Wallbox recorded net losses of €65.3 million in the first nine months of 2026, up 17.9% from €55.4 million in the same period a year earlier. The Barcelona-based electric vehicle charging equipment maker said supply constraints had delayed order deliveries and limited revenue.

Revenue from January to September fell 30.2% year over year, to €77.8 million from €111.4 million. The company said difficulties sourcing supplies had prevented demand from translating into deliveries and sales at the expected pace.

Third-quarter results showed some improvement. Wallbox posted a net loss of €17.3 million from July to September, 17% lower than a year earlier and 39% below its second-quarter loss. Reduced operating expenses and a less negative financial result compared with the previous quarter contributed to the improvement.

Quarterly revenue was €24.2 million, down 32% year over year and below Wallbox’s forecast of €29 million to €31 million. The company again pointed to supply constraints as the main factor weighing on its activity. It expects revenue of €29 million to €31 million in the final quarter of the year.

Wallbox had €16.9 million in outstanding orders at the end of September: €14.7 million for alternating-current charging products and €2.2 million for direct-current fast-charging systems. The company said turning those orders into deliveries, revenue and cash generation is a priority.

Chief executive and co-founder Enric Asunción said the company was working with suppliers to normalise supply over the coming months and make deliveries more reliable.

Wallbox is also cutting costs. Third-quarter operating expenses were €15 million, 34% lower than in the same period of 2025 and 13% below the second-quarter figure. Adjusted EBITDA was negative €5.3 million, compared with a loss of €7.8 million in the previous quarter.

Gross margin slipped to 36.5% from 38% in the second quarter, which the company attributed to a lower share of sales from higher-margin DC fast-charging solutions. Wallbox also said it secured an additional €4 million after the quarter ended through a convertible loan from existing shareholders.

Sources: elDiario.es.