Wallbox (NYSE: WBX) Q1 2026 revenue €29.7M and Q2 guidance

Rhea-AI Filing Summary

Wallbox N.V. reported first quarter 2026 revenue of €29.7 million, with a gross margin of 37.3% and an operating loss of €11.7 million. Labor and other operating expenses were €17.1 million, while capital expenses were €0.3 million, reflecting a focus on cost control.

AC chargers generated €21.1 million or 71% of revenue, DC chargers €2.5 million or 8%, and software, services and other products €6.1 million or 21%. Europe contributed €22.6 million of revenue, North America €6.7 million, Asia Pacific about €6 thousand and Latin America €0.4 million.

Adjusted EBITDA was €(6.0) million, a 23% year-over-year improvement, supported by a 31% year-over-year reduction in labor and operating expenses and a 15% inventory reduction. Wallbox also secured €11 million in interim financing and signed a comprehensive restructuring plan. For second quarter 2026 it expects revenue between €33 million and €36 million, gross margin of 38–40%, and negative adjusted EBITDA between €(5) million and €(3) million.

Insights

Equity analyst

Wallbox shows improving efficiency and liquidity, but remains loss-making.

Wallbox generated revenue of €29.7 million in Q1 2026 with a gross margin of 37.3%. The business remains centered on AC chargers, which produced €21.1 million or 71% of revenue, with Europe contributing the bulk of sales.

Adjusted EBITDA of €(6.0) million improved 23% year-over-year, helped by a 31% reduction in labor and operating expenses and a 15% inventory reduction. Despite these gains, the company still recorded an operating loss of €11.7 million, so profitability has not yet been reached.

Management highlighted securing €11 million in interim financing and signing a comprehensive restructuring plan, which it believes enhances long-term financial visibility. For Q2 2026, Wallbox guides revenue to €33–36 million, gross margin of 38–40% and negative adjusted EBITDA of €(5)–(3) million, indicating continued losses but expected further efficiency improvements.

Key Figures

Q1 2026 revenue: €29.7 million Q1 2026 gross margin: 37.3% Q1 2026 operating loss: €11.7 million +5 more

8 metrics

Q1 2026 revenue €29.7 million Three months ended March 31, 2026

Q1 2026 gross margin 37.3% Three months ended March 31, 2026

Q1 2026 operating loss €11.7 million Three months ended March 31, 2026

Q1 2026 adjusted EBITDA €(6.0) million 23% improvement year-over-year

Labor and operating expenses €17.1 million Q1 2026, 31% reduction year-over-year

Interim financing €11 million Secured during Q1 2026

Q2 2026 revenue guidance €33–36 million Management outlook for second quarter 2026

Q2 2026 gross margin guidance 38–40% Management outlook for second quarter 2026

Key Terms

Adjusted EBITDA, Gross Margin, interim financing, comprehensive restructuring plan, +2 more

6 terms

Adjusted EBITDA financial

"Adjusted EBITDA1 was €(6.0) million, representing a 23% improvement year-over-year."

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

Gross Margin financial

"Delivered Gross Margin1 of 37.3%."

Gross margin is the difference between how much money a company makes from selling its products and how much it costs to produce them, expressed as a percentage of sales. It shows how efficiently a company is turning sales into profit before other expenses like marketing or salaries. Higher gross margin means the company keeps more money from each sale, which is a good sign of financial health.

interim financing financial

"Secured €11 million in interim financing and signed the comprehensive restructuring plan"

Interim financing is short-term funding a company uses to cover expenses or bridge a gap while it secures longer-term capital or completes a major transaction. It matters to investors because it can prevent sudden cash shortfalls or forced asset sales that would hurt value, but it can also raise costs or reduce existing owners’ stake if turned into permanent financing—think of it as a temporary loan that keeps the lights on while a permanent solution is arranged.

comprehensive restructuring plan financial

"secured €11 million in interim financing and signed the comprehensive restructuring plan"

forward-looking statements regulatory

"This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Non-IFRS Financial Measures financial

"This release includes financial measures not based on IFRS, including Adjusted EBITDA and Gross Margin (the “Non-IFRS Financial Measures”)."

Non-IFRS financial measures are company-reported numbers that modify or exclude items from standard accounting results so management can highlight what it sees as underlying business performance—common examples are adjusted EBITDA or adjusted earnings per share. They matter to investors because they can make trends clearer by removing unusual or noncash items, like cleaning lens smudges off a camera, but they require scrutiny since companies decide what to exclude and comparisons across firms may not be uniform.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO SECTION 13A-16 OR 15D-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2026

Commission File Number: 001-40865

Wallbox N.V.

(Translation of registrant’s name into English)

Carrer del Foc, 68

Barcelona, Spain 08038

Tel: +34 930 181 668

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒   Form 40-F ☐

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EXPLANATORY NOTE

1)Earnings results

On May 6, 2026, Wallbox N.V. (the “Company” or “Wallbox”) released information regarding its results of operations for the three months ended March 31, 2026. A copy of the Company’s press release and presentation materials are furnished hereto as Exhibits 99.1 and 99.2, respectively.

WALLBOX N.V. FIRST QUARTER 2026 RESULTS

•For the quarter ended March 31, 2026, the Company had revenue of 29.7 million, gross margin of 37.3% and operating loss of €11.7 million.

•For the quarter ended March 31, 2026, labor costs and other operating expenses were €17.1 million and capital expenses were €0.3 million.

•During the quarter ended March 31, 2026, revenues by product and as a percentage of total revenues were as follows:

oAC chargers – €21.1 million / 71%

oDC chargers – €2.5 million / 8%

oSoftware, Service and Others – €6.1 million / 21%

•During the quarter ended March 31, 2026, revenues by geography and as a percentage of total revenues were as follows:

oEurope – €22.6 million / 76%

oNorth America – €6.7 million / 23%

oAsia Pacific – €6 thousand / 0%

oLatin America – €0.4 million / 1%

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Definitions and Basis of Presentation

•Gross Margin is defined as revenue less changes in inventory, raw materials and other consumables used divided by revenue.

•Operating loss consists of the Company’s revenue and other income, less changes in inventories and raw materials and consumables used, employee benefits, other operating expenses, impairment of assets, and amortization and depreciation.

•Other operating expenses primarily consist of professional services, marketing expenses, external temporary workers expense, delivery expense, insurance premiums and other expenses, including leases of machinery with lease terms of 12 months or less and leases of office equipment with low value, including IT equipment.

•Revenue consists of retail sales, sales from distributors, resellers and installer customers of charging solutions for EVs, which includes electronic chargers and other services.

INCORPORATION BY REFERENCE

The information included in this Report on Form 6-K is hereby incorporated by reference into the Company’s Registration Statement on Form S-8 (File No. 333-263795) and Registration Statements on Form F-3, as amended (File Nos. 333-268347, 333-268792, 333-271116, 333-273323, 333-276491 and 333-281952) and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished. Exhibit 99.1 and Exhibit 99.2 hereto shall not be deemed incorporated by reference into such registration statements.

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EXHIBIT INDEX

Exhibit No.		Description
99.1		Wallbox N.V. Press Release, dated May 6, 2026
99.2		Wallbox N.V. Presentation, dated May 6, 2026

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				Wallbox N.V.
Date: May 6, 2026				By:		/s/ Enric Asunción Escorsa
						Enric Asunción Escorsa
						Chief Executive Officer

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Wallbox Announces First Quarter 2026 Financial Results

BARCELONA, SPAIN - May 6, 2026 - Wallbox N.V. (NYSE:WBX), a leading provider of electric vehicle (“EV”) charging and energy management solutions worldwide, today announced its financial results for the first quarter ended March 31, 2026 and provided a business update.

First Quarter 2026 Highlights and Business Update:

●Generated revenue of €29.7 million in the quarter.

●Delivered Gross Margin1 of 37.3%.

●Adjusted EBITDA1 was €(6.0) million, representing a 23% improvement year-over-year.

●Continued improvement in operational efficiency resulted in a 31% year-over-year reduction in labor costs and operating expenses.

●Reduced inventory by 15% compared to the last quarter, driving incremental cash flow.

●Secured €11 million in interim financing and signed the comprehensive restructuring plan, which enhances the long-term financial visibility.

Executive Commentary

Enric Asunción, CEO of Wallbox, said, “In the first quarter of 2026, we continued to execute our transformation strategy with discipline, focusing on improving operational efficiency, optimizing our cost structure, and strengthening our financial position. While revenue was impacted by a softer market environment and the one-off effect of the refinancing process, we achieved a significant improvement in adjusted EBITDA, demonstrating the strength of the measures implemented”.

Mr. Asunción added, “With the signing of the refinancing agreement, which has allowed us to secure additional funding and enhance our long-term financial visibility, we believe we are in a stronger position to return to growth and continue progressing toward profitability, supported by our product portfolio and the strengthening of our commercial and service capabilities”.

Financial Outlook - Second Quarter 2026

The following reflects the company’s expectations for select key financial metrics for the second quarter of 2026.

●Expects revenue to be in the range of €33 million to €36 million

●Expects Gross Margin1 between 38% and 40%

●Expects a negative Adjusted EBITDA1 between €(5) million and €(3) million

1 See Non-IFRS Financial Measures section below

Conference Call Information

Wallbox NV will host a conference call to discuss the results and provide a business update at 8:00 AM Eastern Time today, May 6, 2026. The live audio webcast and accompanying presentation will be accessible on Wallbox’s Investor Relations website at https://investors.wallbox.com/. A recording of the webcast will also be available following the conference call.

First Quarter 2026
Unaudited Financial Results

Wallbox N.V.

Wallbox N.V.
Cash & Cash Equivalents

Wallbox N.V.
Investments and Loans & Borrowings

Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Wallbox intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding Wallbox’s expected future operating results and financial position, growth, profitability and cost optimization, including the expected impact of Wallbox’s renewed capital structure; industry and company growth, and Wallbox’s business strategy and plans and related reinforcement of Wallbox’s sales and service organization. The words “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “focus,” “forecast,” “intend,” “likely,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox’s history of operating losses; risks related to the restructuring plan, including the pending court approval and the potential for delays or Wallbox’s inability to achieve projected operating improvements; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives or reduction thereof; political and economic uncertainty and macroeconomic factors, such as impacts from tariffs and trade barriers, geopolitical conflicts, consumer spending, inflation and foreign exchange rates; the accuracy of Wallbox’s forecasts and projections including those regarding its market opportunity; competition; risks related to losses or disruptions in Wallbox’s supply or manufacturing partners; Wallbox’s reliance on the third-parties outside of its control; risks related to Wallbox’s technology, intellectual property and infrastructure; executive orders and regulatory changes under the U.S. political administration and uncertainty therefrom, as well as the other important factors discussed under the caption “Risk Factors” in Wallbox’s Annual Report on Form 20-F for the fiscal year ended December 31, 2025, as such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of Wallbox’s website at investors.wallbox.com. Any such forward-looking statements represent management’s estimates as of the date of this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.

Non-IFRS Financial Measures Wallbox reports its financial information required in accordance with the International Financial Reporting Standards (“IFRS”). This release includes financial measures not based on IFRS, including Adjusted EBITDA and Gross Margin (the “Non-IFRS Measures”). See the definitions set forth below for a further explanation of these terms.

Wallbox defines “Gross Margin” as revenue less changes in inventory, raw materials and other consumables used, divided by revenue.

Wallbox defines EBITDA as loss for the period before income tax credit, financial income, financial expenses, amortization and depreciation, change in fair value of derivative warrants and foreign exchange gains/(losses). Wallbox defines Adjusted EBITDA as EBITDA for the period further adjusted to take into account the impact of certain non-cash and other items that it does not consider in its evaluation of the Company’s ongoing operating performance. These non-cash and other items include, but not are limited to: share based payment plan expenses, certain one-time expenses related to a reduction in workforce initiated in January 2023, certain non-cash expenses related to the ESPP plan launched in January 2023, any negative goodwill arising from business combinations, impairment of assets and other items outside the scope of our ordinary activities.

Management uses these Non-IFRS Measures as measurements of operating performance because they assist management in comparing the Company’s operating performance on a consistent basis, as they remove the impact of items not directly resulting from the Company’s core operations; for planning purposes, including the preparation of management’s internal annual operating budget and financial projections; to evaluate the performance and effectiveness of the Company’s strategic initiatives; and to evaluate the Company’s capacity to fund capital expenditures and expand its business.

The Non-IFRS Measures may not be comparable to similar measures disclosed by other companies, because not all companies and analysts calculate these measures in the same manner. Wallbox presents the Non-IFRS Measures because management considers them to be important supplemental measures of the Company’s performance, and believes they are frequently used by securities analysts, investors and other interested parties in the evaluation of companies. Management believes that investors’ understanding of the Company’s performance is enhanced by including the Non-IFRS Measures as a reasonable basis for comparing its ongoing results of operations. By providing the Non-IFRS Measures, together with reconciliations to IFRS, management believes it is enhancing investors’ understanding of the Company’s business and its results of operations, as well as assisting investors in evaluating how well the Company is executing its strategic initiatives.

Items excluded from the Non-IFRS Measures are significant components in understanding and assessing financial performance. The Non-IFRS Measures have limitations as analytical tools and should not be considered in isolation, or as an alternative to, or a substitute for loss for the period, revenue or other financial statement data presented in the Company’s consolidated financial statements as indicators of financial performance. Some of the limitations are: such measures do not reflect revenue related to fulfillment, which is necessary to the operation of Wallbox’s business; such measures do not reflect the Company’s expenditures, or future requirements for capital expenditures or contractual commitments; such measures do not reflect changes in the Company’s working capital needs; such measures do not reflect the Company’s share based payments, income tax benefit/(expense) or the amounts necessary to pay its taxes; although depreciation and amortization are not included in the calculation of Adjusted EBITDA,

the assets being depreciated and amortized will often have to be replaced in the future and such measures do not reflect any costs for such replacements; and other companies may calculate such measures differently than Wallbox does, limiting their usefulness as comparative measures.

Due to these limitations, Adjusted EBITDA should not be considered as a measure of discretionary cash available to Wallbox to invest in the growth of its business and are in addition to, not a substitute for or superior to, measures of financial performance prepared in accordance with IFRS. In addition, the Non-IFRS Measures Wallbox uses may differ from the non-IFRS financial measures used by other companies and are not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with IFRS. Furthermore, not all companies or analysts may calculate similarly titled measures in the same manner. The Company compensates for these limitations by relying primarily on its IFRS results and using the Non-IFRS Measures only as supplemental measures.

Reconciliations of the forward-looking Non-IFRS Measures to the most directly comparable IFRS measures cannot be provided without unreasonable efforts and are not provided herein because of the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations and certain other items reflected in our reconciliation of historical Non-IFRS Measures, the amounts of which could be material.

About Wallbox

Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine the relationship between users and the network. Wallbox goes beyond charging electric vehicles to give users the power to control their consumption, save money and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public, and public use in more than 100 countries around the world. Founded in 2015 in Barcelona, where the company’s headquarters are located, Wallbox currently has offices across Europe, Asia, and America. For more information, visit www.wallbox.com

Wallbox Public Relations Contact: Wallbox Investor Contact:

Albert Cabanes Michael Wilhelm

Public Relations Corporate Development & IR

Press@wallbox.com Investors@wallbox.com

Source: Wallbox N.V.

Exhibit 99.2

FAQ

What were Wallbox (WBX) revenues and margins in Q1 2026?

Wallbox reported Q1 2026 revenue of €29.7 million with a 37.3% gross margin. The company remained loss-making but showed improved efficiency, using cost reductions and inventory cuts to narrow adjusted EBITDA losses compared with the prior year.

How profitable was Wallbox (WBX) in the first quarter of 2026?

Wallbox posted an operating loss of €11.7 million in Q1 2026 and adjusted EBITDA of €(6.0) million. Management emphasized a 23% year-over-year improvement in adjusted EBITDA and a 31% reduction in labor and operating expenses, showing progress toward better profitability.

What is Wallbox (WBX) expecting for Q2 2026 revenue and margins?

For the second quarter of 2026, Wallbox expects revenue between €33 million and €36 million. It also forecasts a gross margin of 38–40% and negative adjusted EBITDA between €(5) million and €(3) million, indicating continued losses but planned margin improvement.

How is Wallbox (WBX) improving costs and efficiency in 2026?

Wallbox reported a 31% year-over-year reduction in labor and operating expenses in Q1 2026. It also reduced inventory by 15% compared with the previous quarter, which management said helped generate incremental cash flow and supported better adjusted EBITDA performance.

What financing and restructuring steps did Wallbox (WBX) take in Q1 2026?

During Q1 2026 Wallbox secured €11 million in interim financing and signed a comprehensive restructuring plan. Management stated these actions enhance the company’s long-term financial visibility and support its efforts to move toward growth and profitability.

Which products and regions drove Wallbox (WBX) Q1 2026 sales?

In Q1 2026, AC chargers generated €21.1 million or 71% of revenue, while DC chargers and software, services and others contributed €2.5 million and €6.1 million. Europe led geographically with €22.6 million, followed by North America with €6.7 million.

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 48.2 KB
• EX-99.2 EX-99.2 14.7 KB