Wallbox Boosts Gross Margin by 410 Basis Points to 38.3%, Cuts EBITDA Loss 51%
Wallbox reduced its EBITDA loss by 51% and expanded gross margin by 410 basis points to 38.3% in 2025, rolling out Supernova PowerRing and Quasar 2 products. Full-year revenue declined 11% to €145.1 million with Q4 sales at €33.7 million and DC charger orders hampered by refinancing delays and US EV incentive removal.
1. Financial Performance in 2025
Wallbox reported full-year revenue of €145.1 million, down 11% from the prior year, while adjusted EBITDA improved by 51% to a loss of €29.5 million. Gross margin expanded by 410 basis points to 38.3%, reflecting bill-of-materials cost reductions and positive pricing outcomes.
2. Product Innovation Rollout
The company launched the Supernova PowerRing and Quasar 2 charging systems in 2025, broadening its portfolio across AC and DC solutions. Management highlighted Quasar 2’s positioning as a home energy management device to diversify beyond traditional EV charging.
3. Market Dynamics and Challenges
North American software, services and other revenues rose 18% year-over-year, yet overall AC and DC hardware sales fell 13% and 32% respectively. Q4 DC charger orders plunged 41% quarter-over-quarter, with US EV market incentives removal cited as a key headwind.
4. Capital Strategy and Outlook
Wallbox secured $25 million in new investment and reached a banking agreement to restructure its capital, with debt refinancing expected in the coming weeks. Q1 2026 guidance forecasts revenue of €33 million to €36 million and an adjusted EBITDA loss narrowing to €5 million–€3 million as sales initiatives take hold.