Wallbox NV
NYSE:WBX
Wallbox NV
Wallbox NV is a global company, dedicated to change the way the world uses energy in the electric vehicle industry. The company is headquartered in Barcelona, Barcelona. The firm offers electric vehicles charging and energy management solutions for residential, semi-public and public use. Its product portfolio includes Quasar, a direct current bidirectional charger for home use; Supernova and Hypernova, direct current fast and ultrafast chargers for public use; and a suite of alternating current charging solutions and smart energy management software. The Firm is present in Europe, Asia and the Americas. The firm holds interest in several subsidiaries, such as Kensington Capital Acquisition Corp II and Wall Box Chargers SL.
Wallbox NV is a global company, dedicated to change the way the world uses energy in the electric vehicle industry. The company is headquartered in Barcelona, Barcelona. The firm offers electric vehicles charging and energy management solutions for residential, semi-public and public use. Its product portfolio includes Quasar, a direct current bidirectional charger for home use; Supernova and Hypernova, direct current fast and ultrafast chargers for public use; and a suite of alternating current charging solutions and smart energy management software. The Firm is present in Europe, Asia and the Americas. The firm holds interest in several subsidiaries, such as Kensington Capital Acquisition Corp II and Wall Box Chargers SL.
Revenue: Full-year 2025 revenue was EUR 145.1 million, down 11% year‑over‑year; Q4 revenue was EUR 33.7 million, below guidance.
Profitability: Adjusted EBITDA loss improved materially — full year adjusted EBITDA loss was minus EUR 29.5 million (improved 51% YoY); Q4 adjusted EBITDA loss was minus EUR 7.3 million (improved 46% YoY) but missed guidance.
Margins & costs: Gross margin improved to 38.3% for the year (+410 bps YoY); Q4 gross margin was 37.3% (in guided 37%–39% range). Labor & OpEx were down ~25% YoY.
Sales drivers: AC sales showed early quarterly improvement; DC sales were volatile—Q4 DC revenue EUR 3.4 million (-41% QoQ, +29% YoY) and overall DC units remain small.
Refinancing: Management expects refinancing to close soon — proposed package includes a EUR 55 million term loan, EUR 63.2 million bullet instrument, EUR 52.3 million working capital line and EUR 22.5 million liquidity injection (EUR 10 million equity + EUR 12.5 million trade lines); lenders representing >86% of debt have committed.
Strategy: Company is re‑investing in sales and service after rightsizing: new CBO, expanded service support (level 1 AI + level 2 regional/hub), extended warranties, and hires to restore growth.
Guidance: Q1 2026 guidance: Revenue EUR 33 million–36 million; Gross margin 38%–40%; Adjusted EBITDA loss EUR 5 million–3 million (negative).
