diff --git a/fs/cachefiles/io.c b/fs/cachefiles/io.c
index e5c29c0decea..c05f64cdfd0e 100644
--- a/fs/cachefiles/io.c
+++ b/fs/cachefiles/io.c
@@ -303,6 +303,7 @@ static int cachefiles_write(struct netfs_cache_resources *cres,
 static enum netfs_read_source cachefiles_prepare_read(struct netfs_read_subrequest *subreq,
 						      loff_t i_size)
 {
+	enum cachefiles_prepare_read_trace why;
 	struct netfs_read_request *rreq = subreq->rreq;
 	struct netfs_cache_resources *cres = &rreq->cache_resources;
 	struct cachefiles_object *object;
@@ -312,26 +313,31 @@ static enum netfs_read_source cachefiles_prepare_read(struct netfs_read_subreque
 	struct file *file = cachefiles_cres_file(cres);
 	enum netfs_read_source ret = NETFS_DOWNLOAD_FROM_SERVER;
 	loff_t off, to;
+	ino_t ino = file ? file_inode(file)->i_ino : 0;
 
 	_enter("%zx @%llx/%llx", subreq->len, subreq->start, i_size);
 
 	if (subreq->start >= i_size) {
 		ret = NETFS_FILL_WITH_ZEROES;
+		why = cachefiles_trace_read_after_eof;
 		goto out_no_object;
 	}
 
 	if (test_bit(FSCACHE_COOKIE_NO_DATA_TO_READ, &cookie->flags)) {
 		__set_bit(NETFS_SREQ_WRITE_TO_CACHE, &subreq->flags);
+		why = cachefiles_trace_read_no_data;
 		goto out_no_object;
 	}
 
 	/* The object and the file may be being created in the background. */
 	if (!file) {
+		why = cachefiles_trace_read_no_file;
 		if (!fscache_wait_for_operation(cres, FSCACHE_WANT_READ))
 			goto out_no_object;
 		file = cachefiles_cres_file(cres);
 		if (!file)
 			goto out_no_object;
+		ino = file_inode(file)->i_ino;
 	}
 
 	object = cachefiles_cres_object(cres);
@@ -340,23 +346,31 @@ static enum netfs_read_source cachefiles_prepare_read(struct netfs_read_subreque
 
 	off = vfs_llseek(file, subreq->start, SEEK_DATA);
 	if (off < 0 && off >= (loff_t)-MAX_ERRNO) {
-		if (off == (loff_t)-ENXIO)
+		if (off == (loff_t)-ENXIO) {
+			why = cachefiles_trace_read_seek_nxio;
 			goto download_and_store;
+		}
+		why = cachefiles_trace_read_seek_error;
 		goto out;
 	}
 
-	if (off >= subreq->start + subreq->len)
+	if (off >= subreq->start + subreq->len) {
+		why = cachefiles_trace_read_found_hole;
 		goto download_and_store;
+	}
 
 	if (off > subreq->start) {
 		off = round_up(off, cache->bsize);
 		subreq->len = off - subreq->start;
+		why = cachefiles_trace_read_found_part;
 		goto download_and_store;
 	}
 
 	to = vfs_llseek(file, subreq->start, SEEK_HOLE);
-	if (to < 0 && to >= (loff_t)-MAX_ERRNO)
+	if (to < 0 && to >= (loff_t)-MAX_ERRNO) {
+		why = cachefiles_trace_read_seek_error;
 		goto out;
+	}
 
 	if (to < subreq->start + subreq->len) {
 		if (subreq->start + subreq->len >= i_size)
@@ -366,6 +380,7 @@ static enum netfs_read_source cachefiles_prepare_read(struct netfs_read_subreque
 		subreq->len = to - subreq->start;
 	}
 
+	why = cachefiles_trace_read_have_data;
 	ret = NETFS_READ_FROM_CACHE;
 	goto out;
 
@@ -375,6 +390,7 @@ static enum netfs_read_source cachefiles_prepare_read(struct netfs_read_subreque
 out:
 	cachefiles_end_secure(cache, saved_cred);
 out_no_object:
+	trace_cachefiles_prep_read(subreq, ret, why, ino);
 	return ret;
 }
 
diff --git a/fs/cachefiles/main.c b/fs/cachefiles/main.c
index dc7731812b98..522fda828563 100644
--- a/fs/cachefiles/main.c
+++ b/fs/cachefiles/main.c
@@ -18,6 +18,8 @@
 #include <linux/statfs.h>
 #include <linux/sysctl.h>
 #include <linux/miscdevice.h>
+#include <linux/netfs.h>
+#include <trace/events/netfs.h>
 #define CREATE_TRACE_POINTS
 #include "internal.h"
 
diff --git a/include/trace/events/cachefiles.h b/include/trace/events/cachefiles.h
index d98adabce92e..d63e5fb46d27 100644
--- a/include/trace/events/cachefiles.h
+++ b/include/trace/events/cachefiles.h
@@ -60,6 +60,17 @@ enum cachefiles_trunc_trace {
 	cachefiles_trunc_shrink,
 };
 
+enum cachefiles_prepare_read_trace {
+	cachefiles_trace_read_after_eof,
+	cachefiles_trace_read_found_hole,
+	cachefiles_trace_read_found_part,
+	cachefiles_trace_read_have_data,
+	cachefiles_trace_read_no_data,
+	cachefiles_trace_read_no_file,
+	cachefiles_trace_read_seek_error,
+	cachefiles_trace_read_seek_nxio,
+};
+
 #endif
 
 /*
@@ -103,6 +114,17 @@ enum cachefiles_trunc_trace {
 	EM(cachefiles_trunc_dio_adjust,		"DIOADJ")		\
 	E_(cachefiles_trunc_shrink,		"SHRINK")
 
+#define cachefiles_prepare_read_traces					\
+	EM(cachefiles_trace_read_after_eof,	"after-eof ")		\
+	EM(cachefiles_trace_read_found_hole,	"found-hole")		\
+	EM(cachefiles_trace_read_found_part,	"found-part")		\
+	EM(cachefiles_trace_read_have_data,	"have-data ")		\
+	EM(cachefiles_trace_read_no_data,	"no-data   ")		\
+	EM(cachefiles_trace_read_no_file,	"no-file   ")		\
+	EM(cachefiles_trace_read_seek_error,	"seek-error")		\
+	E_(cachefiles_trace_read_seek_nxio,	"seek-enxio")
+
+
 /*
  * Export enum symbols via userspace.
  */
@@ -115,6 +137,7 @@ cachefiles_obj_kill_traces;
 cachefiles_obj_ref_traces;
 cachefiles_coherency_traces;
 cachefiles_trunc_traces;
+cachefiles_prepare_read_traces;
 
 /*
  * Now redefine the EM() and E_() macros to map the enums to the strings that
@@ -324,6 +347,47 @@ TRACE_EVENT(cachefiles_coherency,
 		      __entry->content)
 	    );
 
+TRACE_EVENT(cachefiles_prep_read,
+	    TP_PROTO(struct netfs_read_subrequest *sreq,
+		     enum netfs_read_source source,
+		     enum cachefiles_prepare_read_trace why,
+		     ino_t cache_inode),
+
+	    TP_ARGS(sreq, source, why, cache_inode),
+
+	    TP_STRUCT__entry(
+		    __field(unsigned int,		rreq		)
+		    __field(unsigned short,		index		)
+		    __field(unsigned short,		flags		)
+		    __field(enum netfs_read_source,	source		)
+		    __field(enum cachefiles_prepare_read_trace,	why	)
+		    __field(size_t,			len		)
+		    __field(loff_t,			start		)
+		    __field(unsigned int,		netfs_inode	)
+		    __field(unsigned int,		cache_inode	)
+			     ),
+
+	    TP_fast_assign(
+		    __entry->rreq	= sreq->rreq->debug_id;
+		    __entry->index	= sreq->debug_index;
+		    __entry->flags	= sreq->flags;
+		    __entry->source	= source;
+		    __entry->why	= why;
+		    __entry->len	= sreq->len;
+		    __entry->start	= sreq->start;
+		    __entry->netfs_inode = sreq->rreq->inode->i_ino;
+		    __entry->cache_inode = cache_inode;
+			   ),
+
+	    TP_printk("R=%08x[%u] %s %s f=%02x s=%llx %zx ni=%x b=%x",
+		      __entry->rreq, __entry->index,
+		      __print_symbolic(__entry->source, netfs_sreq_sources),
+		      __print_symbolic(__entry->why, cachefiles_prepare_read_traces),
+		      __entry->flags,
+		      __entry->start, __entry->len,
+		      __entry->netfs_inode, __entry->cache_inode)
+	    );
+
 TRACE_EVENT(cachefiles_read,
 	    TP_PROTO(struct cachefiles_object *obj,
 		     struct inode *backer,
