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Wallbox
(NYSE:WBX)
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Rating:46Neutral
Price Target:
$3.00
▼(-19.79% Downside)
Action:Reiterated
Date:07/23/26
The score is held down primarily by weak financial performance—negative gross profitability, persistent losses, and a balance sheet with negative equity alongside meaningful debt. Offsetting this modestly are signs of operational improvement and constructive Q2 guidance (including refinancing progress), while technical indicators remain mixed-to-weak and valuation metrics offer limited support due to ongoing losses and no dividend.
Positive Factors
Software Recurring Revenue
A 91% YoY software rise indicates expanding higher-margin, recurring revenue that can stabilize topline volatility from hardware cycles. Over 2–6 months this improves revenue visibility, increases customer stickiness via platforms, and supports margin expansion as subscriptions scale.
Negative Factors
Negative Gross Profit & Losses
Negative gross profit signals structural issues: adverse pricing, elevated BOM costs or unfavorable product mix. Persistent operating losses imply the company has not reached sustainable unit economics, making durable margin recovery essential before profitability can be relied upon.
Read all positive and negative factors
Positive Factors
Negative Factors
Software Recurring Revenue
A 91% YoY software rise indicates expanding higher-margin, recurring revenue that can stabilize topline volatility from hardware cycles. Over 2–6 months this improves revenue visibility, increases customer stickiness via platforms, and supports margin expansion as subscriptions scale.
Read all positive factors
Wallbox (WBX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$58.02M
Dividend YieldN/A
Average Volume (3M)107.94K
Price to Earnings (P/E)―
Beta (1Y)1.32
Revenue Growth-10.99%
EPS Growth-53.03%
CountryUS
Employees594
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-3.75
Shares Outstanding16,798,563
10 Day Avg. Volume49,750
30 Day Avg. Volume107,939
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.91
Price to Sales (P/S)0.21
P/FCF Ratio-756.59
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$4.00Price Target Upside6.95% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-3.12
Revenue Forecast (FY)$169.68M
Wallbox Business Overview & Revenue Model
Company Description
Wallbox N.V., a technology firm, specializes in developing, producing, and supplying electric vehicle (EV) charging systems suitable for residential, commercial, and public applications. The company divides its operational scope into three primary...
How the Company Makes Money
Wallbox primarily makes money by selling EV charging hardware and associated solutions. Key revenue streams include: (1) Hardware sales: Revenue generated from the sale of residential AC chargers and commercial/public charging equipment (including...
Wallbox Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Neutral
The call presents a mixed picture: meaningful operational progress and a completed refinancing plan that provides near-term financial visibility are offset by soft top-line performance, a sharp decline in DC sales, regional headwinds (notably North America), and elevated leverage. Management provided constructive Q2 guidance and highlighted product and software growth opportunities, but revenue weakness and liquidity/debt sensitivity remain notable risks.Positive Updates
Operational efficiency and cost reduction
Labor cost and operating expenses improved to EUR 17.1M, down 22% quarter-over-quarter and 31% year-over-year. Adjusted EBITDA loss improved 18% quarter-over-quarter and 23% year-over-year (adjusted EBITDA loss of EUR 6M). Management reports significantly reduced cash burn, leaner organization and progress toward operational profitability.
Negative Updates
Revenue decline and missed guidance
Total revenue of EUR 29.7M in Q1 was below guidance and down 12% sequentially. Management attributes much of the softness to customer postponements during the refinancing process.
Read all updates
Q1-2026 Updates
Positive
Negative
Operational efficiency and cost reduction
Labor cost and operating expenses improved to EUR 17.1M, down 22% quarter-over-quarter and 31% year-over-year. Adjusted EBITDA loss improved 18% quarter-over-quarter and 23% year-over-year (adjusted EBITDA loss of EUR 6M). Management reports significantly reduced cash burn, leaner organization and progress toward operational profitability.
Read all positive updates
Company Guidance
Wallbox guided Q2 2026 revenue of EUR 33–36 million, gross margin of 38–40% and negative adjusted EBITDA of EUR (5)–(3) million; for context Q1 revenue was EUR 29.7 million (down 12% sequentially), Q1 gross margin 37.3% (below the 38–40% range) and adjusted EBITDA loss was EUR 6.0 million (improved 18% qoq and 23% yoy); the company finished Q1 with ~EUR 7.6 million in cash (excluding EUR 11 million interim financing received at the start of Q2), inventory of EUR 40.3 million (down 15% qoq, 37% yoy), CapEx of EUR 0.3 million, and loans and borrowings of EUR 168 million, and expects the completed refinancing plus investments in sales and service to drive the Q2 targets.Wallbox Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 101.72M | 139.39M | 164.01M | 144.23M | 143.47M | 71.85M |
| Gross Profit | 36.41M | -29.02M | 53.80M | 47.05M | 57.78M | 27.20M |
| EBITDA | -19.37M | -62.89M | -93.99M | -98.00M | -119.35M | -45.26M |
| Net Income | -81.84M | -99.12M | -149.04M | -112.43M | -62.49M | -224.63M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 239.52M | 353.07M | 439.39M | 421.98M | 302.17M |
| Cash, Cash Equivalents and Short-Term Investments | 9.41M | 9.41M | 45.94M | 106.89M | 82.43M | 150.87M |
| Total Debt | 0.00 | 197.77M | 234.88M | 223.84M | 149.55M | 71.33M |
| Total Liabilities | 31.46M | 270.98M | 290.49M | 303.26M | 234.95M | 211.54M |
| Stockholders Equity | -31.46M | -31.69M | 64.80M | 136.11M | 157.19M | 115.60M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -38.00K | -84.04M | -93.57M | -187.22M | -88.17M |
| Operating Cash Flow | 0.00 | 10.00M | -49.76M | -81.55M | -126.65M | -61.41M |
| Investing Cash Flow | 0.00 | 11.62M | -38.11M | -53.19M | -12.97M | -77.87M |
| Financing Cash Flow | 0.00 | -32.19M | 2.85M | 156.73M | 103.84M | 217.78M |
Wallbox Technical Analysis
Negative
3.74
Price Trends
3.76
Negative
3.29
Positive
3.29
Positive
Market Momentum
-0.20
Positive
43.97
Neutral
37.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WBX, the sentiment is Negative. The current price of 3.74 is below the 20-day moving average (MA) of 4.02, below the 50-day MA of 3.76, and above the 200-day MA of 3.29, indicating a neutral trend. The MACD of -0.20 indicates Positive momentum. The RSI at 43.97 is Neutral, neither overbought nor oversold. The STOCH value of 37.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WBX.
Wallbox Risk Analysis
Wallbox disclosed 64 risk factors in its most recent earnings report. Wallbox reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
Failure of banks or other financial institutions could adversely affect our cash, cash equivalents and investments and our business and financial condition may suffer as a result. Q4, 2023
2.
We are susceptible to risks associated with an increased focus by stakeholders and regulators on environmental and social matters, including climate change, which may adversely affect our business and results of operations. Q4, 2023
3.
Political and economic uncertainty and macroeconomic factors could adversely affect our business, financial condition and results of operations. Q4, 2023
Wallbox Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $197.70B | 38.26 | 37.21% | 0.60% | 54.17% | 59.56% | |
71 Outperform | $9.56B | 65.01 | 19.83% | ― | 24.95% | 120.02% | |
69 Neutral | $3.76B | 67.99 | 8.40% | 0.10% | 25.26% | -2.96% | |
64 Neutral | $6.74B | 73.48 | 3.18% | 1.05% | -3.37% | -59.55% | |
63 Neutral | $11.01B | 57.22 | 15.89% | 0.13% | 22.19% | 157.87% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
46 Neutral | $58.02M | -0.71 | -1217.29% | ― | -10.99% | -53.03% |
* Technology Sector Average
WBX
Wallbox
3.44
-0.85
-19.81%
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218.72
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Wallbox Corporate Events
Wallbox Posts Q2 2026 Loss but Strengthens Balance Sheet After Restructuring
Jul 30, 2026
On July 30, 2026, Wallbox reported second-quarter 2026 revenue of €23.9 million, a gross margin of 38% and an operating loss of €11 million, with adjusted EBITDA at negative €7.8 million. AC chargers generated 66% of sales and so...
Wallbox Wins NYSE Approval of Compliance Plan, Keeps Listing Secure
Jul 6, 2026
On July 6, 2026, Wallbox announced that the New York Stock Exchange accepted its plan to regain compliance with continued listing standards after a February 12, 2026 notice that the company fell short on market capitalization and stockholders̵...
Wallbox Finalizes Restructuring and Secures €15.8 Million in New Equity
Jul 2, 2026
On July 2, 2026 Wallbox reported completion of the equity financing tied to its court-approved restructuring plan, raising about €11.8 million from existing shareholders and the Generalitat de Catalunya’s IFEM vehicle, alongside capita...
Wallbox Shareholders Back 2025 Accounts, Board Slate and Restructuring-Linked Measures at May AGM
May 26, 2026
On May 22, 2026, Wallbox N.V. held its annual general meeting of shareholders, with approximately 74% of voting power represented through its dual-class share structure. Investors approved the 2025 annual accounts, discharged directors from liabil...
Wallbox Wins Court Approval for €169.6 Million Financial Restructuring
May 7, 2026
On May 7, 2026, Wallbox N.V. announced that the Commercial Court of Barcelona approved its comprehensive financial restructuring plan, signed in April 2026. The plan is now binding on all affected financial and non-financial creditors and is expec...
Wallbox Narrows Losses and Secures Financing in First Quarter 2026 Restructuring Push
May 6, 2026
On May 6, 2026, Wallbox reported first-quarter 2026 revenue of €29.7 million, a gross margin of 37.3% and an operating loss of €11.7 million, with labor and other operating expenses of €17.1 million and capital expenditures of &#...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.