Wallbox N.V. reported fourth‑quarter 2025 revenue of €33.7 million, a 10% decline from €37.5 million in the same period last year, and below the company’s guidance range of €36 million to €39 million. The shortfall was driven by weaker demand for DC fast‑charging units and a softer electric‑vehicle market in North America, which together reduced sales volume in the region that accounts for a significant share of the company’s revenue.
Gross margin for the quarter settled at 37.3%, a slight contraction from the 39.8% margin reported in Q3. Despite the margin dip, the figure remains within the 37%‑39% range that Wallbox had guided to, and it reflects the company’s ongoing focus on cost discipline. Adjusted EBITDA narrowed to a loss of €(7.3) million, a 46% year‑over‑year improvement that underscores the impact of the company’s labor‑cost reductions and operating‑expense controls.
Segment analysis shows that AC charging revenue remained relatively flat, while DC fast‑charging revenue fell by 12% due to the North‑American slowdown. The software, services and other category, which contributed 21% of Q4 revenue, grew 18% year‑over‑year, indicating a promising diversification of the business. The decline in DC sales and the weaker U.S. market were cited by management as the primary reasons for the revenue miss.
CEO Enric Asunción said the company had “focused on building a more resilient and efficient organization while strengthening the foundations of the business.” He added that softer sales were the main reason for missing guidance, but highlighted the company’s progress in reducing the adjusted EBITDA loss and improving gross margin as evidence of disciplined execution.
Investors responded positively to the earnings, reflecting confidence in Wallbox’s cost‑control trajectory and its ability to navigate a challenging market environment. The company’s emphasis on operational efficiency and the narrowing of the adjusted EBITDA loss were key factors in the favorable reception.
Wallbox maintained its Q4 revenue guidance of €36 million to €39 million and reiterated its commitment to improving profitability through continued cost reductions and a focus on high‑margin software and services. The company also highlighted ongoing initiatives such as the Supernova PowerRing DC fast‑charging expansion and a renewed capital‑structure plan aimed at supporting long‑term growth.
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