WBX NYSE Miscellaneous Electrical Machinery, Equipment & Supplies Financials FY2019βFY2025
Wallbox N.V. had $164M of revenue in fiscal 2025, down 7.7% on the year before. Over five years, revenue changed +48.8% a year on average.
Hi! I read Wallbox N.V.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
β7.7%
No. Sales fell 7.7% last year.
Does it make a profit?
β71.1%
No. It lost money last year.
Does profit turn into cash?
6.5%
Partly. 6.5% of sales ends up as free cash.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Wallbox N.V. had $164M of revenue in fiscal 2025, down 7.7% on the year before. Over five years, revenue changed +48.8% a year on average. Its operating margin was β68.4%, up 13.2Β pts: of every 100 in sales, about β68 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Margins, % of revenue
KIRA Β· Wallbox N.V. lost $116M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $10.6M in fiscal 2025, 6.5% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $5.0M of shares on the open market and sold none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$5.0M
4 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 30, 2026 | Enric Asuncion EscorsaChief Executive Officer, Director | Bought | 325,885 | $2.72 | $0.9M | Form 4 |
| Jun 30, 2026 | Francisco Jose Riberas MeraDirector | Bought | 501,361 | $2.72 | $1.4M | Form 4 |
| Jun 30, 2026 | Marc Sabe RicherDirector | Bought | 501,361 | $2.72 | $1.4M | Form 4 |
| Jun 30, 2026 | Pedro Alonso AgueraDirector | Bought | 501,361 | $2.72 | $1.4M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· Wallbox N.V. owes $192M more than it holds in cash.
Cash, debt and the ratios that show how comfortably Wallbox N.V. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $129M | $88.9M | $112M | $20.8M | $5.2M |
| Debt incl. finance leases | $0.1M | $154M | $253M | $223M | $198M |
| Debt / equity | 0.0x | 0.9x | 1.5x | 3.3x | β |
| Interest coverage | β1.7x | β17.4x | β7.0x | β5.7x | β5.5x |
| Current ratio | 1.5x | 1.4x | β | β | β |
| Quick ratio | 1.3x | 0.8x | β | β | β |
| Total assets | $388M | $450M | $534M | $367M | $281M |
| Total liabilities | $240M | $270M | $369M | $302M | $318M |
| Shareholders' equity | $148M | $180M | $166M | $67.3M | β$37.2M |
| Net debt (β = net cash) | β$129M | $65.6M | $141M | $202M | $192M |
KIRA Β· Its return on capital was β57.0%: every 100 invested in the business earned about β57 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β |
| F-score | β / 3 | β / 5 | 2 / 7 | 2 / 7 | β / 6 | β / 6 | β / 6 |
| Accruals ratio | β2.2% | 0.4% | β74.6% | 18.4% | β10.5% | β24.1% | β39.4% |
| Altman Z'' | β | β0.03 | β1.21 | β2.66 | β | β | β |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $9.0M | $22.4M | $84.7M | $152M | $155M | $177M | $164M |
| Operating income | β$6.0M | β$12.5M | β$63.4M | β$146M | β$116M | β$145M | β$112M |
| Interest expense | $0.3M | $1.2M | $37.9M | $8.4M | $16.5M | $25.6M | $20.2M |
| Pretax income | β$6.9M | β$14.0M | β$267M | β$71.2M | β$122M | β$171M | β$116M |
| Income tax | β | β$1.0M | β$2.1M | β$5.2M | β$0.8M | β$7.3M | $0.1M |
| Net income | β$6.9M | β$13.0M | β$265M | β$66.0M | β$121M | β$164M | β$116M |
| Diluted EPS | β | β | β$2.35 | β$0.40 | β$12.91 | β$14.20 | β$0.76 |
| Diluted shares | β | 0.09B | β | β | β | β | β |
| Cash flow | |||||||
| Cash from operations | β$6.1M | β$13.3M | β$82.4M | β$143M | β$69.3M | β$55.7M | $11.3M |
| Capital expenditure | $0.6M | $4.7M | $12.7M | $39.7M | $13.2M | $8.9M | $0.7M |
| Free cash flow | β$6.7M | β$18.0M | β$95.0M | β$183M | β$82.5M | β$64.7M | $10.6M |
| Depreciation and amortization | $0.9M | $2.7M | $10.0M | $19.9M | $30.8M | $41.0M | $38.6M |
| Stock-based compensation | $0.6M | $3.2M | $2.9M | $34.3M | $18.0M | $4.1M | $2.4M |
| Balance sheet | |||||||
| Cash and short-term investments | $7.2M | $27.4M | $129M | $88.9M | $112M | $20.8M | $5.2M |
| Total debt | β | $28.1M | $0.1M | $154M | $253M | $223M | $198M |
| Current assets | β | $50.9M | $285M | $272M | β | β | β |
| Current liabilities | β | $29.1M | $193M | $191M | $211M | $183M | $202M |
| Inventory | β | $8.9M | $31.1M | $114M | $102M | $72.8M | $55.8M |
| Property and equipment, net | $1.6M | $6.7M | $28.6M | $61.7M | $84.2M | $70.5M | $66.7M |
| Goodwill | β | $7.6M | $7.0M | $16.1M | $14.8M | $11.6M | $12.7M |
| Intangible assets | $11.1M | $28.4M | $42.3M | $64.8M | $104M | $79.1M | $46.7M |
| Total assets | $36.5M | $100M | $388M | $450M | $534M | $367M | $281M |
| Total liabilities | $25.9M | $85.4M | $240M | $270M | $369M | $302M | $318M |
| Shareholders' equity | $10.5M | $15.0M | $148M | $180M | $166M | $67.3M | β$37.2M |
| Margins | |||||||
| Operating margin | β66.9% | β55.8% | β74.8% | β96.3% | β74.4% | β81.6% | β68.4% |
| EBITDA margin | β57.4% | β43.7% | β63.0% | β83.2% | β54.6% | β58.5% | β44.9% |
| Net margin | β76.5% | β57.9% | β312.6% | β43.6% | β78.0% | β92.6% | β71.1% |
| FCF margin | β74.3% | β80.1% | β112.2% | β120.7% | β53.1% | β36.5% | 6.5% |
| Returns | |||||||
| Return on capital | β | β63.0% | β256.0% | β46.8% | β29.8% | β42.5% | β57.0% |
| Return on capital employed | β | β17.5% | β32.5% | β56.3% | β35.7% | β78.6% | β141.5% |
| Return on equity | β65.2% | β101.7% | β323.8% | β40.1% | β70.1% | β141.0% | β773.7% |
| Return on assets | β18.8% | β19.0% | β108.4% | β15.8% | β24.6% | β36.4% | β35.9% |
| Return on tangible equity | β | β | β266.7% | β66.4% | β258.9% | β | β |
| Growth | |||||||
| Revenue growth | β | 149.8% | 277.5% | 79.0% | 2.6% | 14.1% | β7.7% |
| Financial health | |||||||
| Debt / equity | β | 1.9x | 0.0x | 0.9x | 1.5x | 3.3x | β |
| Interest coverage | β20.1x | β10.9x | β1.7x | β17.4x | β7.0x | β5.7x | β5.5x |
| Current ratio | β | 1.8x | 1.5x | 1.4x | β | β | β |
| Quick ratio | β | 1.4x | 1.3x | 0.8x | β | β | β |
| Capital allocation | |||||||
| Capex / revenue | 6.7% | 21.0% | 15.0% | 26.2% | 8.5% | 5.0% | 0.4% |
| Stock comp / revenue | 7.0% | 14.1% | 3.4% | 22.6% | 11.6% | 2.3% | 1.4% |
| Quality scores | |||||||
| Piotroski F-score | β | β | 2.0 | 2.0 | β | β | β |
| Altman Z'' | β | β0.0 | β1.2 | β2.7 | β | β | β |
| Accruals ratio | β2.2% | 0.4% | β74.6% | 18.4% | β10.5% | β24.1% | β39.4% |
Source: SEC EDGAR XBRL filings (CIK 0001866501). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. Filed in EUR under IFRS and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only β not investment advice. Check the original filings before relying on any figure.
