Wallbox Cuts Costs but Revenue Growth Lags in 2025
Event summary
- Wallbox reported €145.1 million in full-year 2025 revenue, up 144,000 charging units but missing growth targets.
- Gross margin improved by 400 basis points to 38.3%, while Adjusted EBITDA improved by 51% year-over-year.
- Launched Supernova PowerRing, a 400 kW DC fast-charging system, and rolled out Quasar 2.
- Secured €25 million in additional funding from existing and new shareholders.
- Q4 2025 revenue was €33.7 million, with Adjusted EBITDA at €(7.3) million, a 46% improvement year-over-year.
The big picture
Wallbox's 2025 results reflect a disciplined focus on cost optimization amid a volatile EV market. The company improved its financial position through gross margin expansion and Adjusted EBITDA improvements, but revenue growth lagged expectations. The strategic rollout of new products like the Supernova PowerRing and Quasar 2 aims to strengthen its market position, but the company must now prove it can translate operational efficiency into sustainable growth.
What we're watching
- Revenue Growth
- Whether Wallbox can accelerate revenue growth in 2026 after a softer-than-expected 2025.
- Operational Efficiency
- The pace at which Wallbox can sustain its cost-cutting measures and improve profitability.
- Market Positioning
- How the commercial rollout of Quasar 2 and Supernova PowerRing will position Wallbox in the competitive EV charging market.
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