The ROAS Problem Behind Jetson Electric's Growth Stall

Picture a DTC electric bike and scooter brand running paid spend across Meta, Google, and Amazon, selling through Shopify, growing fast enough that nobody's asking hard questions about efficiency yet. That's the setup we're using here: a brand like Jetson Electric, hitting a wall that a lot of e-mobility and other high-AOV DTC brands hit eventually.

Blended ROAS looked fine on paper. Revenue kept climbing quarter over quarter. But CAC crept up right alongside it, and margin quietly shrank while the top-line dashboard said everything was healthy.