Wallbox N.V. Class A Ordinary Shares Q3 2025 Earnings Recap

Wallbox reported Q3 2025 revenue of EUR 35.5 million, a 2% year-over-year increase, hindered by operational challenges and varying demand across regions, despite strong performance in DC sales.

Key Takeaways

• DC sales grew significantly by 40% quarter-over-quarter and 34% year-over-year, helping to offset weaknesses in AC sales.
• Gross margin improved to 39.8%, exceeding guidance due to better cost management and pricing strategies.
• Adjusted EBITDA loss narrowed by 68% year-over-year, indicating progress towards profitability despite lower-than-expected sales.
• Europe represented 66% of total revenue, with a modest 3% increase, impacted by new product regulations and operational headwinds.
• North America saw 13% revenue growth, driven primarily by demand in the U.S., contrasting with a decline in the Canadian EV market.