheral equipment		33
Office furniture and equipment		10-33
Capitalized development costs		33
Leasehold improvement		By the shorter of remaining lease term or estimated useful life

Business combinations:

l.	Business combinations:

Goodwill and intangible assets:

m.	Goodwill and intangible assets:

Severance pay:

n.	Severance pay:

Severance expense for the years ended December 31, 2021, 2020 and 2019 amounted to $3,490, $2,495 and $2,309 respectively.

Contingencies:

o.	Contingencies:

Revenue recognition:

p.	Revenue recognition:

The Company recognizes revenue in accordance with ASC Topic 606, Revenue from contracts with customers (“ASC 606”) and determines revenue recognition through the following steps:

	1.	Identification of the contract, or contracts, with a customer;
	2.	Identification of the performance obligations in the contract;
	3.	Determination of the transaction price;
	4.	Allocation of the transaction price to the performance obligations in the contract; and
	5.	Recognition of revenue when, or as, the performance obligations are satisfied.

The Company recognizes revenue when its customer obtains control of promised services in an amount that reflects the consideration that the company expects to receive in exchange for those services.

Subscription services and professional services arrangements are generally non-cancelable and do not allow refunds to customers.

The Company typically establish SSP range for its products and services, which is reassessed on a periodic basis or when facts and circumstances change.

The Company applied the practical expedient in Topic 606 and did not evaluate contracts of one year or less for the existence of a significant financing component.

Cost to obtain a contract:

q.	Cost to obtain a contract:

We have applied the practical expedient in ASC 606 to expense costs as incurred for costs to obtain a contract with a customer when the amortization period would have been one year or less.

The following table represents a rollforward of deferred contract acquisition costs:

	Year ended December 31,
	2021			2020			2019
Beginning balance	$	29,729		$	20,769		$	9,051
Additions to deferred contract acquisition costs		41,396			17,160			15,732
Amortization of deferred contract acquisition costs		(14,751	)		(8,200	)		(4,014	)
Ending balance	$	56,374		$	29,729		$	20,769
Deferred contract acquisition costs (to be recognized in next 12 months)	$	20,405		$	10,712		$	6,422
Deferred contract acquisition costs, non-current	$	35,969		$	19,017		$	14,347

Deferred revenues and remaining performance obligations:

r.	Deferred revenues and remaining performance obligations:

Software development costs:

s.	Software development costs:

For the years ended December 31, 2021, 2020 and 2019 the Company capitalized a total amount of $3,912, $1,530 and $2,015 respectively.

Research and development:

t.	Research and development:

Advertising expenses:

u.	Advertising expenses:

Advertising is expensed as incurred. Advertising expense amounted to $18,658, $13,148 and $15,639 for the years ended December 31, 2021, 2020 and 2019, respectively.

Basic and diluted net loss per share:

v.	Basic and diluted net loss per share:

Share-based compensation:

w.	Share-based compensation:

Income taxes:

x.	Income taxes:

Recently adopted accounting pronouncements:

y.	Recently adopted accounting pronouncements:

Accounting pronouncements not yet adopted:

z.	Accounting pronouncements not yet adopted:

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of property and equipment depreciation rates

		%

Software, computers and peripheral equipment		33
Office furniture and equipment		10-33
Capitalized development costs		33
Leasehold improvement		By the shorter of remaining lease term or estimated useful life

Schedule of deferred contract acquisition costs

	Year ended December 31,
	2021			2020			2019
Beginning balance	$	29,729		$	20,769		$	9,051
Additions to deferred contract acquisition costs		41,396			17,160			15,732
Amortization of deferred contract acquisition costs		(14,751	)		(8,200	)		(4,014	)
Ending balance	$	56,374		$	29,729		$	20,769
Deferred contract acquisition costs (to be recognized in next 12 months)	$	20,405		$	10,712		$	6,422
Deferred contract acquisition costs, non-current	$	35,969		$	19,017		$	14,347

REDEEMABLE NON-CONTROLLING INTEREST (Tables)

12 Months Ended

Dec. 31, 2021

Redeemable Noncontrolling Interest, Equity, Redemption Value [Abstract]

Schedule of redeemable non-controlling interests

	Year ended December 31,
	2021			2020			2019

Balance, beginning of period	$	8,647		$	2,041		$	-
Investment by redeemable non-controlling interest		-			2,330			2,237
Net loss attributable to redeemable non-controlling interest		(1,169	)		(1,311	)		(696	)
Adjustment to redeemable non-controlling interest		16,689			5,487			475
Foreign currency translation		(266	)		100			25
Balance, end of period	$	23,901		$	8,647		$	2,041

PROPERTY AND EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Schedule of property and equipment, net

	December 31,
	2021		2020
Cost:

Software, computers and peripheral equipment	$	6,388	$	4,369
Office furniture and equipment		883		890
Capitalized development costs		13,795		9,883
Leasehold improvements		3,971		3,914
		25,037		19,056

Accumulated depreciation		14,152		10,427

Depreciated cost	$	10,885	$	8,629

INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2021

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule of developed technology acquired with an estimated useful life

	December 31,
	2021		2020

Acquired technology	$	3,004	$	890

Accumulated amortization		1,189		890

Depreciated cost	$	1,815	$	-

Schedule of future amortization expense

Year ended December 31,	Future Amortization expenses
2022	$	704
2023		704
2024		407
	$	1,815

COMMITMENTS AND CONTINGENT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Schedule of minimum rental payments under operating leases

Year ended December 31,	Rental of Premises
2022	$	5,621
2023		5,105
2024		3,107
2025		102
	$	13,935

Schedule of minimum payments under non-cancelable purchase commitments

Year ended December 31,	Total commitments
2022	$	12,931
2023		11,339
2024		1,807
2025		154
	$	26,231

CONVERTIBLE PREFERRED SHARES, SHAREHOLDERS' EQUITY (DEFICIT) AND EQUITY INCENTIVE PLAN (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of composition of share capital

	December 31, 2021				December 31, 2020
	Authorized		Issued and outstanding		Authorized		Issued and outstanding
	Number of shares no par value
Ordinary shares		900,000,000		83,754,006		89,631,512		13,773,000
Preferred shares		-		-		3,745,298		3,745,298
Preferred shares B-1		-		-		5,815,632		5,815,630
Preferred shares B-2		-		-		788,738		788,738
Preferred shares C		-		-		10,389,120		10,389,120
Preferred shares D		-		-		11,500,000		11,497,425
Preferred shares E		-		-		10,731,000		10,730,904
Preferred shares E-1		-		-		3,472,000		3,471,763
Preferred shares E-2		-		-		4,700,000		4,669,496
Preferred shares E-3		-		-		3,810,000		3,809,323
Preferred shares F		-		-		4,265,000		3,806,883
Deferred shares		-		-		4,103,500		-
Total		900,000,000		83,754,006		152,951,800		72,497,580

Schedule of share option activity

	Number of options			Weighted average exercise price		Weighted average remaining contractual term (in years)		Aggregate Intrinsic value

Balance as of December 31, 2020		10,378,813		$	3.69		7.5	$	66,024
Granted		6,017,685		$	15.13
Forfeited		(770,172	)	$	10.31
Exercised		(1,465,534	)	$	1.93			$	25,937
Balance as of December 31, 2021		14,160,792		$	8.38		7.67	$	159,366

Exercisable options at end of year		6,166,007		$	3.06		5.96	$	102,142

Schedule of share-based payment arrangement, restricted stock

	Number of RSUs			Weighted-Average Grant Date Fair Value Per Share

Balance as of December 31, 2020		-			-
Granted		2,532,873		$	26.18
Forfeited		(164,700	)	$	25.72
Exercised		(1,800	)	$	27.34
Balance as of December 31, 2021		2,366,373		$	26.22

Schedule of share-based compensation expense by award type

	Year ended December 31
	2021		2020		2019
Share options	$	21,359	$	14,017	$	3,080
RSUs		4,842		-		-
ESPP		1,131		-		-
	$	27,332	$	14,017	$	3,080

Schedule of share-based compensation expense

	Year ended December 31
	2021		2020		2019
Cost of revenues	$	1,804	$	201	$	41
Research and development		3,863		1,596		282
Sales and marketing		8,205		1,105		427
General and administrative		13,460		11,115		2,330
	$	27,332	$	14,017	$	3,080

Share options

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of black-Scholes assumptions used to value employee options

	Year ended December 31,
	2021	2020	2019

Expected volatility	60%	60%	60% - 65%
Expected dividend yield	-	-	-
Expected term (in years)	5-6.55	6.08	5-6.08
Risk free interest	0.49%-1.06%	0.28%-1.45%	1.51%-2.39%

Employee Share Purchase Plan

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of black-Scholes assumptions used to value employee options

	Year ended December 31,
	2021

Expected volatility		41	%
Expected dividend yield		-
Expected term (in years)		0.57
Risk free interest		0.06	%

TAXES ON INCOME (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of income before taxes on income

	Year ended December 31
	2021		2020		2019
Israel	$	68,924	$	38,941	$	48,392
Foreign		8,875		4,376		419
	$	77,799	$	43,317	$	48,811

Schedule of provision for income taxes

	Year ended December 31
	2021		2020		2019
Current:
Israel	$	103	$	153	$	92
Foreign		697		1,011		481
Total current taxes		800		1,164		573
Deferred:
Israel		-		-		-
Foreign		1,694		544		734
Total deferred taxes		1,694		544		734
Total income taxes	$	2,494	$	1,708	$	1,307

Schedule of effective income tax rate reconciliation

	Year ended December 31
	2021			2020			2019

Loss before income taxes	$	77,799		$	43,317		$	48,811
Statutory tax rate		23	%		23	%		23	%
Theoretical income tax benefit	$	(17,894	)	$	(9,963	)	$	(11,302	)
Preferred technology enterprise		7,582			4,284			5,323
Foreign rate differential		(597	)		213			119
Unrecognized tax benefits		3,159			1,272			437
Changes in valuation allowance		7,498			3,827			6,410
Share-based compensation		2,519			1,327			355
Non-deductible expenses		234			790			235
Other		(7	)		(42	)		(270	)
Actual tax expense	$	2,494		$	1,708		$	1,307

Schedule of deferred tax assets and liabilities

	December 31,
	2021			2020
Deferred tax assets:
Net operating loss carryforwards	$	36,373		$	27,049
Research and development expenses		4,304			3,046
Accruals and reserves		2,541			2,454
Issuance costs		1,827			-
Share-based compensation		1,576			163
Other deferred assets		636			878
Gross deferred tax assets		47,257			33,590
Valuation allowance		(40,019	)		(29,780	)
Total deferred tax assets		7,238			3,810
Deferred tax liabilities:
Deferred contract costs		(11,687	)		(6,294	)
Other deferred tax liabilities		(346	)		(617	)
Gross deferred tax liabilities		(12,033	)		(6,911	)
Net deferred taxes	$	(4,795	)	$	(3,101	)

Schedule of changes in gross amount of unrecognized tax benefits

	Unrecognized Tax Benefits
Balance – January 1, 2019	$	-
Increases related to current years’ tax positions		437
Balance - December 31, 2019		437
Increases related to prior years’ tax positions		209
Increases related to current years’ tax positions		1,063
Balance - December 31, 2020		1,709
Increases related to prior years’ tax positions		175
Increases related to current years’ tax positions		2,984
Balance - December 31, 2021	$	4,868

REPORTING SEGMENTS AND GEOGRAPHIC INFORMATION (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of revenue by region

	Year ended December 31,
	2021		2020		2019
United States		135,291		105,321		75,072
Rest of world		56,914		42,138		28,687
Israel		1,098		847		1,370
	$	193,303	$	148,306	$	105,129

Schedule of property and equipment, net by region

	December 31,
	2021		2020
Israel	$	8,829	$	7,244
United States		1,778		1,283
Rest of world		278		102
Total property and equipment, net	$	10,885	$	8,629

NET LOSS PER SHARE ATTRIBUTABLE TO ORDINARY SHAREHOLDERS (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Schedule of basic and diluted net loss per share

	Year ende December 31,
	2021			2020			2019
Numerator:
Net loss	$	(80,293	)	$	(45,025	)	$	(50,118	)
Net loss attributable to non-controlling interest		(1,169	)		(1,311	)		(696	)
Adjustment attributable to non-controlling interest		16,689			5,487			475
Deemed dividend to ordinary shareholders		-			4,569			-
Net loss attributable to WalkMe Ltd.	$	(95,813	)	$	(53,770	)	$	(49,897	)
Denominator:
Weighted-average shares used in computing net loss per share attributable to ordinary shareholders, basic and diluted		51,763,032			13,217,183			12,011,502
Net loss per share attributable to ordinary shareholders, basic and diluted	$	(1.85	)	$	(4.07	)	$	(4.15	)

Schedule of antidilutive ordinary shares excluded from computation of earnings per share

	Year ended December 31,
	2021		2020		2019
Convertible preferred shares		26,972,186		58,724,580		56,969,441
RSU’s		732,157		-		-
Outstanding share options		14,143,816		10,428,813		7,566,875
Total		41,848,159		69,153,393		64,536,316

GENERAL (Detail Textuals) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	12 Months Ended
	Jun. 16, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Subsidiary, Sale of Stock [Line Items]
Amount of initial public offering		$ 263,922	$ 0	$ 0
Initial public offering (“IPO”) [Member]
Subsidiary, Sale of Stock [Line Items]
Number of shares issued under initial public offering	9,250,000
Amount of initial public offering	$ 263,911
Offering price	$ 31.00
Deducting underwriting discounts and commissions	$ 18,639
Other issuance costs	$ 4,200
Number of convertible preferred shares converted to ordinary shares	59,180,522

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Dec. 31, 2021
Software, computers and peripheral equipment
Property, Plant and Equipment [Line Items]
Depreciation annual rates	0.33
Office furniture and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Depreciation annual rates	0.33
Office furniture and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Depreciation annual rates	0.10
Capitalized development costs
Property, Plant and Equipment [Line Items]
Depreciation annual rates	0.33
Leasehold improvement
Property, Plant and Equipment [Line Items]
Estimated useful lives	By the shorter of remaininglease term or estimated useful life

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Beginning balance	$ 29,729	$ 20,769	$ 9,051
Additions to deferred contract acquisition costs	41,396	17,160	15,732
Amortization of deferred contract acquisition costs	(14,751)	(8,200)	(4,014)
Ending balance	56,374	29,729	20,769
Deferred contract acquisition costs (to be recognized in next 12 months)	20,405	10,712	6,422
Deferred contract acquisition costs, non-current	$ 35,969	$ 19,017	$ 14,347

- Definition

Amount of amortization expense (reversal of expense) for deferred policy acquisition costs.

+ References + Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Cash held in checking accounts	$ 59,770	$ 38,824
Bank deposits with maturities	$ 217,119	$ 23,504
Short-term bank deposits weighted average rates	0.74%	0.87%
Fair value of derivative	$ 602
Concentration risk, customer	10%
Concentration risk, revenue		10%
Foreign currency contracts designated as hedging instruments	$ 32,797
Unbilled trade receivables	$ 5,477	$ 6,265
Percentage of monthly salary deposit to insurance funds	8.33%
Severance expense	$ 3,490	2,495	$ 2,309
Recognize revenue, amount	53,570	50,569
Non-cancellable performance obligations	316,200
Expected recognize revenue	$ 178,300
Percentage of performance obligation recognized in next 12 months	56.00%
Costs of development of software programs	$ 3,912	1,530	2,015
Advertising expenses	$ 18,658	$ 13,148	$ 15,639

REDEEMABLE NON-CONTROLLING INTEREST (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Redeemable Noncontrolling Interest, Equity, Redemption Value [Abstract]
Balance	$ 8,647	$ 2,041	$ 0
Investment by redeemable non-controlling interest	0	2,330	2,237
Net loss attributable to redeemable non-controlling interest	(1,169)	(1,311)	(696)
Adjustment to redeemable non-controlling interest	16,689	5,487	475
Foreign currency translation	(266)	100	25
Balance	$ 23,901	$ 8,647	$ 2,041

REDEEMABLE NON-CONTROLLING INTEREST (Detail Textuals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Redeemable Noncontrolling Interest [Line Items]
Cash	$ 59,770	$ 38,824
Japan Cloud Computing, L.P. and M30 LLC [Member]
Redeemable Noncontrolling Interest [Line Items]
Payments to acquire redeemable noncontrolling interest	$ 4,750	$ 4,750
Ownership percentage held by parent company	51.00%	51.00%

PROPERTY AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property and equipment, Gross	$ 25,037	$ 19,056
Accumulated depreciation	14,152	10,427
Depreciated cost	10,885	8,629
Software, computers and peripheral equipment
Property, Plant and Equipment [Line Items]
Property and equipment, Gross	6,388	4,369
Office furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, Gross	883	890
Capitalized development costs
Property, Plant and Equipment [Line Items]
Property and equipment, Gross	13,795	9,883
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, Gross	$ 3,971	$ 3,914

PROPERTY AND EQUIPMENT, NET (Detail Textuals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Depreciation	$ 4,478	$ 4,666	$ 3,208
Reduction in cost and accumulated depreciation of fully depreciated equipment and leasehold improvements no longer in use	$ 753	$ 211

INTANGIBLE ASSETS, NET (Details) - USD ($) $ in Thousands	12 Months Ended
INTANGIBLE ASSETS, NET (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Acquired technology	$ 3,004	$ 890
Accumulated amortization	1,189	890
Depreciated cost	$ 1,815	$ 0

INTANGIBLE ASSETS, NET (Details 1) $ in Thousands	Dec. 31, 2021 USD ($)
Intangible Assets, Net (Excluding Goodwill) [Abstract]
2022	$ 704
2023	704
2024	407
Total future amortization expense	$ 1,815

INTANGIBLE ASSETS, NET (Detail Textuals) - USD ($) $ in Thousands		1 Months Ended	12 Months Ended
	Oct. 04, 2021	Apr. 15, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			2 years 7 months 6 days
Amortization expense			$ 299	$ 44	$ 297
Snow White Labs Ltd [Member]
Finite-Lived Intangible Assets [Line Items]
Business Combination, Consideration Transferred		$ 808
Ordinary shares and direct acquisition costs		33,150
Fair value of ordinary shares		$ 776
Simpo Ltd [Member]
Finite-Lived Intangible Assets [Line Items]
Business Combination, Consideration Transferred	$ 1,306

COMMITMENTS AND CONTINGENT LIABILITIES (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2022	$ 5,621
2023	5,105
2024	3,107
2025	102
Lessee, Operating Lease, Liability, to be Paid, Total	$ 13,935

COMMITMENTS AND CONTINGENT LIABILITIES (Details 1) $ in Thousands	Dec. 31, 2021 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2022	$ 12,931
2023	11,339
2024	1,807
2025	154
Total outstanding non-cancelable purchase commitments	$ 26,231

COMMITMENTS AND CONTINGENT LIABILITIES (Detail Textuals) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Aug. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Rent expenses		$ 5,115	$ 10,684	$ 5,899
Sublease Income		676	$ 651	$ 542
Rental income		174
Office rent agreement
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Pledged bank deposits		839
Office lease agreement
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Bank guarantees related to lease agreements		$ 2,189
Loan and security agreement \| Revolving Credit Facility
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Maximum amount of borrow, repay and re-borrow	$ 50,000
Expiration period	3 years
Interest on borrowings	Prime Rate or 3.25%
Yearly fixed fee payment	$ 20

CONVERTIBLE PREFERRED SHARES, SHAREHOLDERS' EQUITY (DEFICIT) AND EQUITY INCENTIVE PLAN (Details) - shares	Dec. 31, 2021	Mar. 25, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Common Stock, Shares Authorized	900,000,000		89,631,512
Common Stock, Shares, Issued	83,754,006		13,773,000
Common Stock, Shares, Outstanding	83,754,006		13,773,000
Convertible preferred shares authorized	0		59,216,788
Convertible preferred shares issued	0		58,724,580
Convertible preferred shares outstanding	0	59,180,522	58,724,580
Deferred Stock Shares Authorized	0		4,103,500
Deferred Stock Shares Issued	0		0
Deferred Stock Shares Outstanding	0		0
Total Authorized	900,000,000		152,951,800
Total Issued	83,754,006		72,497,580
Total outstanding	83,754,006		72,497,580
Ordinary shares
Class of Stock [Line Items]
Common Stock, Shares Authorized	900,000,000		89,631,512
Common Stock, Shares, Issued	83,754,006		13,773,000
Common Stock, Shares, Outstanding	83,754,006		13,773,000
Preferred shares
Class of Stock [Line Items]
Convertible preferred shares authorized	0		3,745,298
Convertible preferred shares issued	0		3,745,298
Convertible preferred shares outstanding	0		3,745,298
Preferred shares B-1
Class of Stock [Line Items]
Convertible preferred shares authorized	0		5,815,632
Convertible preferred shares issued	0		5,815,630
Convertible preferred shares outstanding	0		5,815,630
Preferred shares B-2
Class of Stock [Line Items]
Convertible preferred shares authorized	0		788,738
Convertible preferred shares issued	0		788,738
Convertible preferred shares outstanding	0		788,738
Preferred shares C
Class of Stock [Line Items]
Convertible preferred shares authorized	0		10,389,120
Convertible preferred shares issued	0		10,389,120
Convertible preferred shares outstanding	0		10,389,120
Preferred shares D
Class of Stock [Line Items]
Convertible preferred shares authorized	0		11,500,000
Convertible preferred shares issued	0		11,497,425
Convertible preferred shares outstanding	0		11,497,425
Preferred shares E
Class of Stock [Line Items]
Convertible preferred shares authorized	0		10,731,000
Convertible preferred shares issued	0		10,730,904
Convertible preferred shares outstanding	0		10,730,904
Preferred shares E-1
Class of Stock [Line Items]
Convertible preferred shares authorized	0		3,472,000
Convertible preferred shares issued	0		3,471,763
Convertible preferred shares outstanding	0		3,471,763
Preferred shares E-2
Class of Stock [Line Items]
Convertible preferred shares authorized	0		4,700,000
Convertible preferred shares issued	0		4,669,496
Convertible preferred shares outstanding	0		4,669,496
Preferred shares E-3
Class of Stock [Line Items]
Convertible preferred shares authorized	0		3,810,000
Convertible preferred shares issued	0		3,809,323
Convertible preferred shares outstanding	0		3,809,323
Preferred shares F
Class of Stock [Line Items]
Convertible preferred shares authorized	0		4,265,000
Convertible preferred shares issued	0		3,806,883
Convertible preferred shares outstanding	0		3,806,883
Deferred shares
Class of Stock [Line Items]
Deferred Stock Shares Authorized	0		4,103,500
Deferred Stock Shares Issued	0		0
Deferred Stock Shares Outstanding	0		0

CONVERTIBLE PREFERRED SHARES, SHAREHOLDERS' EQUITY (DEFICIT) AND EQUITY INCENTIVE PLAN (Details 1) - Share option plan - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Number of options
Beginning Balance	10,378,813
Granted	6,017,685
Forfeited	(770,172)
Exercised	(1,465,534)
Ending Balance	14,160,792	10,378,813
Exercisable options	6,166,007
Weighted average exercise price
Beginning Balance	$ 3.69
Granted	15.13
Forfeited	10.31
Exercised	1.93
Ending Balance	8.38	$ 3.69
Exercisable options	$ 3.06
Weighted average remaining contractual term (in years)	7 years 8 months 1 day	7 years 6 months
Weighted average remaining contractual term (in years) - Exercisable options	5 years 11 months 15 days
Aggregate Intrinsic value
Balance	$ 159,366	$ 66,024
Exercised	25,937
Aggregate Intrinsic value - Exercisable options	$ 102,142

CONVERTIBLE PREFERRED SHARES, SHAREHOLDERS' EQUITY (DEFICIT) AND EQUITY INCENTIVE PLAN (Details 2) - Share option plan	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	60.00%	60.00%
Expected dividend yield	0.00%	0.00%	0.00%
Expected term (in years)		6 years 29 days
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility			60.00%
Expected term (in years)	5 years		5 years
Risk free interest	0.49%	0.28%	1.51%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility			65.00%
Expected term (in years)	6 years 6 months 18 days		6 years 29 days
Risk free interest	1.06%	1.45%	2.39%

CONVERTIBLE PREFERRED SHARES, SHAREHOLDERS' EQUITY (DEFICIT) AND EQUITY INCENTIVE PLAN (Details 3) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Granted	$ 13.31	$ 5.62	$ 0.97
RSU’s
Number of RSUs
Opening balance	0
Granted	2,532,873
Forfeited	(164,700)
Exercised	(1,800)
Closing balance	2,366,373	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Opening balance	$ 0
Granted	26.18
Forfeited	25.72
Exercised	27.34
Closing balance	$ 26.22	$ 0

CONVERTIBLE PREFERRED SHARES, SHAREHOLDERS' EQUITY (DEFICIT) AND EQUITY INCENTIVE PLAN (Details 4) - Employee Share Purchase Plan	12 Months Ended
	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	41.00%
Expected dividend yield	0.00%
Expected term (in years)	6 months 25 days
Risk free interest	0.06%

CONVERTIBLE PREFERRED SHARES, SHAREHOLDERS' EQUITY (DEFICIT) AND EQUITY INCENTIVE PLAN (Details 5) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 27,332	$ 14,017	$ 3,080
Share options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	21,359	14,017	3,080
RSU’s
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	4,842	0	0
ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 1,131	$ 0	$ 0

CONVERTIBLE PREFERRED SHARES, SHAREHOLDERS' EQUITY (DEFICIT) AND EQUITY INCENTIVE PLAN (Details 6) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	$ 27,332	$ 14,017	$ 3,080
Share option plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	27,332	14,017	3,080
Cost of revenues \| Share option plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	1,804	201	41
Research and development \| Share option plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	3,863	1,596	282
Sales and marketing \| Share option plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	8,205	1,105	427
General and administrative \| Share option plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	$ 13,460	$ 11,115	$ 2,330

CONVERTIBLE PREFERRED SHARES, SHAREHOLDERS' EQUITY (DEFICIT) AND EQUITY INCENTIVE PLAN (Detail Textuals) $ / shares in Units, $ in Thousands	1 Months Ended		3 Months Ended	12 Months Ended
	Mar. 25, 2021 USD ($) shares	Nov. 30, 2019 USD ($)	Mar. 31, 2021	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($) $ / shares shares	Dec. 31, 2019 USD ($) $ / shares	Mar. 04, 2021 ₪ / shares
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Common stock, par value \| ₪ / shares							₪ 0.01
Common stock, shares authorized				900,000,000	89,631,512
Amount of initial public offering \| $				$ 263,922	$ 0	$ 0
Amount of preferred stock liquidation preference \| $	$ 310,490
Convertible preferred shares issued				0	58,724,580
Convertible preferred shares outstanding	59,180,522			0	58,724,580
Preferred Stock, Convertible, Terms	an equivalent number of ordinary shares on a one-to-one
Preferred stock, no par value \| $ / shares				$ 0	$ 0
Number of ordinary shares available for grant				7,857,017	143,337
Expiration period of options granted			10 years
Vesting period of options			4 years
Unrecognized compensation cost \| $				$ 74,197
Period of weighted-average non-vested share-based compensation arrangements				3 years 8 months 1 day
Weighted-average grant date fair value of options granted \| $ / shares				$ 13.31	$ 5.62	$ 0.97
Exercise of options granted to non-employees				50,000
Incremental share-based compensation expense \| $					$ 8,536	$ 1,935
Deemed dividend to ordinary shareholders \| $				$ 0	$ 4,569	$ 0
Restricted Share Units
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Stock compensation expenses related to employees \| $				$ 57,244
Period of weighted-average non-vested share-based compensation arrangements				3 years 8 months 12 days
Weighted-average grant date fair value of options granted \| $ / shares				$ 26.18
Employee Share Purchase Plan
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Unrecognized compensation cost \| $				$ 452
Period of weighted-average non-vested share-based compensation arrangements				2 months 12 days
Reserved for issuance of employee stock purchase plan				1,824,988
Share purchase agreement
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Total amount of consideration of convertible preferred stock \| $		$ 45,000
Total amount of funding requests \| $		$ 35,000
Preferred shares F
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Convertible preferred shares issued				0	3,806,883
Convertible preferred shares outstanding				0	3,806,883
Preferred shares F \| Share purchase agreement
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Convertible preferred shares issued	455,942
Consideration of convertible preferred stock \| $	$ 10,000
Preferred shares E-3
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Convertible preferred shares issued				0	3,809,323
Convertible preferred shares outstanding				0	3,809,323
Preferred shares E-2
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Convertible preferred shares issued				0	4,669,496
Convertible preferred shares outstanding				0	4,669,496
Preferred shares E-1
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Convertible preferred shares issued				0	3,471,763
Convertible preferred shares outstanding				0	3,471,763
Preferred shares E
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Convertible preferred shares issued				0	10,730,904
Convertible preferred shares outstanding				0	10,730,904
Preferred shares D
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Convertible preferred shares issued				0	11,497,425
Convertible preferred shares outstanding				0	11,497,425
Preferred shares C
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Convertible preferred shares issued				0	10,389,120
Convertible preferred shares outstanding				0	10,389,120
Preferred shares B-2
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Convertible preferred shares issued				0	788,738
Convertible preferred shares outstanding				0	788,738
Preferred shares B-1
Convertible Preferred Shares Shareholders Deficit And Equity Incentive Plan [Line Items]
Convertible preferred shares issued				0	5,815,630
Convertible preferred shares outstanding				0	5,815,630

TAXES ON INCOME (Details) - USD ($) $ in Thousands	12 Months Ended
TAXES ON INCOME (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Israel	$ 68,924	$ 38,941	$ 48,392
Foreign	8,875	4,376	419
Loss before income taxes	$ 77,799	$ 43,317	$ 48,811

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

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+ Details

TAXES ON INCOME (Details 1) - USD ($) $ in Thousands	12 Months Ended
TAXES ON INCOME (Details 1) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Line Items]
Total current taxes	$ 800	$ 1,164	$ 573
Total deferred taxes	1,694	544	734
Total income taxes	2,494	1,708	1,307
Domestic
Income Tax Disclosure [Line Items]
Total current taxes	103	153	92
Total deferred taxes	0	0	0
Foreign
Income Tax Disclosure [Line Items]
Total current taxes	697	1,011	481
Total deferred taxes	$ 1,694	$ 544	$ 734

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

TAXES ON INCOME (Details 2) - USD ($) $ in Thousands	12 Months Ended
TAXES ON INCOME (Details 2) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Loss before income taxes	$ 77,799	$ 43,317	$ 48,811
Statutory tax rate	23.00%	23.00%	23.00%
Theoretical income tax benefit	$ (17,894)	$ (9,963)	$ (11,302)
Preferred technology enterprise	7,582	4,284	5,323
Foreign rate differential	(597)	213	119
Unrecognized tax benefits	3,159	1,272	437
Changes in valuation allowance	7,498	3,827	6,410
Share-based compensation	2,519	1,327	355
Non-deductible expenses	234	790	235
Other	(7)	(42)	(270)
Actual tax expense	$ 2,494	$ 1,708	$ 1,307

TAXES ON INCOME (Details 3) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Net operating loss carryforwards	$ 36,373	$ 27,049
Research and development expenses	4,304	3,046
Accruals and reserves	2,541	2,454
Issuance costs	1,827	0
Share-based compensation	1,576	163
Other deferred assets	636	878
Gross deferred tax assets	47,257	33,590
Valuation allowance	(40,019)	(29,780)
Total deferred tax assets	7,238	3,810
Deferred tax liabilities:
Deferred contract costs	(11,687)	(6,294)
Other deferred tax liabilities	(346)	(617)
Gross deferred tax liabilities	(12,033)	(6,911)
Net deferred taxes	$ (4,795)	$ (3,101)

TAXES ON INCOME (Details 4) - USD ($) $ in Thousands	12 Months Ended
TAXES ON INCOME (Details 4) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Beginning balance	$ 1,709	$ 437	$ 0
Increases related to prior years’ tax positions	175	209
Increase related to current years’ tax positions	2,984	1,063	437
Ending balance	$ 4,868	$ 1,709	$ 437

TAXES ON INCOME (Detail Textuals) $ in Thousands, ₪ in Millions	12 Months Ended
	Dec. 31, 2021 ILS (₪)	Dec. 31, 2021 USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2021 USD ($)
Income Tax Disclosure [Line Items]
Israel corporate tax rate	23.00%	23.00%	23.00%	23.00%
Percentage of tax benefit recorded positions more likely to be realized	50.00%	50.00%
Net operating loss carryforward in Israel					$ 248,447
Amount of recognized tax benefits		$ 2,097
Unrecognized tax benefits of interest and penalties					78
Amount offset by the reversal of related deferred tax assets					2,771
Domestic
Income Tax Disclosure [Line Items]
Operating Loss Carryforwards					21,707
Foreign
Income Tax Disclosure [Line Items]
Operating Loss Carryforwards					$ 51,121
Preferred Technology Enterprises” (“PTE”) \| Domestic
Income Tax Disclosure [Line Items]
Percentage of annual income derived from exports to large markets	25.00%	25.00%
Threshold of consolidated revenue of PTE \| ₪	₪ 10,000
Capital gains tax rate on the sale of a preferred intangible asset	12.00%	12.00%
Asset purchased from foreign resident \| ₪	₪ 200
Percentage of withholding tax rate of dividends paid	20.00%	20.00%
Effective income tax rate	12.00%	12.00%

REPORTING SEGMENTS AND GEOGRAPHIC INFORMATION (Detail Textuals)	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Term of concentration risk	Other than the United States, no other individual country accounted for 10% or more of total revenue

REPORTING SEGMENTS AND GEOGRAPHIC INFORMATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenue, Major Customer [Line Items]
Revenues	$ 193,303	$ 148,306	$ 105,129
United States
Revenue, Major Customer [Line Items]
Revenues	135,291	105,321	75,072
Rest of world
Revenue, Major Customer [Line Items]
Revenues	56,914	42,138	28,687
Israel
Revenue, Major Customer [Line Items]
Revenues	$ 1,098	$ 847	$ 1,370

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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+ Details

REPORTING SEGMENTS AND GEOGRAPHIC INFORMATION (Details 1) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Total property and equipment, net	$ 10,885	$ 8,629
Israel
Property, Plant and Equipment [Line Items]
Total property and equipment, net	8,829	7,244
United States
Property, Plant and Equipment [Line Items]
Total property and equipment, net	1,778	1,283
Rest of world
Property, Plant and Equipment [Line Items]
Total property and equipment, net	$ 278	$ 102

NET LOSS PER SHARE ATTRIBUTABLE TO ORDINARY SHAREHOLDERS (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Numerator:
Net loss	$ (80,293)	$ (45,025)	$ (50,118)
Net loss attributable to non-controlling interest	(1,169)	(1,311)	(696)
Adjustment attributable to non-controlling interest	16,689	5,487	475
Deemed dividend to ordinary shareholders	0	4,569	0
Net loss attributable to WalkMe Ltd.	$ (95,813)	$ (53,770)	$ (49,897)
Denominator:
Weighted-average shares used in computing net loss per share attributable to ordinary shareholders, basic and diluted	51,763,032	13,217,183	12,011,502
Net loss per share attributable to ordinary shareholders, basic and diluted	$ (1.85)	$ (4.07)	$ (4.15)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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+ Details

NET LOSS PER SHARE ATTRIBUTABLE TO ORDINARY SHAREHOLDERS (Details 1) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount	41,848,159	69,153,393	64,536,316
Convertible preferred shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount	26,972,186	58,724,580	56,969,441
RSU’s
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount	732,157	0	0
Outstanding share options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount	14,143,816	10,428,813	7,566,875