diff --git a/doc/api/diagnostics_channel.md b/doc/api/diagnostics_channel.md
index b47f98ce64211c..919e3446c47236 100644
--- a/doc/api/diagnostics_channel.md
+++ b/doc/api/diagnostics_channel.md
@@ -1853,6 +1853,24 @@ Emitted when [`child_process.spawn()`][] encounters an error.
 
 Emitted when [`process.execve()`][] is invoked.
 
+#### Streams
+
+> Stability: 1 - Experimental
+
+<!-- YAML
+added: REPLACEME
+-->
+
+##### Event: `'stream.web.done'`
+
+* `stream` {ReadableStream} The stream that finished.
+
+Emitted when a [`ReadableStream`][] has finished, either because all data has
+been read or because the stream was cancelled. The event fires once per stream,
+after the stream has transitioned to the `'closed'` state. It is emitted for
+both the async iterator (`for await (...)`) and the direct reader
+(`reader.read()`, including BYOB readers) consumption paths.
+
 #### Web Locks
 
 > Stability: 1 - Experimental
@@ -1917,6 +1935,7 @@ Emitted when a new thread is created.
 [TracingChannel Channels]: #tracingchannel-channels
 [`'uncaughtException'`]: process.md#event-uncaughtexception
 [`BoundedChannel`]: #class-boundedchannel
+[`ReadableStream`]: webstreams.md#class-readablestream
 [`TracingChannel`]: #class-tracingchannel
 [`asyncEnd` event]: #asyncendevent
 [`asyncStart` event]: #asyncstartevent
diff --git a/lib/internal/webstreams/readablestream.js b/lib/internal/webstreams/readablestream.js
index 597135778a1e0f..be39117d04eb4b 100644
--- a/lib/internal/webstreams/readablestream.js
+++ b/lib/internal/webstreams/readablestream.js
@@ -136,6 +136,8 @@ const { Buffer } = require('buffer');
 
 const assert = require('internal/assert');
 
+const streamDoneChannel = require('diagnostics_channel').channel('stream.web.done');
+
 const kCancel = Symbol('kCancel');
 const kClose = Symbol('kClose');
 const kChunk = Symbol('kChunk');
@@ -463,6 +465,8 @@ class ReadableStream {
     validateObject(options, 'options', kValidateObjectAllowObjectsAndNull);
     const preventCancel = !!(options?.preventCancel);
 
+    const stream = this;
+
     // eslint-disable-next-line no-use-before-define
     const reader = new ReadableStreamDefaultReader(this);
 
@@ -490,8 +494,11 @@ class ReadableStream {
       }
       const promise = PromiseWithResolvers();
 
-      // eslint-disable-next-line no-use-before-define
-      readableStreamDefaultReaderRead(reader, new ReadableStreamAsyncIteratorReadRequest(reader, state, promise));
+      readableStreamDefaultReaderRead(
+        reader,
+        // eslint-disable-next-line no-use-before-define
+        new ReadableStreamAsyncIteratorReadRequest(reader, state, promise, stream),
+      );
       return promise.promise;
     }
 
@@ -509,10 +516,16 @@ class ReadableStream {
         const result = readableStreamReaderGenericCancel(reader, value);
         readableStreamReaderGenericRelease(reader);
         await result;
+        if (streamDoneChannel.hasSubscribers) {
+          streamDoneChannel.publish({ stream });
+        }
         return { done: true, value }; // eslint-disable-line node-core/avoid-prototype-pollution
       }
 
       readableStreamReaderGenericRelease(reader);
+      if (streamDoneChannel.hasSubscribers) {
+        streamDoneChannel.publish({ stream });
+      }
       return { done: true, value }; // eslint-disable-line node-core/avoid-prototype-pollution
     }
 
@@ -760,10 +773,11 @@ function createReadableStreamBYOBRequest(controller, view) {
 }
 
 class ReadableStreamAsyncIteratorReadRequest {
-  constructor(reader, state, promise) {
+  constructor(reader, state, promise, stream) {
     this.reader = reader;
     this.state = state;
     this.promise = promise;
+    this.stream = stream;
   }
 
   [kChunk](chunk) {
@@ -775,6 +789,9 @@ class ReadableStreamAsyncIteratorReadRequest {
     this.state.current = undefined;
     this.state.done = true;
     readableStreamReaderGenericRelease(this.reader);
+    if (streamDoneChannel.hasSubscribers) {
+      streamDoneChannel.publish({ stream: this.stream });
+    }
     this.promise.resolve({ done: true, value: undefined });
   }
 
@@ -888,6 +905,12 @@ class ReadableStreamDefaultReader {
     // Slow path: create request and go through normal flow
     const readRequest = new DefaultReadRequest();
     readableStreamDefaultReaderRead(this, readRequest);
+    if (streamDoneChannel.hasSubscribers) {
+      PromisePrototypeThen(readRequest.promise, ({ done }) => {
+        if (done)
+          streamDoneChannel.publish({ stream });
+      });
+    }
     return readRequest.promise;
   }
 
@@ -1028,6 +1051,13 @@ class ReadableStreamBYOBReader {
     }
     const readIntoRequest = new ReadIntoRequest();
     readableStreamBYOBReaderRead(this, view, min, readIntoRequest);
+    if (streamDoneChannel.hasSubscribers) {
+      const stream = this[kState].stream;
+      PromisePrototypeThen(readIntoRequest.promise, ({ done }) => {
+        if (done)
+          streamDoneChannel.publish({ stream });
+      });
+    }
     return readIntoRequest.promise;
   }
 
diff --git a/test/parallel/test-whatwg-webstreams-dc-events.mjs b/test/parallel/test-whatwg-webstreams-dc-events.mjs
new file mode 100644
index 00000000000000..908e16c75d879f
--- /dev/null
+++ b/test/parallel/test-whatwg-webstreams-dc-events.mjs
@@ -0,0 +1,70 @@
+// Flags: --expose-internals
+import * as common from '../common/index.mjs';
+import assert from 'assert';
+
+import util from 'internal/webstreams/util';
+
+import { Readable } from 'stream';
+
+import * as dc from 'diagnostics_channel';
+
+{
+  const readable = Readable.toWeb(Readable.from([1]));
+
+  const channel = dc.channel('stream.web.done');
+  const subscriber = common.mustCall(({ stream }) => {
+    assert.strictEqual(readable, stream);
+    assert.strictEqual(readable[util.kState].state, 'closed');
+  });
+  channel.subscribe(subscriber);
+
+  const reader = readable.getReader();
+  let result;
+
+  while (!result?.done) {
+    result = await reader.read();
+  }
+
+  channel.unsubscribe(subscriber);
+}
+
+{
+  const readable = Readable.toWeb(Readable.from([1]));
+
+  const channel = dc.channel('stream.web.done');
+  const subscriber = common.mustCall(({ stream }) => {
+    assert.strictEqual(readable, stream);
+    assert.strictEqual(readable[util.kState].state, 'closed');
+  });
+  channel.subscribe(subscriber);
+
+  // eslint-disable-next-line no-unused-vars
+  for await (const _ of readable) { /* drain */ }
+
+  channel.unsubscribe(subscriber);
+}
+
+{
+  const readable = new ReadableStream({
+    type: 'bytes',
+    start(controller) {
+      controller.enqueue(new Uint8Array([1, 2, 3]));
+      controller.close();
+    },
+  });
+
+  const channel = dc.channel('stream.web.done');
+  const subscriber = common.mustCall(({ stream }) => {
+    assert.strictEqual(readable, stream);
+    assert.strictEqual(readable[util.kState].state, 'closed');
+  });
+  channel.subscribe(subscriber);
+
+  const reader = readable.getReader({ mode: 'byob' });
+  let result;
+  while (!result?.done) {
+    result = await reader.read(new Uint8Array(8));
+  }
+
+  channel.unsubscribe(subscriber);
+}