Wallbox Announces Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 revenue reached €24.2 million
- ➤Adjusted EBITDA was €(5.3) million, within guidance and improving 24% year-over-year
- ➤Order backlog reached €16.9 million as supply constraints delayed deliveries
- ➤€4 million convertible loan secured from existing shareholders after the quarter
- ➤Q4 revenue guidance set at €29 million to €31 million
Expert Statements
Enric Asunción, CEO of Wallbox
“In the third quarter of 2026, order intake remained solid and our order backlog continued to grow, reaching €16.9 million at the end of September. However, this is not yet reflected in our revenue, as supply chain constraints continue to limit our ability to convert orders into deliveries on schedule. We are working closely with our suppliers and expect to resolve these constraints during the next quarters. At the same time, strong cost control allowed us to deliver adjusted EBITDA within our guidance.”
Enric Asunción, CEO of Wallbox
“With a robust backlog and customer demand, we are well positioned to grow once supply constraints ease. Our financing efforts are focused on securing sufficient working capital to support this growth with the €4 million of existing shareholders as the first example. At the same time, we are converting orders into deliveries in a disciplined way, which we believe will drive more efficient operations and continued progress toward profitability.”
BARCELONA, Spain, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Wallbox N.V. (NYSE:WBX), a leading provider of electric vehicle (“EV”) charging and energy management solutions worldwide, today announced its financial results for the third quarter ended September 30, 2026 and provided a business update.
Third Quarter 2026 Highlights and Business Update: * Generated revenue of €24.2 million in the quarter. * Gross Margin(1) landed at 36.5%, impacted by product mix. * Adjusted EBITDA(1) was €(5.3) million, landing within guidance, improving 24% year-over-year and 32% compared to last quarter. * Continued improvement in operational efficiency resulted in a 34% year-over-year reduction in labor costs and operating expenses. * Launched the new generation of Pulsar Max across European markets, featuring ISO 15118-ready hardware, built-in RFID, and Ethernet connectivity for enhanced charging performance.
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