Wallbox (WBX) AI Stock Analysis

• Market Cap: $44.03M
• Dividend Yield: N/A
• Average Volume (3M): 35.42K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.20
• Revenue Growth: -11.22%
• EPS Growth: 6.15%
• Country: US
• Employees: 905
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -1.69
• Shares Outstanding: 13,272,572
• 10 Day Avg. Volume: 44,412
• 30 Day Avg. Volume: 35,422
• PEG Ratio: -1.14
• Price to Book (P/B): 28.24
• Price to Sales (P/S): 11.16
• P/FCF Ratio: -21.03
• Enterprise Value/Market Cap: 27.46
• Enterprise Value/Revenue: 8.17
• Enterprise Value/Gross Profit: 25.33
• Enterprise Value/Ebitda: -16.92
• 1Y Price Target: $4.50
• Price Target Upside: 47.54% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): -3.11
• Revenue Forecast (FY): $237.03M

• Rating: 43 Neutral
• Price Target: $2.50 ▼(-18.03% Downside)

The score is primarily constrained by weak financial performance (continued losses, negative free cash flow, and high leverage with declining equity). Technicals also remain broadly bearish (below key longer-term moving averages with negative MACD). Earnings-call execution showed some improvement in margins and cost control, but revenue weakness and debt-related risk keep the outlook pressured, while valuation is also limited by unprofitability and no dividend support.

Positive Factors

Multi-year Revenue Growth

Sustained top-line expansion over multiple years indicates strong product-market fit and scaling ability in EV charging. Durable revenue growth supports investments in R&D, distribution and installs operational leverage potential as the company transitions toward higher volumes and broader market penetration.

DC Fast-Charging Strength

Rapid DC charger adoption shifts revenue mix toward commercial, higher-capacity products that address network and fleet needs. A growing foothold in DC fast charging strengthens competitive position, diversifies revenue beyond home units, and aligns with structural EV charging demand growth.

Improving Margins and Cost Discipline

Material margin improvement driven by lower BOM costs, price realization and carbon credits, combined with reported opex and labor reductions, meaningfully lowers cash burn. If sustained, these structural cost efficiencies improve the path to profitability and reduce future financing needs.

Negative Factors

High Leverage and Shrinking Equity

Substantial leverage and a shrinking equity base constrain financial flexibility and increase refinancing risk. Over time this can limit ability to invest in growth, raise funds on favorable terms, and amplify downside in adverse cycles, pressuring long-term operational and strategic options.

Persistent Negative Free Cash Flow

Continued negative FCF signals the business is not yet self-sustaining and requires external capital to fund operations and capex. Persistent cash deficits elevate dependency on lenders or equity raises, increasing dilution risk and constraining the company's ability to execute long-term initiatives independently.

Reliance on Standstill / Financing Restructuring

Ongoing forbearance and active capital-structure negotiations highlight unresolved liquidity and covenant risk. While extensions provide runway, dependence on lender support and planned refinancing introduces execution risk, potential dilution, and uncertainty for suppliers and strategic investments over the medium term.

Wallbox Business Overview & Revenue Model

Company Description

Wallbox N.V., a technology company, designs, manufactures, and distributes charging solutions for residential, business, and public use. The company operates in three segments: Europe-Middle East Asia, North America, and Asia-Pacific. It offers EV charging hardware products, such as Pulsar Plus, an AC smart charger for home or multi-family residence; Commander 2, an AC smart charger for fleets and businesses with a 7-inch touchscreen display that provides a personalized and secure user interface for multiple users; Copper SB, an AC smart charger for fleets and businesses with an integrated socket that makes it compatible with both type 1 and type 2 charging cables; Quasar, a DC bi-directional charger for home-use that allows to charge and discharge electric vehicle, and enables to use car battery to power home or sell energy back to the grid; Supernova, a DC fast charger equipment designed for public use; and Hypernova that allows to optimize available power and adapt to the number of EVs connected for public charging along highways and transcontinental road networks. The company also provides EV charging software solutions, including the myWallbox platform, a cloud based software designed to provide smart management of its chargers in residential and business parking lots, such as workplaces, fleets, and semi-public parking lots; Electromaps, a hardware-agnostic e-mobility service provider and charger management software that enables users to find publicly available charging ports; and Sirius, an energy management solution that is designed to seamlessly integrates the electric grid with solar, on-site batteries, and other renewable energy sources. In addition, it offers upgrades and accessories, which includes energy meters, EV charging cables, pedestals, and RFID cards; and installation, maintenance, and charging network management services. The company was incorporated in 2015 and is headquartered in Barcelona, Spain.

How the Company Makes Money

Wallbox generates revenue through several key streams. Primarily, the company sells its EV charging hardware, including residential and commercial charging stations, which constitute a significant portion of its income. In addition to hardware sales, Wallbox offers software solutions that provide smart charging management and energy optimization, contributing to its revenue. The company benefits from partnerships with automotive manufacturers, enabling them to integrate Wallbox charging solutions with new electric vehicles, thus expanding their market reach. Furthermore, Wallbox engages in service contracts and maintenance agreements, ensuring ongoing revenue from installed systems. Their focus on innovation and sustainability attracts investments and grants, enhancing their financial position and supporting growth initiatives.

Wallbox Financial Statement Overview

Summary

Wallbox demonstrates strong revenue growth, a positive sign of market demand and expansion. However, significant challenges remain in terms of profitability and financial stability. High leverage, declining equity, and negative cash flows highlight the need for strategic improvements in cost management and debt reduction. Addressing these areas will be vital for long-term viability and success.

Income Statement

Wallbox has shown consistent revenue growth over the years, with a notable increase from $19.68 million in 2020 to $169.84 million in 2024. However, profitability remains a significant concern, as evidenced by the negative net income and declining margins. The gross profit margin has decreased, and both EBIT and EBITDA margins are negative, indicating operational challenges. While revenue growth is a positive indicator, the company needs to address its cost structure to improve profitability.

Balance Sheet

Wallbox's balance sheet reveals a high debt-to-equity ratio, indicating substantial leverage. Stockholders' equity has been declining, and the equity ratio has decreased over the years, reflecting increased financial risk. The company's assets are primarily funded by liabilities, and the shrinking equity base is a concern. Improvement in equity and reduction in debt are necessary for financial stability.

Cash Flow

The cash flow analysis shows negative free cash flow, which has worsened over the years, indicating challenges in generating cash from operations. The operating cash flow to net income ratio is negative due to persistent losses, and capital expenditures remain high, putting pressure on cash reserves. Improving operational efficiency and cash generation is crucial for sustainability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	148.00M	164.01M	144.23M	143.47M	71.85M	19.62M
Gross Profit	47.74M	53.80M	47.05M	57.78M	27.20M	9.04M
EBITDA	-71.48M	-93.99M	-98.00M	-119.35M	-45.26M	-8.58M
Net Income	-125.67M	-149.04M	-112.43M	-62.49M	-224.63M	-11.37M
Balance Sheet
Total Assets	316.49M	353.07M	483.54M	421.98M	342.61M	81.84M
Cash, Cash Equivalents and Short-Term Investments	32.22M	45.94M	106.89M	88.70M	171.06M	22.58M
Total Debt	216.39M	234.88M	246.33M	160.93M	80.87M	52.64M
Total Liabilities	280.35M	290.49M	333.73M	252.83M	211.54M	69.61M
Stockholders Equity	35.27M	64.80M	149.79M	169.15M	131.07M	12.23M
Cash Flow
Free Cash Flow	-38.61M	-87.02M	-108.51M	-201.47M	-99.97M	-30.41M
Operating Cash Flow	-36.47M	-51.53M	-89.74M	-136.29M	-69.63M	-11.63M
Investing Cash Flow	-7.15M	-39.46M	-58.54M	-13.96M	-88.30M	-19.32M
Financing Cash Flow	0.00	2.96M	172.48M	111.75M	246.92M	46.74M

Wallbox Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WBX, the sentiment is Neutral. The current price of 3.05 is above the 20-day moving average (MA) of 2.86, below the 50-day MA of 3.38, and below the 200-day MA of 5.22, indicating a neutral trend. The MACD of -0.16 indicates Negative momentum. The RSI at 50.86 is Neutral, neither overbought nor oversold. The STOCH value of 92.08 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for WBX.

Wallbox Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DAKT	72 Outperform	$1.01B	152.21	2.64%	―	-6.13%	-76.92%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
BKSY	49 Neutral	$898.02M	-7.98	-88.03%	―	-5.13%	-37.34%
GNSS	47 Neutral	$95.36M	-5.25	-183.60%	―	69.76%	43.82%
WBX	43 Neutral	$44.03M	―	-184.98%	―	-11.22%	6.15%
LINK	41 Neutral	$60.95M	-30.89	-13.78%	―	-1.70%	17.13%

Wallbox Corporate Events

Wallbox Extends Standstill Agreement with Lenders to January 31, 2026

On October 9, 2025, Wallbox N.V. entered into a standstill agreement with a majority of its banking pool, later joined on November 7, 2025 by additional syndicated lenders, to support ongoing negotiations over a long-term capital structure. Originally set to expire on the earlier of implementation of a long-term capital structure or December 9, 2025, the agreement has now been extended by the participating lenders to January 31, 2026, keeping substantially all existing terms in place and providing Wallbox with additional breathing room to finalize a comprehensive financing solution and stabilize its balance sheet, a move that is likely to be closely watched by creditors and equity investors.

The most recent analyst rating on (WBX) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Wallbox stock, see the WBX Stock Forecast page.

Wallbox Announces New CFO to Drive Sustainable Growth

Wallbox announced the appointment of Isabel López Trujillo as its new Chief Financial Officer, effective January 7, 2026. She brings over 20 years of international financial leadership experience and previously served as Wallbox’s Vice President of Finance, contributing to its public listing and global expansion. This change signifies a focus on disciplined execution and sustainable growth as the company advances its strategic goals. Outgoing CFO Luis Boada will assist during the transition period and was acknowledged for his contributions to enhancing the company’s financial fundamentals and capital structure.

The most recent analyst rating on (WBX) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Wallbox stock, see the WBX Stock Forecast page.

Wallbox Secures New Capital Structure with Major Shareholders and Banks

On December 1, 2025, Wallbox announced a significant step in its capital restructuring plan by reaching a commercial agreement with core banking partners and major shareholders. This agreement includes an extension of debt maturities and a proposed liquidity injection of €22.5 million, aimed at enhancing Wallbox’s financial stability and supporting its operations in the growing electric mobility and smart energy market. The restructuring involves refinancing existing debt into a new syndicated structure and raising €10 million in new equity, which is expected to reinforce Wallbox’s capital structure and provide a more sustainable financial framework. This move is anticipated to improve Wallbox’s liquidity, enabling it to continue executing its business plan effectively.

The most recent analyst rating on (WBX) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Wallbox stock, see the WBX Stock Forecast page.

Wallbox Secures Additional Lender Support in Standstill Agreement

On November 7, 2025, Wallbox N.V. announced that additional lenders, including Instituto de Crédito Oficial E.P.E. and Compañía Española de Financiación del Desarrollo, COFIDES, S.A., have joined a standstill agreement with the company and its majority lenders. This agreement, initially reached on October 9, 2025, aims to stabilize Wallbox’s financial arrangements, although some minority lenders have yet to accede. The accession of these lenders is crucial for Wallbox’s financial stability and ongoing operations, as it seeks to maintain favorable terms with its banking partners.

The most recent analyst rating on (WBX) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Wallbox stock, see the WBX Stock Forecast page.

Wallbox Reports Q3 2025 Financial Results and Strategic Partnerships

On November 5, 2025, Wallbox N.V. announced its financial results for the third quarter ending September 30, 2025. The company reported a revenue of €35.5 million, marking a 2% year-over-year growth, with a gross margin improvement to 39.8%. Despite an operating loss of €17.0 million, Wallbox showed an 8% improvement in adjusted EBITDA quarter-over-quarter. The company also highlighted a 30% revenue growth in DC fast charging and announced new partnerships with SureCharge Corp. and Hera Group to expand its charging network in Canada and Italy. Wallbox’s strategic focus remains on accelerating profitability through cost management, enhancing its sales organization, and strengthening its financial position with a standstill agreement with its banking partners.

The most recent analyst rating on (WBX) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Wallbox stock, see the WBX Stock Forecast page.