diff --git a/frontend/apps/artcraft-dashboard/src/App.tsx b/frontend/apps/artcraft-dashboard/src/App.tsx
index 3fcd83ea00..4054c2e898 100644
--- a/frontend/apps/artcraft-dashboard/src/App.tsx
+++ b/frontend/apps/artcraft-dashboard/src/App.tsx
@@ -23,6 +23,7 @@ import { JobInfo } from "@/pages/JobInfo";
 import { JobTokenSearch } from "@/pages/JobTokenSearch";
 import { DebugLogs } from "@/pages/DebugLogs";
 import { DebugLogsSearch } from "@/pages/DebugLogsSearch";
+import { SpendEvents } from "@/pages/SpendEvents";
 import { NotFoundPage } from "@/pages/NotFound";
 import { Spinner } from "./components/ui/spinner";
 import { ThemeProvider } from "@/components/theme-provider";
@@ -62,6 +63,7 @@ function AppRoutes() {
         <Route path="stripe-lookup" element={<StripeLookup />} />
         <Route path="user-signups" element={<UserSignups />} />
         <Route path="subscriber-signups" element={<SubscriberSignups />} />
+        <Route path="spend-events" element={<SpendEvents />} />
         <Route path="impersonation" element={<Impersonation />} />
         <Route path="staff-audit-logs" element={<StaffAuditLogs />} />
         <Route path="send-pager" element={<SendPager />} />
diff --git a/frontend/apps/artcraft-dashboard/src/api/ModerationApi.ts b/frontend/apps/artcraft-dashboard/src/api/ModerationApi.ts
index 23e94f082d..098da5c11c 100644
--- a/frontend/apps/artcraft-dashboard/src/api/ModerationApi.ts
+++ b/frontend/apps/artcraft-dashboard/src/api/ModerationApi.ts
@@ -84,7 +84,65 @@ export interface ModeratorUserLookupResponse {
   username_is_not_customized: boolean;
 }
 
+export interface UserSpendEvent {
+  token: string;
+  payments_namespace: string;
+  maybe_user_token: string | null;
+  maybe_username: string | null;
+  maybe_display_name: string | null;
+  maybe_email_gravatar_hash: string | null;
+  event_type: string;
+  amount_usd_cents: number;
+  maybe_credits_granted: number | null;
+  payment_source: string;
+  maybe_source_object_id: string | null;
+  maybe_stripe_invoice_id: string | null;
+  maybe_stripe_payment_intent_id: string | null;
+  maybe_stripe_charge_id: string | null;
+  maybe_stripe_customer_id: string | null;
+  is_production: boolean;
+  payment_occurred_at: string;
+  created_at: string;
+}
+
 export class ModerationApi extends ApiManager {
+  // Spend events list (offset-paginated, newest payment first).
+  public async ListUserSpendEvents(
+    offset?: number | null,
+    payments_namespace?: string,
+  ): Promise<
+    ApiResponse<{
+      events: UserSpendEvent[];
+      next_offset: number | null;
+    }>
+  > {
+    const endpoint = `${this.getApiSchemeAndHost()}/v1/moderation/user_spend_events/list`;
+    return await this.get<{
+      success: boolean;
+      events: UserSpendEvent[];
+      maybe_next_offset: number | null;
+      error_message?: string;
+    }>({
+      endpoint,
+      query: {
+        offset: offset ?? undefined,
+        payments_namespace: payments_namespace ?? undefined,
+      },
+    })
+      .then((response) => ({
+        success: response.success,
+        data: {
+          events: response.events || [],
+          next_offset: response.maybe_next_offset ?? null,
+        },
+        errorMessage: response.error_message,
+      }))
+      .catch((err) => ({
+        success: false,
+        errorMessage: err.message,
+      }));
+  }
+
   public async UserLookup(
     search: string,
   ): Promise<ApiResponse<{ maybe_user?: ModeratorUserLookupResponse }>> {
diff --git a/frontend/apps/artcraft-dashboard/src/components/app-sidebar.tsx b/frontend/apps/artcraft-dashboard/src/components/app-sidebar.tsx
index bbb3a7bd13..d25b5fd4ec 100644
--- a/frontend/apps/artcraft-dashboard/src/components/app-sidebar.tsx
+++ b/frontend/apps/artcraft-dashboard/src/components/app-sidebar.tsx
@@ -10,6 +10,7 @@ import {
   IconFlag,
   IconKey,
   IconClipboardList,
+  IconCoin,
   IconMail,
   IconBellRinging,
   IconFileAi,
@@ -78,6 +79,11 @@ const data = {
       url: "/subscriber-signups",
       icon: IconCreditCard,
     },
+    {
+      title: "Spend Events",
+      url: "/spend-events",
+      icon: IconCoin,
+    },
     {
       title: "Impersonation Logs",
       url: "/impersonation",
diff --git a/frontend/apps/artcraft-dashboard/src/pages/SpendEvents.tsx b/frontend/apps/artcraft-dashboard/src/pages/SpendEvents.tsx
new file mode 100644
index 0000000000..9c07d8dbac
--- /dev/null
+++ b/frontend/apps/artcraft-dashboard/src/pages/SpendEvents.tsx
@@ -0,0 +1,329 @@
+import { useState, useEffect, useRef, useCallback } from "react";
+import { Link } from "react-router-dom";
+import { ModerationApi } from "@/api/ModerationApi";
+import type { UserSpendEvent } from "@/api/ModerationApi";
+import { Button } from "@/components/ui/button";
+import { Badge } from "@/components/ui/badge";
+import { Skeleton } from "@/components/ui/skeleton";
+import { Alert, AlertDescription } from "@/components/ui/alert";
+import {
+  Table,
+  TableHeader,
+  TableBody,
+  TableRow,
+  TableHead,
+  TableCell,
+} from "@/components/ui/table";
+import { useTableHeight } from "@/hooks/useTableHeight";
+import {
+  IconAlertCircle,
+  IconCoin,
+  IconRefresh,
+  IconLoader2,
+} from "@tabler/icons-react";
+import { usePageTitle } from "@/hooks/usePageTitle";
+
+const COLUMN_COUNT = 8;
+
+const usdFormatter = new Intl.NumberFormat("en-US", {
+  style: "currency",
+  currency: "USD",
+});
+
+function formatUsd(cents: number): string {
+  return usdFormatter.format(cents / 100);
+}
+
+function formatDate(iso: string): string {
+  return new Date(iso).toLocaleString("en-US", {
+    month: "short",
+    day: "numeric",
+    year: "numeric",
+    hour: "2-digit",
+    minute: "2-digit",
+  });
+}
+
+function stripeRef(event: UserSpendEvent): string | null {
+  return (
+    event.maybe_stripe_payment_intent_id ||
+    event.maybe_stripe_invoice_id ||
+    event.maybe_stripe_charge_id ||
+    event.maybe_source_object_id ||
+    null
+  );
+}
+
+export function SpendEvents() {
+  usePageTitle("Spend Events");
+  const [events, setEvents] = useState<UserSpendEvent[]>([]);
+  const [isLoading, setIsLoading] = useState(true);
+  const [isLoadingMore, setIsLoadingMore] = useState(false);
+  const [error, setError] = useState<string | null>(null);
+  const [nextOffset, setNextOffset] = useState<number | null>(null);
+
+  const cancelledRef = useRef(false);
+  const observerRef = useRef<IntersectionObserver | null>(null);
+  const sentinelRef = useRef<HTMLTableRowElement | null>(null);
+
+  const loadData = async (offset?: number | null, append = false) => {
+    if (!append) {
+      setIsLoading(true);
+      setError(null);
+    } else {
+      setIsLoadingMore(true);
+    }
+
+    try {
+      const modApi = new ModerationApi();
+      const resp = await modApi.ListUserSpendEvents(offset);
+
+      if (cancelledRef.current) return;
+
+      if (resp.success && resp.data) {
+        setEvents((prev) =>
+          append ? [...prev, ...resp.data!.events] : resp.data!.events,
+        );
+        setNextOffset(resp.data.next_offset);
+      } else {
+        setError(resp.errorMessage || "Failed to load spend events");
+      }
+    } catch (err: any) {
+      if (!cancelledRef.current)
+        setError(err.message || "Failed to load spend events");
+    } finally {
+      if (!cancelledRef.current) {
+        setIsLoading(false);
+        setIsLoadingMore(false);
+      }
+    }
+  };
+
+  const handleRefresh = () => {
+    setEvents([]);
+    setNextOffset(null);
+    loadData();
+  };
+
+  useEffect(() => {
+    cancelledRef.current = false;
+    loadData();
+    return () => {
+      cancelledRef.current = true;
+    };
+  }, []);
+
+  const loadMore = useCallback(() => {
+    if (!isLoadingMore && nextOffset != null) {
+      loadData(nextOffset, true);
+    }
+  }, [nextOffset, isLoadingMore]);
+
+  useEffect(() => {
+    if (observerRef.current) observerRef.current.disconnect();
+
+    observerRef.current = new IntersectionObserver(
+      (entries) => {
+        if (entries[0].isIntersecting) loadMore();
+      },
+      { threshold: 0.1 },
+    );
+
+    if (sentinelRef.current) {
+      observerRef.current.observe(sentinelRef.current);
+    }
+
+    return () => observerRef.current?.disconnect();
+  }, [loadMore]);
+
+  const { ref: tableRef, height: tableHeight } = useTableHeight();
+
+  return (
+    <div className="flex flex-col gap-6">
+      <div className="flex items-center gap-4">
+        <div className="flex-1 flex flex-col gap-2">
+          <h1 className="text-3xl font-bold tracking-tight flex items-center gap-3">
+            <IconCoin className="size-6 text-muted-foreground" />
+            Spend Events
+          </h1>
+          <p className="text-muted-foreground">
+            Every payment, refund, and credit grant, newest first
+          </p>
+        </div>
+        <Button
+          variant="outline"
+          size="sm"
+          onClick={handleRefresh}
+          disabled={isLoading}
+        >
+          <IconRefresh className={`size-4 ${isLoading ? "animate-spin" : ""}`} />
+          Refresh
+        </Button>
+      </div>
+
+      {error && (
+        <Alert variant="destructive" className="max-w-xl">
+          <IconAlertCircle className="size-4" />
+          <AlertDescription>{error}</AlertDescription>
+        </Alert>
+      )}
+
+      <div className="flex flex-col gap-4 flex-1 min-h-0">
+        <div ref={tableRef}>
+          {isLoading ? (
+            <Table containerClassName="rounded-xl border bg-card shadow-sm overflow-hidden">
+              <TableHeader>
+                <TableRow className="hover:bg-transparent bg-muted/30">
+                  <TableHead className="text-xs">When</TableHead>
+                  <TableHead className="text-xs">User</TableHead>
+                  <TableHead className="text-xs">Type</TableHead>
+                  <TableHead className="text-xs text-right">Amount</TableHead>
+                  <TableHead className="text-xs text-right">Credits</TableHead>
+                  <TableHead className="text-xs">Source</TableHead>
+                  <TableHead className="text-xs">Stripe Ref</TableHead>
+                  <TableHead className="text-xs">Env</TableHead>
+                </TableRow>
+              </TableHeader>
+              <TableBody>
+                {Array.from({ length: 12 }).map((_, i) => (
+                  <TableRow key={i}>
+                    {Array.from({ length: COLUMN_COUNT }).map((__, j) => (
+                      <TableCell key={j}>
+                        <Skeleton className="h-4 w-20" />
+                      </TableCell>
+                    ))}
+                  </TableRow>
+                ))}
+              </TableBody>
+            </Table>
+          ) : events.length === 0 ? (
+            <div className="flex flex-col items-center justify-center py-20 bg-muted/20 border border-dashed rounded-xl">
+              <IconCoin className="size-10 text-muted-foreground mb-4 opacity-20" />
+              <p className="text-muted-foreground">No spend events yet.</p>
+            </div>
+          ) : (
+            <Table
+              containerClassName="rounded-xl border bg-card shadow-sm min-h-[200px]"
+              containerStyle={{ maxHeight: tableHeight ?? "60vh" }}
+            >
+              <TableHeader className="sticky top-0 z-10 bg-card">
+                <TableRow className="hover:bg-transparent bg-muted/30">
+                  <TableHead className="text-xs">When</TableHead>
+                  <TableHead className="text-xs">User</TableHead>
+                  <TableHead className="text-xs">Type</TableHead>
+                  <TableHead className="text-xs text-right">Amount</TableHead>
+                  <TableHead className="text-xs text-right">Credits</TableHead>
+                  <TableHead className="text-xs">Source</TableHead>
+                  <TableHead className="text-xs">Stripe Ref</TableHead>
+                  <TableHead className="text-xs">Env</TableHead>
+                </TableRow>
+              </TableHeader>
+              <TableBody>
+                {events.map((event) => {
+                  const ref = stripeRef(event);
+                  const isRefund = event.amount_usd_cents < 0;
+                  return (
+                    <TableRow key={event.token} className="group">
+                      <TableCell className="text-sm text-muted-foreground tabular-nums whitespace-nowrap">
+                        {formatDate(event.payment_occurred_at)}
+                      </TableCell>
+                      <TableCell className="text-sm font-medium">
+                        {event.maybe_username ? (
+                          <Link
+                            to={`/user/profile/${event.maybe_username}`}
+                            className="hover:underline text-foreground"
+                          >
+                            @{event.maybe_username}
+                          </Link>
+                        ) : (
+                          <span className="text-muted-foreground/30">&mdash;</span>
+                        )}
+                        {event.maybe_display_name && (
+                          <span className="ml-2 text-xs text-muted-foreground">
+                            {event.maybe_display_name}
+                          </span>
+                        )}
+                      </TableCell>
+                      <TableCell className="text-xs">
+                        <Badge
+                          variant="secondary"
+                          className="text-[10px] font-mono bg-indigo-500/10 text-indigo-300 border-transparent"
+                        >
+                          {event.event_type}
+                        </Badge>
+                      </TableCell>
+                      <TableCell
+                        className={`text-sm text-right tabular-nums whitespace-nowrap ${
+                          isRefund ? "text-red-400" : "text-emerald-400"
+                        }`}
+                      >
+                        {formatUsd(event.amount_usd_cents)}
+                      </TableCell>
+                      <TableCell className="text-sm text-right tabular-nums text-muted-foreground">
+                        {event.maybe_credits_granted != null ? (
+                          event.maybe_credits_granted.toLocaleString()
+                        ) : (
+                          <span className="text-muted-foreground/30">&mdash;</span>
+                        )}
+                      </TableCell>
+                      <TableCell className="text-xs">
+                        <Badge
+                          variant="outline"
+                          className="text-[10px] text-muted-foreground"
+                        >
+                          {event.payment_source}
+                        </Badge>
+                      </TableCell>
+                      <TableCell className="text-xs font-mono text-muted-foreground/70">
+                        {ref ? (
+                          <span className="truncate max-w-[160px] inline-block align-bottom">
+                            {ref}
+                          </span>
+                        ) : (
+                          <span className="text-muted-foreground/30">&mdash;</span>
+                        )}
+                      </TableCell>
+                      <TableCell className="text-xs">
+                        {event.is_production ? (
+                          <Badge
+                            variant="outline"
+                            className="text-[10px] text-emerald-400 border-emerald-500/30"
+                          >
+                            prod
+                          </Badge>
+                        ) : (
+                          <Badge
+                            variant="outline"
+                            className="text-[10px] text-amber-400 border-amber-500/30"
+                          >
+                            test
+                          </Badge>
+                        )}
+                      </TableCell>
+                    </TableRow>
+                  );
+                })}
+                {nextOffset != null && (
+                  <TableRow ref={sentinelRef}>
+                    <TableCell colSpan={COLUMN_COUNT} className="text-center py-4">
+                      {isLoadingMore ? (
+                        <div className="flex items-center justify-center gap-2 text-muted-foreground">
+                          <IconLoader2 className="size-4 animate-spin" />
+                          Loading more...
+                        </div>
+                      ) : (
+                        <span className="text-muted-foreground/50">
+                          Scroll for more
+                        </span>
+                      )}
+                    </TableCell>
+                  </TableRow>
+                )}
+              </TableBody>
+            </Table>
+          )}
+        </div>
+      </div>
+    </div>
+  );
+}