diff --git a/codex-rs/memories/write/src/metrics.rs b/codex-rs/memories/write/src/metrics.rs
index caa77565db..408c366928 100644
--- a/codex-rs/memories/write/src/metrics.rs
+++ b/codex-rs/memories/write/src/metrics.rs
@@ -1,4 +1,5 @@
 pub(crate) const MEMORY_STARTUP: &str = "codex.memory.startup";
+pub(crate) const MEMORY_STORAGE_BYTES: &str = "codex.memory.storage_bytes";
 
 pub(crate) const MEMORY_PHASE_ONE_JOBS: &str = "codex.memory.phase1";
 pub(crate) const MEMORY_PHASE_ONE_E2E_MS: &str = "codex.memory.phase1.e2e_ms";
diff --git a/codex-rs/memories/write/src/phase2.rs b/codex-rs/memories/write/src/phase2.rs
index 82ed4d5394..d6d245f591 100644
--- a/codex-rs/memories/write/src/phase2.rs
+++ b/codex-rs/memories/write/src/phase2.rs
@@ -135,7 +135,7 @@ pub async fn run(
     {
         tracing::error!("Phase 2 no changes");
         // We check only after sync of the file system.
-        job::succeed(
+        if job::succeed(
             context.as_ref(),
             &db,
             &claim,
@@ -143,7 +143,11 @@ pub async fn run(
             &raw_memories,
             "succeeded_no_workspace_changes",
         )
-        .await;
+        .await
+        {
+            drop(phase_two_e2e_timer);
+            context.record_storage_size(&root).await;
+        }
         return;
     }
 
@@ -373,7 +377,6 @@ mod agent {
             let Some(db) = context.memory_store().await else {
                 return;
             };
-            let _phase_two_e2e_timer = phase_two_e2e_timer;
             let SpawnedConsolidationAgent { thread_id, thread } = agent;
 
             // Loop the agent until we have the final status.
@@ -457,6 +460,9 @@ mod agent {
                         tracing::error!(
                             "failed marking global memory consolidation job succeeded after resetting workspace baseline"
                         );
+                    } else {
+                        drop(phase_two_e2e_timer);
+                        context.record_storage_size(&memory_root).await;
                     }
                 }
             } else if !agent_completed {
diff --git a/codex-rs/memories/write/src/runtime.rs b/codex-rs/memories/write/src/runtime.rs
index 3efdfb21c5..83d2d205bb 100644
--- a/codex-rs/memories/write/src/runtime.rs
+++ b/codex-rs/memories/write/src/runtime.rs
@@ -1,3 +1,5 @@
+use crate::metrics::MEMORY_STORAGE_BYTES;
+use crate::workspace::memory_storage_bytes;
 use codex_core::CodexThread;
 use codex_core::ModelClient;
 use codex_core::NewThread;
@@ -38,6 +40,7 @@ use codex_rollout_trace::InferenceTraceContext;
 use codex_state::MemoryStore;
 use codex_terminal_detection::user_agent;
 use futures::StreamExt;
+use std::path::Path;
 use std::sync::Arc;
 use std::time::Duration;
 
@@ -210,6 +213,36 @@ impl MemoryStartupContext {
         self.thread_id
     }
 
+    pub(crate) async fn record_storage_size(&self, root: &Path) {
+        let bytes = match memory_storage_bytes(root).await {
+            Ok(bytes) => bytes,
+            Err(err) => {
+                tracing::warn!("failed measuring memory storage size: {err}");
+                return;
+            }
+        };
+        self.session_telemetry.histogram_with_boundaries(
+            MEMORY_STORAGE_BYTES,
+            i64::try_from(bytes).unwrap_or(i64::MAX),
+            // Log-spaced byte buckets cover small summaries through large memory collections.
+            &[
+                0.0,
+                1_024.0,
+                4_096.0,
+                16_384.0,
+                65_536.0,
+                262_144.0,
+                1_048_576.0,
+                4_194_304.0,
+                16_777_216.0,
+                67_108_864.0,
+                268_435_456.0,
+                1_073_741_824.0,
+            ],
+            &memory_metric_tags(self.version, &[]),
+        );
+    }
+
     pub(crate) async fn memory_store(&self) -> Option<MemoryStore> {
         match self
             .thread
diff --git a/codex-rs/memories/write/src/workspace.rs b/codex-rs/memories/write/src/workspace.rs
index e7081fa351..76b9fda9ad 100644
--- a/codex-rs/memories/write/src/workspace.rs
+++ b/codex-rs/memories/write/src/workspace.rs
@@ -48,6 +48,26 @@ pub async fn reset_memory_workspace_baseline(root: &Path) -> anyhow::Result<()>
     reset_git_repository(root).await
 }
 
+/// Sums regular-file contents without reading them, excluding git metadata and symbolic links.
+pub(crate) async fn memory_storage_bytes(root: &Path) -> std::io::Result<u64> {
+    let mut paths = vec![root.to_path_buf()];
+    let mut bytes = 0_u64;
+    while let Some(path) = paths.pop() {
+        let metadata = tokio::fs::symlink_metadata(&path).await?;
+        if metadata.is_file() {
+            bytes = bytes.saturating_add(metadata.len());
+        } else if metadata.is_dir() {
+            let mut entries = tokio::fs::read_dir(&path).await?;
+            while let Some(entry) = entries.next_entry().await? {
+                if entry.file_name() != ".git" {
+                    paths.push(entry.path());
+                }
+            }
+        }
+    }
+    Ok(bytes)
+}
+
 /// Verifies that a completed consolidation run left the required memory artifacts in place.
 pub async fn validate_consolidation_artifacts(root: &Path) -> anyhow::Result<()> {
     validate_consolidation_artifacts_for_version(root, MemoryVersion::V1).await
diff --git a/codex-rs/memories/write/src/workspace_tests.rs b/codex-rs/memories/write/src/workspace_tests.rs
index 4b0fe7a01b..96ac98f5f1 100644
--- a/codex-rs/memories/write/src/workspace_tests.rs
+++ b/codex-rs/memories/write/src/workspace_tests.rs
@@ -48,12 +48,51 @@ async fn reset_memory_workspace_baseline_removes_generated_diff() {
         .expect("reset baseline");
 
     assert!(!root.join(crate::workspace_diff::FILENAME).exists());
+    assert_eq!(memory_storage_bytes(&root).await.expect("storage size"), 6);
     let diff = memory_workspace_diff(&root)
         .await
         .expect("load workspace diff");
     assert_eq!(diff.changes, Vec::new());
 }
 
+#[tokio::test]
+async fn memory_storage_size_counts_nested_files_but_not_git_or_symlinks() -> anyhow::Result<()> {
+    let home = TempDir::new()?;
+    for version in [MemoryVersion::V1, MemoryVersion::V2] {
+        let root = home.path().join(version.directory_name());
+        fs::create_dir_all(root.join("rollout_summaries"))?;
+        fs::create_dir_all(root.join("extensions/notes"))?;
+        fs::create_dir_all(root.join(".git/objects"))?;
+        fs::write(
+            root.join(".git/objects/baseline"),
+            "git metadata is not memory",
+        )?;
+        let files = [
+            ("memory_summary.md", "summary"),
+            ("rollout_summaries/thread.md", "rollout"),
+            ("extensions/notes/note.md", "café"),
+        ];
+        for (path, content) in files {
+            fs::write(root.join(path), content)?;
+        }
+        #[cfg(unix)]
+        {
+            use std::os::unix::fs::symlink;
+            symlink(root.join("memory_summary.md"), root.join("file-link"))?;
+            symlink(&root, root.join("directory-loop"))?;
+            symlink(root.join("missing"), root.join("broken-link"))?;
+        }
+        assert_eq!(
+            memory_storage_bytes(&root).await?,
+            files
+                .iter()
+                .map(|(_, content)| content.len() as u64)
+                .sum::<u64>(),
+        );
+    }
+    Ok(())
+}
+
 #[tokio::test]
 async fn prepare_memory_workspace_recovers_unusable_git_dir() {
     let home = TempDir::new().expect("tempdir");