Earnings Summary: Wallbox Reports Q4 Revenue Decline Amid Strong Margin Growth

For the fourth quarter of fiscal 2025, Wallbox reported total revenue of €33.7 million, representing a 9.9% year-over-year decline. The top-line contraction during the quarter was largely attributed to weaker DC fast charging sales and broader sluggishness within the electric vehicle market, particularly in North America. Despite the fourth-quarter pullback, the company demonstrated resilience in specific business segments throughout the year. Full-year 2025 revenue stood at €145.1 million, marking an 11% decrease compared to fiscal 2024. However, software, services, and other revenues provided a bright spot, growing 18% year-over-year, while full-year North American sales increased by 16% despite broader industry headwinds.

Despite the overall revenue contraction, profitability metrics demonstrated marked improvement during the reporting period, driven by rigorous cost discipline and enhanced operational efficiency. Fourth-quarter gross margin expanded significantly by 546 basis points year-over-year to 37.3%. Consequently, the adjusted EBITDA loss for the fourth quarter narrowed by 46% year-over-year to €7.3 million. Similarly, full-year gross margin improved by 400 basis points to reach 38.3%, and the full-year adjusted EBITDA loss improved by 51%. The company recorded a full-year net loss of €103.2 million, a substantial improvement from the €151.8 million net loss reported in the prior year. This margin expansion was heavily supported by a 23% fourth-quarter and 25% full-year reduction in labor costs and operating expenses.