diff --git a/crates/napi/src/next_api/project.rs b/crates/napi/src/next_api/project.rs
index c949c85050bed..f6f41b020a13d 100644
--- a/crates/napi/src/next_api/project.rs
+++ b/crates/napi/src/next_api/project.rs
@@ -893,6 +893,10 @@ pub fn project_hmr_identifiers_subscribe(
     )
 }
 
+struct NapiUpdateInfoOpts {
+    include_reasons: bool,
+}
+
 enum UpdateMessage {
     Start,
     End(UpdateInfo),
@@ -904,8 +908,8 @@ struct NapiUpdateMessage {
     pub value: Option<NapiUpdateInfo>,
 }
 
-impl From<UpdateMessage> for NapiUpdateMessage {
-    fn from(update_message: UpdateMessage) -> Self {
+impl NapiUpdateMessage {
+    fn from_update_message(update_message: UpdateMessage, opts: NapiUpdateInfoOpts) -> Self {
         match update_message {
             UpdateMessage::Start => NapiUpdateMessage {
                 update_type: "start".to_string(),
@@ -913,7 +917,7 @@ impl From<UpdateMessage> for NapiUpdateMessage {
             },
             UpdateMessage::End(info) => NapiUpdateMessage {
                 update_type: "end".to_string(),
-                value: Some(info.into()),
+                value: Some(NapiUpdateInfo::from_update_info(info, opts)),
             },
         }
     }
@@ -923,13 +927,27 @@ impl From<UpdateMessage> for NapiUpdateMessage {
 struct NapiUpdateInfo {
     pub duration: u32,
     pub tasks: u32,
+    /// A human-readable list of invalidation reasons (typically changed file paths) if known. Will
+    /// be `None` if [`NapiUpdateInfoOpts::include_reasons`] is `false` or if no reason was
+    /// specified (not every invalidation includes a reason).
+    pub reasons: Option<String>,
 }
 
-impl From<UpdateInfo> for NapiUpdateInfo {
-    fn from(update_info: UpdateInfo) -> Self {
+impl NapiUpdateInfo {
+    fn from_update_info(update_info: UpdateInfo, opts: NapiUpdateInfoOpts) -> Self {
         Self {
-            duration: update_info.duration.as_millis() as u32,
-            tasks: update_info.tasks as u32,
+            // u32::MAX in milliseconds is 49.71 days
+            duration: update_info
+                .duration
+                .as_millis()
+                .try_into()
+                .expect("update duration in milliseconds should not exceed u32::MAX"),
+            tasks: update_info
+                .tasks
+                .try_into()
+                .expect("number of tasks should not exceed u32::MAX"),
+            reasons: (opts.include_reasons && !update_info.reasons.is_empty())
+                .then(|| update_info.reasons.to_string()),
         }
     }
 }
@@ -949,12 +967,17 @@ impl From<UpdateInfo> for NapiUpdateInfo {
 pub fn project_update_info_subscribe(
     #[napi(ts_arg_type = "{ __napiType: \"Project\" }")] project: External<ProjectInstance>,
     aggregation_ms: u32,
+    include_reasons: bool,
     func: JsFunction,
 ) -> napi::Result<()> {
-    let func: ThreadsafeFunction<UpdateMessage> = func.create_threadsafe_function(0, |ctx| {
-        let message = ctx.value;
-        Ok(vec![NapiUpdateMessage::from(message)])
-    })?;
+    let func: ThreadsafeFunction<UpdateMessage> =
+        func.create_threadsafe_function(0, move |ctx| {
+            let message = ctx.value;
+            Ok(vec![NapiUpdateMessage::from_update_message(
+                message,
+                NapiUpdateInfoOpts { include_reasons },
+            )])
+        })?;
     let turbo_tasks = project.turbo_tasks.clone();
     tokio::spawn(async move {
         loop {
diff --git a/packages/next/src/build/swc/generated-native.d.ts b/packages/next/src/build/swc/generated-native.d.ts
index afd4742289fb6..a381dec9c09ca 100644
--- a/packages/next/src/build/swc/generated-native.d.ts
+++ b/packages/next/src/build/swc/generated-native.d.ts
@@ -246,6 +246,12 @@ export interface NapiUpdateMessage {
 export interface NapiUpdateInfo {
   duration: number
   tasks: number
+  /**
+   * A human-readable list of invalidation reasons (typically changed file paths) if known. Will
+   * be `None` if [`NapiUpdateInfoOpts::include_reasons`] is `false` or if no reason was
+   * specified (not every invalidation includes a reason).
+   */
+  reasons?: string
 }
 /**
  * Subscribes to lifecycle events of the compilation.
@@ -263,6 +269,7 @@ export interface NapiUpdateInfo {
 export function projectUpdateInfoSubscribe(
   project: { __napiType: 'Project' },
   aggregationMs: number,
+  includeReasons: boolean,
   func: (...args: any[]) => any
 ): void
 export interface StackFrame {
diff --git a/packages/next/src/build/swc/index.ts b/packages/next/src/build/swc/index.ts
index da0abf7c7773a..fbfbb9d940c82 100644
--- a/packages/next/src/build/swc/index.ts
+++ b/packages/next/src/build/swc/index.ts
@@ -40,6 +40,7 @@ import type {
   TurbopackResult,
   TurbopackStackFrame,
   Update,
+  UpdateInfoOpts,
   UpdateMessage,
   WrittenEndpoint,
 } from './types'
@@ -761,11 +762,12 @@ function bindingToApi(
       return binding.projectGetSourceMap(this._nativeProject, filePath)
     }
 
-    updateInfoSubscribe(aggregationMs: number) {
+    updateInfoSubscribe(opts: UpdateInfoOpts) {
       return subscribe<TurbopackResult<UpdateMessage>>(true, async (callback) =>
         binding.projectUpdateInfoSubscribe(
           this._nativeProject,
-          aggregationMs,
+          opts.aggregationMs,
+          opts.includeReasons ?? false,
           callback
         )
       )
diff --git a/packages/next/src/build/swc/types.ts b/packages/next/src/build/swc/types.ts
index a206b86a13991..8c6a4df0b0363 100644
--- a/packages/next/src/build/swc/types.ts
+++ b/packages/next/src/build/swc/types.ts
@@ -4,8 +4,11 @@ import type {
   ExternalObject,
   NextTurboTasks,
   RefCell,
+  NapiUpdateInfo as UpdateInfo,
 } from './generated-native'
 
+export type { NapiUpdateInfo as UpdateInfo } from './generated-native'
+
 export interface Binding {
   isWasm: boolean
   turbo: {
@@ -195,9 +198,9 @@ export type UpdateMessage =
       value: UpdateInfo
     }
 
-export interface UpdateInfo {
-  duration: number
-  tasks: number
+export interface UpdateInfoOpts {
+  aggregationMs: number
+  includeReasons?: boolean
 }
 
 export interface Project {
@@ -220,7 +223,7 @@ export interface Project {
   ): Promise<TurbopackStackFrame | null>
 
   updateInfoSubscribe(
-    aggregationMs: number
+    opts?: UpdateInfoOpts
   ): AsyncIterableIterator<TurbopackResult<UpdateMessage>>
 
   shutdown(): Promise<void>
diff --git a/packages/next/src/server/dev/hot-reloader-turbopack.ts b/packages/next/src/server/dev/hot-reloader-turbopack.ts
index 591872617a6e6..aea9890c4742a 100644
--- a/packages/next/src/server/dev/hot-reloader-turbopack.ts
+++ b/packages/next/src/server/dev/hot-reloader-turbopack.ts
@@ -93,6 +93,7 @@ const isTestMode = !!(
   process.env.__NEXT_TEST_MODE ||
   process.env.DEBUG
 )
+const includeUpdateReasons = !!process.env.NEXT_TURBOPACK_INCLUDE_UPDATE_REASONS
 
 const sessionId = Math.floor(Number.MAX_SAFE_INTEGER * Math.random())
 
@@ -1018,13 +1019,21 @@ export async function createHotReloaderTurbopack(
   })
 
   async function handleProjectUpdates() {
-    for await (const updateMessage of project.updateInfoSubscribe(30)) {
+    for await (const updateMessage of project.updateInfoSubscribe({
+      aggregationMs: 30,
+      includeReasons: includeUpdateReasons,
+    })) {
       switch (updateMessage.updateType) {
         case 'start': {
           hotReloader.send({ action: HMR_ACTIONS_SENT_TO_BROWSER.BUILDING })
           break
         }
         case 'end': {
+          if (updateMessage.value.reasons) {
+            // debug: only populated when `process.env.NEXT_TURBOPACK_INCLUDE_UPDATE_REASONS` is set
+            // and a reason was supplied when the invalidation happened (not always true)
+            console.log('[Update Reasons]', updateMessage.value.reasons)
+          }
           sendEnqueuedMessages()
 
           function addErrors(