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Wallbox (WBX) investor relations material
Wallbox Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 2026 revenue was €29.7 million, down 12% sequentially and impacted by delayed DC sales and refinancing uncertainty.
Adjusted EBITDA loss improved to €6.0 million, a 23% year-over-year and 18% sequential improvement, reflecting operational efficiencies.
Labor and operating expenses decreased by 31% year-over-year, supporting the shift from growth to profitability.
Inventory reduced by 15% sequentially and 37% year-over-year, supporting incremental cash flow.
30,000 AC units and 79 DC units sold in the quarter.
Financial highlights
Gross margin was 37.3%, in line with last quarter but below the 38%-40% guided range due to lower DC sales.
Q1 2026 revenue was €29.7 million, down from €33.7 million in Q4 2025 and €37.6 million in Q1 2025.
Gross profit for Q1 2026 was €11.1 million.
Cash and cash equivalents at March 31, 2026, stood at €7.6 million, excluding €11 million interim financing received in Q2.
Loans and borrowings totaled €168.2 million as of March 31, 2026.
Outlook and guidance
Q2 2026 revenue expected between €33 million and €36 million.
Gross margin guidance for Q2 is 38%-40%; adjusted EBITDA loss expected between €5 million and €3 million.
Anticipates improved sales as refinancing clarity restores customer confidence and sales/service investments ramp up.
- Revenue fell 11% YoY, but margin and EBITDA loss improved, with new capital structure in place.WBX
Q4 20254 Mar 2026 - Q2 revenue up 48% YoY, margin at 39.1%, EBITDA loss narrowed, and $45M investment secured.WBX
Q2 20242 Feb 2026 - Q3 revenue up 7% to EUR 34.7M; margin hit by one-off, Q4 rebound and 2025 profitability targeted.WBX
Q3 202416 Jan 2026 - Revenue grew 14% to €163.9M, with North America and cost cuts driving performance in 2024.WBX
Q4 202424 Dec 2025 - PIPE, Earn-Out, and Warrant Shares registered, fully paid, with Generac as key participant.WBX
Registration Filing16 Dec 2025 - Registering nearly 50M shares for resale, with growth tied to global EV adoption and warrant proceeds.WBX
Registration Filing16 Dec 2025 - Q3 2025 saw revenue and margin gains, cost cuts, and a standstill agreement on €179M debt.WBX
Q3 202516 Dec 2025 - Q1 revenue was EUR 37.6M, gross margin 38.1%, and North America grew 142% year-over-year.WBX
Q1 202526 Nov 2025 - Q2 2025 saw €38.3M revenue, 37.8% margin, and 33% YoY improvement in adjusted EBITDA loss.WBX
Q2 202516 Nov 2025
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