Wallbox Reports €24.2M Q3 Revenue, Narrows Losses
The Barcelona-based EV charging company posted third-quarter 2026 results and outlined its fourth-quarter expectations.
Updated on Nov. 4, 2026 in Corporate Finance
Live Poll
Are you planning to buy an electric vehicle in the next year?
Wallbox N.V. reported third-quarter 2026 revenue of €24.2 million, with a gross margin of 36.5% and adjusted EBITDA of €(5.3) million. The company also secured €4 million in additional funding through a convertible loan from existing shareholders after the quarter.
Why it matters
Revenue lagged the company's €16.9 million order backlog as supply chain constraints slowed deliveries, a gap that determines whether booked orders convert into reported sales. Improved operating efficiency and new funding come as the company works to narrow its losses.
Cash, cash equivalents and financial investments totaled €10.4 million as of September 30, 2026, against non-current loans and borrowings of €149.2 million. Management's guidance for the fourth quarter remains unconfirmed until results are reported.
The players
Wallbox N.V.
A Barcelona-based company that designs and sells electric vehicle charging hardware and software to consumers and businesses across Europe and other markets.
The details
Wallbox launched the new generation of its Pulsar Max charger across European markets during the quarter. Operating costs were reduced through improved operational efficiency, while the order backlog continued to grow.
Timeline
- September 30, 2026: Third-quarter period ended with an order backlog of €16.9 million.
- November 4, 2026: Third-quarter results announced and conference call held.
- Fourth quarter 2026: Company expects revenue of €29 million to €31 million and gross margin of 36% to 38%.
Market Dynamics
Wallbox's margin and cost trajectory sits within the broader European electric vehicle charger rollout, where hardware makers are scaling sales while still operating at a loss. The narrowing of adjusted EBITDA losses reflects a sector-wide push toward operating efficiency as order volumes outpace delivery capacity.
Investors tracking Wallbox can compare the company's fourth-quarter guidance against its reported third-quarter figures to judge whether the backlog is converting into revenue. The €4 million shareholder loan and €149.2 million in non-current borrowings bear directly on the company's capacity to fund continued losses.
The takeaway
Watch the gap between order backlog and reported revenue, since converting the €16.9 million backlog into deliveries will determine whether the company's margin and EBITDA targets are met. Compare the fourth-quarter results against the stated guidance ranges when they are released.
What happens next
Wallbox expects fourth-quarter 2026 revenue of €29 million to €31 million, adjusted EBITDA of €(5.5) million to €(3.5) million, and gross margin of 36% to 38%, with fourth-quarter results to follow.
Further reading
Track more company earnings and capital-raising stories in the Corporate Finance section.
More information
Review the company's filings and results on the Wallbox investor relations website.
Source note: This article includes information reported by The Manila times.
Live Poll
Are you planning to buy an electric vehicle in the next year?
