diff --git a/README.md b/README.md
index ef85d15..eb38039 100644
--- a/README.md
+++ b/README.md
@@ -8,7 +8,10 @@ Kotlin 2.4.10 / Ktor 3.5.2 managed AI gateway and invitation page.
 - Volcengine SAUC v3 ASR over WebSocket with a strict binary frame codec.
 - Credit reservation, settlement, release, identity, grant, and metadata persistence ports.
 - Apple DeviceCheck trial enforcement and App Attest attestation/assertion validation.
-- Bilingual invitation page at `GET /i/{code}` with no analytics, tracking, or fingerprinting.
+- Bilingual invitation page at `GET /i/{code}` with no third-party analytics,
+  tracking scripts, or fingerprinting.
+- Privacy-minimized, idempotent product event ingestion and an internal growth,
+  retention, AI usage, monetization, and referral dashboard.
 - Flyway migrations for provider metadata, metered usage, gateway grants, and integrity state.
 
 Prompts, audio, transcripts, and provider response bodies are never sent to the usage persistence port.
@@ -26,6 +29,7 @@ Application logging must also keep request/response body logging disabled.
 - `POST /v1/integrity/assert`
 - `POST /v1/auth/apple`
 - `POST /v1/auth/refresh`, `POST /v1/auth/logout`
+- `POST /v1/analytics/events`
 - `GET/DELETE /v1/account`
 - `POST /v1/apple/events`
 - `GET /v1/credits/{balance|ledger|rates}`
@@ -34,6 +38,7 @@ Application logging must also keep request/response body logging disabled.
 - `GET /i/{code}`
 - `GET /.well-known/apple-app-site-association`
 - `GET /apple-app-site-association`
+- `GET /v1/admin/analytics` through the private mTLS-protected admin edge
 
 See `docs/openapi.yaml` for request limits and response formats.
 
@@ -298,9 +303,13 @@ Gateway tests cover account-scoped replay exclusion, cross-account isolation, pr
 settlement pending behavior, reconciliation, whole-call timeout, forged audio duration, malformed SAUC
 sequences, and final-frame-only duration.
 
-The MySQL Testcontainers suite validates all migrations, account-deletion cascades, stale access-token
-rejection, real InnoDB concurrent balance locking, and exactly-once referral rewards. It is automatically
-skipped when Docker is unavailable; CI requires Docker and runs it on every build.
+The MySQL Testcontainers suite validates all migrations, account-deletion
+cascades (including linked analytics events), stale access-token rejection, real
+InnoDB concurrent balance locking, and exactly-once referral rewards. Analytics
+tests additionally cover event validation, idempotent replay, conflict handling,
+offline timestamps, and privacy-minimized responses. It is automatically
+skipped when Docker is unavailable; CI requires Docker and runs it on every
+build.
 
 ## Staged acceptance
 
diff --git a/admin-web/src/api/client.ts b/admin-web/src/api/client.ts
index 7712cc8..511cc4d 100644
--- a/admin-web/src/api/client.ts
+++ b/admin-web/src/api/client.ts
@@ -10,6 +10,7 @@ import type {
   LedgerEntry,
   Overview,
   PageResult,
+  ProductAnalyticsOverview,
   ReferralOverview,
   SessionResponse,
   UserDetail,
@@ -165,6 +166,9 @@ export const adminApi = {
   referrals: (range: string) =>
     request<ReferralOverview>(`/referrals${query({ range })}`),
 
+  productAnalytics: (range: string) =>
+    request<ProductAnalyticsOverview>(`/analytics${query({ range })}`),
+
   users: (search = "", cursor?: string) =>
     request<PageResult<UserSummary>>(
       `/users${query({ q: search.trim(), cursor })}`,
diff --git a/admin-web/src/api/types.ts b/admin-web/src/api/types.ts
index 0ff6a4e..44ddc54 100644
--- a/admin-web/src/api/types.ts
+++ b/admin-web/src/api/types.ts
@@ -52,6 +52,84 @@ export interface ReferralOverview {
   ranking: ReferralRankingItem[];
 }
 
+export interface AnalyticsRate {
+  numerator: number;
+  denominator: number;
+  percent?: number;
+}
+
+export interface AnalyticsChannel {
+  channel: string;
+  installations: number;
+  activated: number;
+  activationRate: AnalyticsRate;
+}
+
+export interface AnalyticsCohort {
+  cohortDate: string;
+  size: number;
+  d1?: AnalyticsRate;
+  d7?: AnalyticsRate;
+  d30?: AnalyticsRate;
+}
+
+export interface AnalyticsFeatureUsage {
+  feature: string;
+  executionMode: string;
+  users: number;
+  successes: number;
+}
+
+export interface ProductAnalyticsOverview {
+  period: {
+    from: string;
+    until: string;
+  };
+  northStar: {
+    weeklyAiActiveUsers: number;
+    previousWeeklyAiActiveUsers: number;
+    weekOverWeekPercent?: number;
+  };
+  growth: {
+    newInstallations: number;
+    newAccounts: number;
+    activation24h: AnalyticsRate;
+    medianTimeToValueMinutes?: number;
+    channels: AnalyticsChannel[];
+  };
+  activity: {
+    dau: number;
+    wau: number;
+    mau: number;
+    stickinessPercent?: number;
+    successfulAiRequests: number;
+    successfulRequestsPerActiveUser?: number;
+  };
+  consumption: {
+    totalCredits: number;
+    averageDailyCreditsPerActiveUser?: number;
+    medianUserDailyCredits?: number;
+    averageCreditsPerManagedRequest?: number;
+  };
+  monetization: {
+    payingUsers: number;
+    purchases: number;
+    creditsPurchased: number;
+    conversion7d: AnalyticsRate;
+    conversion30d: AnalyticsRate;
+    repeatPurchaseRate: AnalyticsRate;
+  };
+  growthFunnel: FunnelStep[];
+  retention: AnalyticsCohort[];
+  aiFeatures: AnalyticsFeatureUsage[];
+  referralFunnel: FunnelStep[];
+  guardrails: {
+    clientAiSuccessRate: AnalyticsRate;
+    managedSuccessRate: AnalyticsRate;
+    creditBlockedUsers: number;
+  };
+}
+
 export interface UserSummary {
   userId: string;
   displayName: string;
diff --git a/admin-web/src/app.tsx b/admin-web/src/app.tsx
index 723dc56..1915b5c 100644
--- a/admin-web/src/app.tsx
+++ b/admin-web/src/app.tsx
@@ -1,6 +1,7 @@
 import {
   Activity,
   BookOpenCheck,
+  ChartNoAxesCombined,
   ChevronRight,
   Coins,
   GitBranch,
@@ -49,6 +50,11 @@ const ReferralsPage = lazy(() =>
     default: module.ReferralsPage,
   })),
 );
+const AnalyticsPage = lazy(() =>
+  import("./features/analytics/analytics-page").then((module) => ({
+    default: module.AnalyticsPage,
+  })),
+);
 const UsersPage = lazy(() =>
   import("./features/users/users-page").then((module) => ({
     default: module.UsersPage,
@@ -89,6 +95,13 @@ const navigation: NavItem[] = [
     icon: Activity,
     roles: allRoles,
   },
+  {
+    path: "/analytics",
+    label: "产品分析",
+    description: "增长、留存与付费",
+    icon: ChartNoAxesCombined,
+    roles: allRoles,
+  },
   {
     path: "/referrals",
     label: "裂变分析",
@@ -185,6 +198,7 @@ function AuthenticatedApp({ role }: { role: AdminRole }) {
         <Suspense fallback={<LoadingState label="加载页面" />}>
           <Routes>
             <Route path="/overview" element={<OverviewPage />} />
+            <Route path="/analytics" element={<AnalyticsPage />} />
             <Route path="/referrals" element={<ReferralsPage />} />
             {supportRoles.includes(role) ? (
               <>
diff --git a/admin-web/src/components/range-control.tsx b/admin-web/src/components/range-control.tsx
new file mode 100644
index 0000000..dacc646
--- /dev/null
+++ b/admin-web/src/components/range-control.tsx
@@ -0,0 +1,33 @@
+const ranges = [
+  { value: "7d", label: "7 天" },
+  { value: "30d", label: "30 天" },
+  { value: "90d", label: "90 天" },
+] as const;
+
+export function RangeControl({
+  value,
+  onChange,
+}: {
+  value: string;
+  onChange: (value: string) => void;
+}) {
+  return (
+    <div className="inline-flex rounded-xl border border-border bg-surface-muted p-1">
+      {ranges.map((range) => (
+        <button
+          key={range.value}
+          className={`min-h-8 rounded-lg px-3 text-xs font-semibold transition ${
+            value === range.value
+              ? "bg-surface text-foreground shadow-sm"
+              : "text-muted hover:text-foreground"
+          }`}
+          onClick={() => onChange(range.value)}
+          type="button"
+          aria-pressed={value === range.value}
+        >
+          {range.label}
+        </button>
+      ))}
+    </div>
+  );
+}
diff --git a/admin-web/src/features/analytics/analytics-page.tsx b/admin-web/src/features/analytics/analytics-page.tsx
new file mode 100644
index 0000000..91c60c5
--- /dev/null
+++ b/admin-web/src/features/analytics/analytics-page.tsx
@@ -0,0 +1,391 @@
+import {
+  Activity,
+  BadgeDollarSign,
+  BrainCircuit,
+  ChartNoAxesCombined,
+  Gauge,
+  Repeat2,
+  Sparkles,
+  Target,
+  Users,
+} from "lucide-react";
+import { useCallback, useEffect, useState } from "react";
+import { adminApi } from "../../api/client";
+import type {
+  AnalyticsRate,
+  FunnelStep,
+  ProductAnalyticsOverview,
+} from "../../api/types";
+import { Card, ErrorState, LoadingState, PageHeader, StatCard } from "../../components/primitives";
+import { RangeControl } from "../../components/range-control";
+import { formatNumber } from "../../lib/format";
+
+export function AnalyticsPage() {
+  const [range, setRange] = useState("30d");
+  const [data, setData] = useState<ProductAnalyticsOverview>();
+  const [error, setError] = useState<unknown>();
+
+  const load = useCallback(async () => {
+    setError(undefined);
+    try {
+      setData(await adminApi.productAnalytics(range));
+    } catch (requestError) {
+      setError(requestError);
+    }
+  }, [range]);
+
+  useEffect(() => {
+    void load();
+  }, [load]);
+
+  if (error) return <ErrorState error={error} retry={() => void load()} />;
+  if (!data) return <LoadingState label="加载产品数据" />;
+
+  const weeklyGrowth = data.northStar.weekOverWeekPercent;
+
+  return (
+    <div className="space-y-6">
+      <PageHeader
+        eyebrow="CEO Dashboard"
+        title="产品增长与留存"
+        description="围绕成功使用 AI 的核心价值事件，观察增长质量、留存、消耗与付费。"
+        actions={<RangeControl value={range} onChange={setRange} />}
+      />
+
+      <section className="grid gap-4 sm:grid-cols-2 xl:grid-cols-4" aria-label="北极星指标">
+        <StatCard
+          label="周 AI 活跃用户"
+          value={formatNumber(data.northStar.weeklyAiActiveUsers)}
+          hint={
+            weeklyGrowth == null
+              ? "暂无可比上周数据"
+              : `较上周 ${signedPercent(weeklyGrowth)}`
+          }
+          icon={Sparkles}
+          tone="success"
+        />
+        <StatCard
+          label="24 小时激活率"
+          value={rateLabel(data.growth.activation24h)}
+          hint={`${formatNumber(data.growth.activation24h.numerator)} / ${formatNumber(data.growth.activation24h.denominator)} 位新用户`}
+          icon={Target}
+        />
+        <StatCard
+          label="D7 价值留存"
+          value={latestMatureRetention(data, "d7")}
+          hint="激活后第 7 天再次成功使用 AI"
+          icon={Repeat2}
+          tone="violet"
+        />
+        <StatCard
+          label="每活跃用户日均消耗"
+          value={optionalNumber(data.consumption.averageDailyCreditsPerActiveUser)}
+          hint={`周期总消耗 ${formatNumber(data.consumption.totalCredits)} 积分`}
+          icon={Gauge}
+          tone="warning"
+        />
+      </section>
+
+      <section className="grid gap-6 xl:grid-cols-2">
+        <FunnelCard
+          title="增长激活漏斗"
+          description="首次启动到首次 AI 成功"
+          steps={data.growthFunnel}
+        />
+        <Card className="overflow-hidden">
+          <SectionHeader
+            title="留存 Cohort"
+            description="按首次 AI 成功日分组，未成熟窗口显示为 —"
+            icon={ChartNoAxesCombined}
+          />
+          <div className="overflow-x-auto">
+            <table className="w-full min-w-[560px] border-collapse text-sm">
+              <caption className="sr-only">D1、D7、D30 价值留存 cohort</caption>
+              <thead>
+                <tr className="border-b border-border bg-surface-muted/70 text-left text-xs text-muted">
+                  <th className="px-5 py-3 font-semibold" scope="col">激活日期</th>
+                  <th className="px-4 py-3 text-right font-semibold" scope="col">用户</th>
+                  <th className="px-4 py-3 text-right font-semibold" scope="col">D1</th>
+                  <th className="px-4 py-3 text-right font-semibold" scope="col">D7</th>
+                  <th className="px-5 py-3 text-right font-semibold" scope="col">D30</th>
+                </tr>
+              </thead>
+              <tbody>
+                {data.retention.length === 0 ? (
+                  <tr>
+                    <td className="px-5 py-10 text-center text-muted" colSpan={5}>
+                      当前周期暂无已激活 cohort
+                    </td>
+                  </tr>
+                ) : (
+                  data.retention.map((cohort) => (
+                    <tr className="border-b border-border last:border-0" key={cohort.cohortDate}>
+                      <th className="px-5 py-3 text-left font-medium" scope="row">
+                        {cohort.cohortDate}
+                      </th>
+                      <td className="px-4 py-3 text-right tabular-nums">{formatNumber(cohort.size)}</td>
+                      <RetentionCell rate={cohort.d1} />
+                      <RetentionCell rate={cohort.d7} />
+                      <RetentionCell rate={cohort.d30} last />
+                    </tr>
+                  ))
+                )}
+              </tbody>
+            </table>
+          </div>
+        </Card>
+      </section>
+
+      <section className="grid gap-6 xl:grid-cols-[1.25fr_0.75fr]">
+        <Card className="overflow-hidden">
+          <SectionHeader
+            title="AI 使用结构"
+            description="客户端功能与执行模式，仅包含白名单元数据"
+            icon={BrainCircuit}
+          />
+          {data.aiFeatures.length === 0 ? (
+            <p className="p-8 text-center text-sm text-muted">等待客户端接入事件后显示</p>
+          ) : (
+            <div className="grid divide-y divide-border sm:grid-cols-2 sm:divide-x sm:divide-y-0">
+              {data.aiFeatures.map((item) => (
+                <div className="p-5" key={`${item.feature}-${item.executionMode}`}>
+                  <div className="flex items-center justify-between gap-3">
+                    <strong className="text-sm">{featureLabel(item.feature)}</strong>
+                    <span className="rounded-full bg-violet-soft px-2.5 py-1 text-xs font-semibold text-violet">
+                      {executionModeLabel(item.executionMode)}
+                    </span>
+                  </div>
+                  <p className="mt-4 text-2xl font-bold tabular-nums">
+                    {formatNumber(item.successes)}
+                  </p>
+                  <p className="mt-1 text-xs text-muted">
+                    {formatNumber(item.users)} 位成功用户
+                  </p>
+                </div>
+              ))}
+            </div>
+          )}
+        </Card>
+
+        <Card className="overflow-hidden">
+          <SectionHeader
+            title="活跃与消耗"
+            description="托管调用以服务端结算为准"
+            icon={Activity}
+          />
+          <MetricRows
+            rows={[
+              ["AI DAU / WAU / MAU", `${data.activity.dau} / ${data.activity.wau} / ${data.activity.mau}`],
+              ["DAU / MAU", optionalPercent(data.activity.stickinessPercent)],
+              ["成功 AI 次数", formatNumber(data.activity.successfulAiRequests)],
+              ["人均成功次数", optionalDecimal(data.activity.successfulRequestsPerActiveUser)],
+              ["用户日消耗中位数", optionalNumber(data.consumption.medianUserDailyCredits)],
+              ["单次托管请求积分", optionalDecimal(data.consumption.averageCreditsPerManagedRequest)],
+            ]}
+          />
+        </Card>
+      </section>
+
+      <section className="grid gap-6 xl:grid-cols-3">
+        <Card className="overflow-hidden">
+          <SectionHeader title="付费转化" description="StoreKit 已验证交易" icon={BadgeDollarSign} />
+          <MetricRows
+            rows={[
+              ["7 天免费转付费", rateLabel(data.monetization.conversion7d)],
+              ["30 天免费转付费", rateLabel(data.monetization.conversion30d)],
+              ["付费用户", formatNumber(data.monetization.payingUsers)],
+              ["购买次数", formatNumber(data.monetization.purchases)],
+              ["复购率", rateLabel(data.monetization.repeatPurchaseRate)],
+              ["购买积分", formatNumber(data.monetization.creditsPurchased)],
+            ]}
+          />
+        </Card>
+
+        <FunnelCard
+          title="推荐增长漏斗"
+          description="分享、打开、绑定、激活与奖励"
+          steps={data.referralFunnel}
+        />
+
+        <Card className="overflow-hidden">
+          <SectionHeader title="体验护栏" description="避免增长被失败体验抵消" icon={Users} />
+          <MetricRows
+            rows={[
+              ["客户端 AI 成功率", rateLabel(data.guardrails.clientAiSuccessRate)],
+              ["托管请求成功率", rateLabel(data.guardrails.managedSuccessRate)],
+              ["积分不足阻断用户", formatNumber(data.guardrails.creditBlockedUsers)],
+              ["首次价值耗时中位数", optionalMinutes(data.growth.medianTimeToValueMinutes)],
+            ]}
+          />
+        </Card>
+      </section>
+
+      <Card className="overflow-hidden">
+        <SectionHeader title="渠道质量" description="新增不是终点，重点比较 24 小时激活" icon={Users} />
+        <div className="grid divide-y divide-border sm:grid-cols-2 sm:divide-x sm:divide-y-0 xl:grid-cols-4">
+          {data.growth.channels.length === 0 ? (
+            <p className="col-span-full p-8 text-center text-sm text-muted">暂无渠道归因数据</p>
+          ) : (
+            data.growth.channels.map((channel) => (
+              <div className="p-5" key={channel.channel}>
+                <strong className="text-sm">{channelLabel(channel.channel)}</strong>
+                <p className="mt-4 text-2xl font-bold tabular-nums">
+                  {formatNumber(channel.installations)}
+                </p>
+                <p className="mt-1 text-xs text-muted">
+                  激活 {rateLabel(channel.activationRate)} · {formatNumber(channel.activated)} 人
+                </p>
+              </div>
+            ))
+          )}
+        </div>
+      </Card>
+    </div>
+  );
+}
+
+function SectionHeader({
+  title,
+  description,
+  icon: Icon,
+}: {
+  title: string;
+  description: string;
+  icon: typeof Activity;
+}) {
+  return (
+    <div className="flex items-center justify-between border-b border-border px-5 py-5">
+      <div>
+        <h2 className="text-base font-bold">{title}</h2>
+        <p className="mt-1 text-xs text-muted">{description}</p>
+      </div>
+      <span className="grid size-10 place-items-center rounded-2xl bg-primary-soft text-primary">
+        <Icon className="size-4" aria-hidden />
+      </span>
+    </div>
+  );
+}
+
+function FunnelCard({
+  title,
+  description,
+  steps,
+}: {
+  title: string;
+  description: string;
+  steps: FunnelStep[];
+}) {
+  const maximum = Math.max(steps[0]?.count ?? 0, 1);
+  return (
+    <Card className="overflow-hidden">
+      <SectionHeader title={title} description={description} icon={Target} />
+      <div className="space-y-5 p-5">
+        {steps.length === 0 ? (
+          <p className="py-8 text-center text-sm text-muted">当前周期暂无漏斗数据</p>
+        ) : (
+          steps.map((step) => (
+            <div key={step.label}>
+              <div className="mb-2 flex items-center justify-between gap-3 text-sm">
+                <span className="text-muted">{step.label}</span>
+                <strong className="tabular-nums">{formatNumber(step.count)}</strong>
+              </div>
+              <progress
+                className="funnel-progress block h-2.5 w-full overflow-hidden rounded-full"
+                max={maximum}
+                value={step.count}
+                aria-label={`${step.label}：${formatNumber(step.count)}`}
+              />
+            </div>
+          ))
+        )}
+      </div>
+    </Card>
+  );
+}
+
+function MetricRows({ rows }: { rows: Array<[string, string]> }) {
+  return (
+    <dl className="divide-y divide-border">
+      {rows.map(([label, value]) => (
+        <div className="flex items-center justify-between gap-4 px-5 py-3.5" key={label}>
+          <dt className="text-sm text-muted">{label}</dt>
+          <dd className="text-right text-sm font-semibold tabular-nums">{value}</dd>
+        </div>
+      ))}
+    </dl>
+  );
+}
+
+function RetentionCell({ rate, last = false }: { rate?: AnalyticsRate; last?: boolean }) {
+  return (
+    <td className={`${last ? "px-5" : "px-4"} py-3 text-right`}>
+      <span className={retentionTone(rate?.percent)}>{rateLabel(rate)}</span>
+    </td>
+  );
+}
+
+function rateLabel(rate?: AnalyticsRate): string {
+  return rate?.percent == null ? "—" : `${rate.percent.toFixed(1)}%`;
+}
+
+function optionalPercent(value?: number): string {
+  return value == null ? "—" : `${value.toFixed(1)}%`;
+}
+
+function optionalDecimal(value?: number): string {
+  return value == null ? "—" : value.toFixed(2);
+}
+
+function optionalNumber(value?: number): string {
+  return value == null ? "—" : formatNumber(Math.round(value));
+}
+
+function optionalMinutes(value?: number): string {
+  return value == null ? "—" : `${Math.round(value)} 分钟`;
+}
+
+function signedPercent(value: number): string {
+  return `${value >= 0 ? "+" : ""}${value.toFixed(1)}%`;
+}
+
+function latestMatureRetention(
+  data: ProductAnalyticsOverview,
+  key: "d1" | "d7" | "d30",
+): string {
+  return rateLabel(data.retention.find((cohort) => cohort[key]?.percent != null)?.[key]);
+}
+
+function retentionTone(percent?: number): string {
+  if (percent == null) return "text-muted";
+  if (percent >= 40) return "rounded-md bg-success-soft px-2 py-1 text-success";
+  if (percent >= 20) return "rounded-md bg-warning-soft px-2 py-1 text-warning";
+  return "rounded-md bg-danger-soft px-2 py-1 text-danger";
+}
+
+function channelLabel(channel: string): string {
+  return {
+    APP_STORE_ORGANIC: "App Store 自然量",
+    REFERRAL: "用户邀请",
+    SOCIAL_CONTENT: "社交 / 内容",
+    UNKNOWN: "未知来源",
+  }[channel] ?? channel;
+}
+
+function featureLabel(feature: string): string {
+  return {
+    TRANSCRIPTION: "语音转写",
+    POLISH: "文字润色",
+    AI_ASSISTANT: "AI 助手",
+    AGENT: "Agent",
+    HOTWORD: "快捷指令",
+    OTHER: "其他",
+  }[feature] ?? feature;
+}
+
+function executionModeLabel(mode: string): string {
+  return {
+    MANAGED: "托管",
+    LOCAL: "本地",
+    BYOK: "BYOK",
+  }[mode] ?? mode;
+}
diff --git a/admin-web/src/features/overview/overview-page.tsx b/admin-web/src/features/overview/overview-page.tsx
index 8df7a8a..63c9588 100644
--- a/admin-web/src/features/overview/overview-page.tsx
+++ b/admin-web/src/features/overview/overview-page.tsx
@@ -11,14 +11,9 @@ import { useCallback, useEffect, useState } from "react";
 import { adminApi } from "../../api/client";
 import type { Overview, TrendPoint } from "../../api/types";
 import { Card, ErrorState, LoadingState, PageHeader, StatCard } from "../../components/primitives";
+import { RangeControl } from "../../components/range-control";
 import { formatNumber, usageTypeLabel } from "../../lib/format";
 
-const ranges = [
-  { value: "7d", label: "7 天" },
-  { value: "30d", label: "30 天" },
-  { value: "90d", label: "90 天" },
-] as const;
-
 export function OverviewPage() {
   const [range, setRange] = useState("30d");
   const [data, setData] = useState<Overview>();
@@ -164,34 +159,6 @@ export function OverviewPage() {
   );
 }
 
-function RangeControl({
-  value,
-  onChange,
-}: {
-  value: string;
-  onChange: (value: string) => void;
-}) {
-  return (
-    <div className="inline-flex rounded-xl border border-border bg-surface-muted p-1">
-      {ranges.map((range) => (
-        <button
-          key={range.value}
-          className={`min-h-8 rounded-lg px-3 text-xs font-semibold transition ${
-            value === range.value
-              ? "bg-surface text-foreground shadow-sm"
-              : "text-muted hover:text-foreground"
-          }`}
-          onClick={() => onChange(range.value)}
-          type="button"
-          aria-pressed={value === range.value}
-        >
-          {range.label}
-        </button>
-      ))}
-    </div>
-  );
-}
-
 function Legend({ color, label }: { color: string; label: string }) {
   return (
     <span className="flex items-center gap-2">
diff --git a/admin-web/src/features/referrals/referrals-page.tsx b/admin-web/src/features/referrals/referrals-page.tsx
index 012fd71..fd2d6bf 100644
--- a/admin-web/src/features/referrals/referrals-page.tsx
+++ b/admin-web/src/features/referrals/referrals-page.tsx
@@ -10,6 +10,7 @@ import {
   PageHeader,
   StatCard,
 } from "../../components/primitives";
+import { RangeControl } from "../../components/range-control";
 import { formatNumber } from "../../lib/format";
 
 export function ReferralsPage() {
@@ -198,35 +199,3 @@ function Rank({ value }: { value: number }) {
     </span>
   );
 }
-
-function RangeControl({
-  value,
-  onChange,
-}: {
-  value: string;
-  onChange: (value: string) => void;
-}) {
-  return (
-    <div className="inline-flex rounded-xl border border-border bg-surface-muted p-1">
-      {[
-        ["7d", "7 天"],
-        ["30d", "30 天"],
-        ["90d", "90 天"],
-      ].map(([range, label]) => (
-        <button
-          key={range}
-          className={`min-h-8 rounded-lg px-3 text-xs font-semibold transition ${
-            value === range
-              ? "bg-surface text-foreground shadow-sm"
-              : "text-muted hover:text-foreground"
-          }`}
-          onClick={() => onChange(range ?? "30d")}
-          type="button"
-          aria-pressed={value === range}
-        >
-          {label}
-        </button>
-      ))}
-    </div>
-  );
-}
diff --git a/admin-web/src/lib/format.ts b/admin-web/src/lib/format.ts
index 940cc8f..d58da75 100644
--- a/admin-web/src/lib/format.ts
+++ b/admin-web/src/lib/format.ts
@@ -52,7 +52,9 @@ export function usageTypeLabel(usageType?: string): string {
   const labels: Record<string, string> = {
     polish: "润色",
     asr: "ASR",
+    ASR: "语音转写",
     ai: "AI",
+    LLM: "AI 文本",
     agent: "Agent",
     hotword: "热词",
   };
diff --git a/admin-web/src/test/pages.test.tsx b/admin-web/src/test/pages.test.tsx
index 0f43667..8aa5757 100644
--- a/admin-web/src/test/pages.test.tsx
+++ b/admin-web/src/test/pages.test.tsx
@@ -7,6 +7,7 @@ import type {
   AdminOperator,
   AdminSecuritySummary,
   LedgerEntry,
+  ProductAnalyticsOverview,
   UserSummary,
 } from "../api/types";
 
@@ -85,6 +86,21 @@ describe("React 管理页面", () => {
     expect(await screen.findByText("support")).toBeTruthy();
     expect(screen.getByText("已加载 2 个账户")).toBeTruthy();
   });
+
+  it("产品分析页展示北极星、留存与付费护栏", async () => {
+    mockSession("SUPPORT");
+    vi.spyOn(adminApi, "productAnalytics").mockResolvedValue(analyticsOverview());
+    window.location.hash = "#/analytics";
+
+    render(<App />);
+
+    expect(await screen.findByRole("heading", { name: "产品增长与留存" })).toBeTruthy();
+    expect(screen.getByText("周 AI 活跃用户")).toBeTruthy();
+    expect(screen.getByText(/较上周 \+12\.5%/)).toBeTruthy();
+    expect(screen.getByText("2026-08-01")).toBeTruthy();
+    expect(screen.getByText("文字润色")).toBeTruthy();
+    expect(screen.getByText("7 天免费转付费")).toBeTruthy();
+  });
 });
 
 function mockSession(role: "SUPER_ADMIN" | "SUPPORT") {
@@ -95,6 +111,82 @@ function mockSession(role: "SUPER_ADMIN" | "SUPPORT") {
   });
 }
 
+function analyticsOverview(): ProductAnalyticsOverview {
+  const rate = (numerator: number, denominator: number, percent: number) => ({
+    numerator,
+    denominator,
+    percent,
+  });
+  return {
+    period: { from: "2026-08-01T00:00:00Z", until: "2026-08-20T00:00:00Z" },
+    northStar: {
+      weeklyAiActiveUsers: 90,
+      previousWeeklyAiActiveUsers: 80,
+      weekOverWeekPercent: 12.5,
+    },
+    growth: {
+      newInstallations: 100,
+      newAccounts: 80,
+      activation24h: rate(60, 100, 60),
+      medianTimeToValueMinutes: 8,
+      channels: [
+        {
+          channel: "APP_STORE_ORGANIC",
+          installations: 100,
+          activated: 60,
+          activationRate: rate(60, 100, 60),
+        },
+      ],
+    },
+    activity: {
+      dau: 20,
+      wau: 90,
+      mau: 150,
+      stickinessPercent: 13.3,
+      successfulAiRequests: 500,
+      successfulRequestsPerActiveUser: 3.3,
+    },
+    consumption: {
+      totalCredits: 1_200,
+      averageDailyCreditsPerActiveUser: 12,
+      medianUserDailyCredits: 8,
+      averageCreditsPerManagedRequest: 2.4,
+    },
+    monetization: {
+      payingUsers: 10,
+      purchases: 12,
+      creditsPurchased: 8_000,
+      conversion7d: rate(8, 70, 11.4),
+      conversion30d: rate(10, 50, 20),
+      repeatPurchaseRate: rate(2, 10, 20),
+    },
+    growthFunnel: [
+      { label: "首次启动", count: 100 },
+      { label: "24 小时内首次 AI 成功", count: 60 },
+    ],
+    retention: [
+      {
+        cohortDate: "2026-08-01",
+        size: 20,
+        d1: rate(10, 20, 50),
+        d7: rate(6, 20, 30),
+      },
+    ],
+    aiFeatures: [
+      { feature: "POLISH", executionMode: "MANAGED", users: 30, successes: 100 },
+    ],
+    referralFunnel: [
+      { label: "发起分享", count: 20 },
+      { label: "完成奖励", count: 5 },
+    ],
+    guardrails: {
+      clientAiSuccessRate: rate(90, 100, 90),
+      managedSuccessRate: rate(95, 100, 95),
+      creditBlockedUsers: 3,
+    },
+  };
+}
+
 function user(displayName: string, id: string): UserSummary {
   return {
     userId: id,
diff --git a/deploy/smoke/runtime-grants.sql b/deploy/smoke/runtime-grants.sql
index 205eb35..1d54818 100644
--- a/deploy/smoke/runtime-grants.sql
+++ b/deploy/smoke/runtime-grants.sql
@@ -28,6 +28,9 @@ GRANT SELECT ON osg_account_smoke.admin_sessions TO 'osg_smoke_runtime'@'%';
 GRANT SELECT ON osg_account_smoke.admin_audit_log TO 'osg_smoke_runtime'@'%';
 GRANT SELECT ON osg_account_smoke.admin_credit_grants TO 'osg_smoke_runtime'@'%';
 GRANT SELECT ON osg_account_smoke.storekit_credit_purchases TO 'osg_smoke_runtime'@'%';
+GRANT SELECT ON osg_account_smoke.product_analytics_installations TO 'osg_smoke_runtime'@'%';
+GRANT SELECT ON osg_account_smoke.product_analytics_events TO 'osg_smoke_runtime'@'%';
+GRANT SELECT ON osg_account_smoke.product_analytics_daily_counters TO 'osg_smoke_runtime'@'%';
 
 GRANT INSERT, UPDATE, DELETE ON osg_account_smoke.accounts TO 'osg_smoke_runtime'@'%';
 GRANT INSERT, UPDATE ON osg_account_smoke.apple_credentials TO 'osg_smoke_runtime'@'%';
@@ -56,3 +59,8 @@ GRANT INSERT, UPDATE, DELETE ON osg_account_smoke.admin_sessions TO 'osg_smoke_r
 GRANT INSERT ON osg_account_smoke.admin_audit_log TO 'osg_smoke_runtime'@'%';
 GRANT INSERT ON osg_account_smoke.admin_credit_grants TO 'osg_smoke_runtime'@'%';
 GRANT INSERT ON osg_account_smoke.storekit_credit_purchases TO 'osg_smoke_runtime'@'%';
+GRANT INSERT, UPDATE, DELETE ON osg_account_smoke.product_analytics_installations
+    TO 'osg_smoke_runtime'@'%';
+GRANT INSERT ON osg_account_smoke.product_analytics_events TO 'osg_smoke_runtime'@'%';
+GRANT INSERT, UPDATE ON osg_account_smoke.product_analytics_daily_counters
+    TO 'osg_smoke_runtime'@'%';
diff --git a/docs/ACCOUNT_DATA.md b/docs/ACCOUNT_DATA.md
index 013cf2b..304f9fa 100644
--- a/docs/ACCOUNT_DATA.md
+++ b/docs/ACCOUNT_DATA.md
@@ -4,6 +4,9 @@
 - Apple email and avatar data are not requested or stored.
 - Deleting an account removes its session, profile, referral, grant, and mutable
   account records in the same local transaction before Apple revocation is retried.
+- Product analytics installations linked to the account and all of their events
+  are deleted by database cascade. The service stores only the digest of a
+  random installation UUID and never stores user content in analytics events.
 - Pseudonymous immutable credit-ledger entries, StoreKit transaction audit data,
   and time-limited anti-abuse tombstones remain after deletion where required to
   prevent replay, preserve financial integrity, and stop repeated trial abuse.
diff --git a/docs/ANALYTICS_METRICS_DICTIONARY.md b/docs/ANALYTICS_METRICS_DICTIONARY.md
new file mode 100644
index 0000000..8080e13
--- /dev/null
+++ b/docs/ANALYTICS_METRICS_DICTIONARY.md
@@ -0,0 +1,175 @@
+# OSGKeyboard product analytics metrics dictionary
+
+This document is the canonical definition of product metrics. All dates and
+cohorts use UTC calendar boundaries. Counts are based on distinct accounts when
+an installation is linked, otherwise on the pseudonymous installation.
+
+## North-star metric
+
+### Weekly AI active users (WAIU)
+
+The number of distinct users that successfully complete at least one AI feature
+during a UTC calendar week.
+
+- Managed AI and ASR use server-settled `credit_usage_records`.
+- Local and BYOK use accepted `AI_FEATURE_SUCCEEDED` client events.
+- Managed client success events provide feature breakdowns but are not added to
+  the server-settled total, preventing double counting.
+- Week-over-week growth is `(current WAIU - previous WAIU) / previous WAIU`.
+  A missing previous population is reported without a percentage.
+
+## Growth and activation
+
+### New installations
+
+Distinct installations whose first accepted `FIRST_OPEN` event occurred in the
+selected period. Acquisition channel is fixed by the first non-`UNKNOWN`
+channel observed for the installation.
+
+Allowed channels:
+
+- `APP_STORE_ORGANIC`
+- `REFERRAL`
+- `SOCIAL_CONTENT`
+- `UNKNOWN`
+
+### New accounts
+
+Accounts whose `accounts.created_at` falls in the selected period.
+
+### 24-hour AI activation rate
+
+The percentage of new installations that successfully complete any AI feature
+within 24 hours of their first open. The numerator uses the same value-event
+rules as WAIU.
+
+### Time to first value
+
+Elapsed time from `FIRST_OPEN` to the first successful AI feature. The dashboard
+reports the median in minutes. Users without a successful AI feature are not
+included in the median and remain visible in the activation denominator.
+
+## Activity
+
+### AI DAU, WAU and MAU
+
+Distinct value-active users in the last 1, 7 and 30 UTC days ending at the
+report's `until` timestamp.
+
+### DAU/MAU stickiness
+
+`AI DAU / AI MAU`. The value is null when MAU is zero.
+
+### Successful AI requests
+
+The sum of settled managed requests and successful local/BYOK client events.
+Managed client success events are excluded from this total.
+
+### Successful AI requests per active user
+
+`successful AI requests / distinct value-active users` for the selected period.
+
+## Retention
+
+The cohort date is the UTC date of a user's first successful AI feature.
+Retention is value retention, not application-open retention.
+
+- `D1`: active on cohort date + 1 day.
+- `D7`: active on cohort date + 7 days.
+- `D30`: active on cohort date + 30 days.
+
+Each retention rate uses the original cohort size as denominator. A day that has
+not fully elapsed at the report's `until` timestamp is returned as unavailable,
+not zero. Channel and first-feature breakdowns are optional dimensions and must
+not alter the base cohort definition.
+
+## AI feature usage
+
+Allowed feature types:
+
+- `TRANSCRIPTION`
+- `POLISH`
+- `AI_ASSISTANT`
+- `AGENT`
+- `HOTWORD`
+- `OTHER`
+
+Allowed execution modes:
+
+- `MANAGED`
+- `LOCAL`
+- `BYOK`
+
+Feature distributions use accepted client events because server billing only
+distinguishes `ASR` and `LLM`. Server-settled aggregates remain authoritative
+for managed totals, credits, token counts and ASR duration.
+
+## Credit consumption
+
+### Daily total credit consumption
+
+The sum of non-negative `credit_usage_records.charged_credits` by UTC date.
+
+### Average daily credits per AI active user
+
+For each UTC date, divide total settled credits by distinct managed AI users,
+then average those daily values across days containing at least one active user.
+
+### Median user-day credits
+
+The median of per-account daily settled credits. This is shown beside the mean
+to prevent a small number of heavy users from distorting typical consumption.
+
+### Average credits per managed request
+
+`settled credits / settled managed requests`. Local and BYOK events consume no
+server credits and are excluded.
+
+## Monetization
+
+### 7-day and 30-day free-to-paid conversion
+
+The percentage of newly registered accounts with a first credited StoreKit
+purchase no later than 7 or 30 days after registration. Cohorts whose conversion
+window has not elapsed are reported separately from mature cohorts.
+
+### Paying users
+
+Distinct accounts with at least one credited StoreKit purchase in the period.
+
+### Repeat purchase rate
+
+The percentage of paying accounts with at least two credited StoreKit purchases
+across their lifetime.
+
+StoreKit transaction count and granted credits are operational proxies. Net
+revenue, App Store commission and refunds require App Store financial data and
+are outside this service's first version.
+
+## Referral funnel
+
+The ordered growth funnel is:
+
+1. `REFERRAL_SHARED` distinct sharing installations.
+2. Invitation opens: accepted `INVITE_OPENED` client events plus anonymous
+   first-party invitation page views. Page views are aggregate requests rather
+   than distinct people and must be interpreted as a directional funnel signal.
+3. Referral-bound accounts.
+4. Referral-bound accounts that reach their first value event.
+5. Rewarded referral bindings.
+
+Pending and ineligible bindings are parallel status counts, not sequential
+funnel steps.
+
+## Experience guardrails
+
+- AI success rate: successful client AI completions divided by starts with a
+  terminal success or failure event.
+- Managed request failure rate: terminal non-settled `provider_requests` divided
+  by terminal managed requests.
+- P50/P95 latency: client duration bucket distribution for all modes; exact
+  server duration percentiles may be added later.
+- Credit-blocked users: distinct installations reporting
+  `INSUFFICIENT_CREDITS` during the period.
+
+Guardrails are diagnostic and never count as value-active events.
diff --git a/docs/ARCHITECTURE.md b/docs/ARCHITECTURE.md
index a02ddd6..3b62fc4 100644
--- a/docs/ARCHITECTURE.md
+++ b/docs/ARCHITECTURE.md
@@ -26,6 +26,10 @@ It does not replace the app's local ASR, BYOK provider access, or iCloud sync.
 - `integrity` evaluates DeviceCheck and App Attest evidence.
 - `gateway` proxies Volcengine ASR and DeepSeek text requests.
 - `inviteweb` serves the first-party invitation landing page.
+- `analytics` accepts a strict allowlist of product event metadata and links a
+  pseudonymous installation to an account only when a valid session is present.
+- `admin/stats` combines accepted product events with authoritative billing,
+  StoreKit, account, and referral aggregates for the internal dashboard.
 
 Modules communicate through narrow ports. Provider clients, Apple clients,
 integrity clients, clocks, token generators, and repositories are replaceable in
@@ -60,7 +64,10 @@ tests.
   claims required for replay protection.
 - Usage metadata contains feature, model, metering units, latency, status, and
   rate-card version.
+- Product events contain enums, release versions, timestamps, and duration
+  buckets only. Installation UUIDs are stored as SHA-256 digests.
 - Operational logs use request IDs and internal opaque IDs, never Apple subjects
   or bearer credentials.
-- Account deletion revokes credentials and removes user-linked records. Only
-  non-identifying aggregate service metrics may remain.
+- Account deletion revokes credentials and cascades through linked product
+  installations and events. Only non-identifying aggregate service metrics may
+  remain.
diff --git a/docs/PRODUCT_ANALYTICS.md b/docs/PRODUCT_ANALYTICS.md
new file mode 100644
index 0000000..bf8fb69
--- /dev/null
+++ b/docs/PRODUCT_ANALYTICS.md
@@ -0,0 +1,191 @@
+# Product analytics
+
+OSGKeyboard analytics records product behavior metadata only. It is separate
+from billing, provider execution and immutable credit ledgers.
+
+## Privacy boundary
+
+Never send or persist:
+
+- audio or audio-derived content;
+- keyboard input, prompts, context, transcripts or model output;
+- Apple subjects, email addresses, names, tokens, API keys or provider
+  credentials;
+- arbitrary property names or free-form text.
+
+The service stores a SHA-256 digest of the random installation identifier, not
+the identifier supplied by the client. Event DTO string representations are
+redacted. Product analytics rows linked to an account are deleted with that
+account. Anonymous installations that never link to an account are retained for
+90 days and are eligible for scheduled deletion in a later operational job.
+
+## Ingestion API
+
+`POST /v1/analytics/events` accepts one batch of 1 to 50 events.
+
+- Authentication is optional so first-open and pre-login events can be
+  measured. Invalid bearer credentials are rejected.
+- `installationId` must be a client-generated UUID stored in the containing app
+  and shared with the keyboard extension through the App Group.
+- When a valid account session is present, the installation is linked to that
+  account. An installation cannot later be linked to a different account.
+- Every `clientEventId` is a client-generated UUID. The pair
+  `(installation, clientEventId)` is unique.
+- Replaying an identical event is accepted and reported as replayed.
+- Reusing an event ID with different values returns `409 conflict`.
+- The whole batch is validated before persistence and committed atomically.
+- `occurredAt` must be no more than 35 days old and no more than five minutes in
+  the future. UTC ISO-8601 timestamps are required.
+
+The successful response reports `accepted` and `replayed` event counts. It does
+not return account or installation identifiers.
+
+## Event catalog
+
+### Lifecycle events
+
+`FIRST_OPEN`
+
+- Required: `surface=APP`, `acquisitionChannel`.
+- Optional: `appVersion`, `osVersion`.
+- Must be emitted once per installation. Server idempotency protects retries.
+
+`SESSION_STARTED`
+
+- Required: `surface` (`APP` or `KEYBOARD`).
+- Optional: `appVersion`, `osVersion`.
+
+`KEYBOARD_ACTIVATED`
+
+- Required: `surface=KEYBOARD`.
+- Emit when the custom keyboard becomes active, not for every keystroke.
+
+### AI events
+
+`AI_FEATURE_STARTED`
+
+- Required: `feature`, `executionMode`, `surface`.
+- Optional: `durationBucket` is not allowed.
+
+`AI_FEATURE_SUCCEEDED`
+
+- Required: `feature`, `executionMode`, `surface`, `durationBucket`.
+- This is the client-side core value event.
+- Managed totals remain server-authoritative; the event provides feature and
+  surface detail.
+
+`AI_FEATURE_FAILED`
+
+- Required: `feature`, `executionMode`, `surface`, `failureCategory`.
+- Optional: `durationBucket`.
+- Never include provider response bodies or user content.
+
+### Purchase events
+
+`PURCHASE_VIEWED`
+
+- Required: `surface=APP`.
+
+`PURCHASE_STARTED`
+
+- Required: `surface=APP`.
+
+`PURCHASE_CANCELLED`
+
+- Required: `surface=APP`, `failureCategory=CANCELLED`.
+
+Successful purchases are derived from verified StoreKit transactions and must
+not be duplicated as client success events.
+
+### Referral events
+
+`REFERRAL_SHARED`
+
+- Required: `surface=APP`.
+
+`INVITE_OPENED`
+
+- Required: `surface=INVITE_WEB`, `acquisitionChannel=REFERRAL`.
+- The app may emit this event after handling an invitation Universal Link.
+- The first-party web route separately increments a UTC daily aggregate after
+  validating the referral code. It stores no IP address, user agent, cookie,
+  installation ID, referral code, or other request metadata.
+- No third-party analytics script is permitted.
+
+Referral binding, value qualification and reward are derived from server data.
+
+## Allowed dimensions
+
+`surface`
+
+- `APP`
+- `KEYBOARD`
+- `INVITE_WEB`
+
+`acquisitionChannel`
+
+- `APP_STORE_ORGANIC`
+- `REFERRAL`
+- `SOCIAL_CONTENT`
+- `UNKNOWN`
+
+`feature`
+
+- `TRANSCRIPTION`
+- `POLISH`
+- `AI_ASSISTANT`
+- `AGENT`
+- `HOTWORD`
+- `OTHER`
+
+`executionMode`
+
+- `MANAGED`
+- `LOCAL`
+- `BYOK`
+
+`failureCategory`
+
+- `NETWORK`
+- `PROVIDER`
+- `TIMEOUT`
+- `CANCELLED`
+- `INSUFFICIENT_CREDITS`
+- `VALIDATION`
+- `UNKNOWN`
+
+`durationBucket`
+
+- `LT_1S`
+- `S1_TO_3`
+- `S3_TO_10`
+- `S10_TO_30`
+- `GTE_30S`
+
+`appVersion` and `osVersion` are optional ASCII release identifiers of at most
+32 characters. They may not contain spaces, user-generated values or device
+names.
+
+## Client delivery guidance
+
+- Persist pending events in an append-only local queue.
+- Retry with exponential backoff after network failures and HTTP 5xx.
+- Drop events rejected with HTTP 400/422 after recording a local diagnostic
+  counter; do not retry malformed events indefinitely.
+- Reuse the same `clientEventId` for every retry.
+- Send at most 50 events per batch and remove events only after a successful
+  response.
+- Do not block the AI interaction or purchase flow on analytics delivery.
+
+## Reporting
+
+The admin analytics endpoints combine:
+
+- accepted product events for acquisition, local/BYOK usage and client funnel
+  detail;
+- settled credit usage for managed AI counts and credit consumption;
+- accounts, StoreKit and referrals for registration, monetization and referral
+  outcomes.
+
+Metric formulas are defined in
+[`ANALYTICS_METRICS_DICTIONARY.md`](ANALYTICS_METRICS_DICTIONARY.md).
diff --git a/docs/mysql-minimum-privileges.sql b/docs/mysql-minimum-privileges.sql
index 1e9404a..83d159a 100644
--- a/docs/mysql-minimum-privileges.sql
+++ b/docs/mysql-minimum-privileges.sql
@@ -40,6 +40,9 @@ GRANT SELECT ON osg_account.admin_sessions TO 'osg_account_runtime'@'10.20.%';
 GRANT SELECT ON osg_account.admin_audit_log TO 'osg_account_runtime'@'10.20.%';
 GRANT SELECT ON osg_account.admin_credit_grants TO 'osg_account_runtime'@'10.20.%';
 GRANT SELECT ON osg_account.storekit_credit_purchases TO 'osg_account_runtime'@'10.20.%';
+GRANT SELECT ON osg_account.product_analytics_installations TO 'osg_account_runtime'@'10.20.%';
+GRANT SELECT ON osg_account.product_analytics_events TO 'osg_account_runtime'@'10.20.%';
+GRANT SELECT ON osg_account.product_analytics_daily_counters TO 'osg_account_runtime'@'10.20.%';
 
 GRANT INSERT, UPDATE, DELETE ON osg_account.accounts TO 'osg_account_runtime'@'10.20.%';
 GRANT INSERT, UPDATE ON osg_account.apple_credentials TO 'osg_account_runtime'@'10.20.%';
@@ -70,6 +73,11 @@ GRANT INSERT, UPDATE, DELETE ON osg_account.admin_sessions TO 'osg_account_runti
 GRANT INSERT ON osg_account.admin_audit_log TO 'osg_account_runtime'@'10.20.%';
 GRANT INSERT ON osg_account.admin_credit_grants TO 'osg_account_runtime'@'10.20.%';
 GRANT INSERT ON osg_account.storekit_credit_purchases TO 'osg_account_runtime'@'10.20.%';
+GRANT INSERT, UPDATE, DELETE ON osg_account.product_analytics_installations
+    TO 'osg_account_runtime'@'10.20.%';
+GRANT INSERT ON osg_account.product_analytics_events TO 'osg_account_runtime'@'10.20.%';
+GRANT INSERT, UPDATE ON osg_account.product_analytics_daily_counters
+    TO 'osg_account_runtime'@'10.20.%';
 
 -- Deliberately absent: global privileges, GRANT OPTION, FILE, PROCESS, SUPER,
 -- CREATE USER, and UPDATE/DELETE on immutable ledger or usage-history tables.
diff --git a/docs/openapi.yaml b/docs/openapi.yaml
index cd65f0b..4ba2f21 100644
--- a/docs/openapi.yaml
+++ b/docs/openapi.yaml
@@ -73,6 +73,33 @@ paths:
       responses:
         "204": { description: Session revoked }
         default: { $ref: "#/components/responses/Error" }
+  /v1/analytics/events:
+    post:
+      security:
+        - {}
+        - bearerAuth: []
+      summary: Idempotently accept privacy-minimized product events
+      description: |
+        Accepts pre-login or authenticated client events. The random
+        installation UUID is stored only as a digest. When a valid bearer
+        session is supplied, the installation is linked to the account and is
+        deleted with that account. Audio, user text, prompts, transcripts,
+        model output, credentials and arbitrary properties are never accepted.
+      requestBody:
+        required: true
+        content:
+          application/json:
+            schema: { $ref: "#/components/schemas/ProductAnalyticsBatchRequest" }
+      responses:
+        "200":
+          description: Atomic batch acceptance and replay counts
+          content:
+            application/json:
+              schema: { $ref: "#/components/schemas/ProductAnalyticsBatchResponse" }
+        "400": { $ref: "#/components/responses/Error" }
+        "409": { $ref: "#/components/responses/Error" }
+        "422": { $ref: "#/components/responses/Error" }
+        default: { $ref: "#/components/responses/Error" }
   /v1/account:
     get:
       summary: Return the account profile
@@ -571,6 +598,22 @@ paths:
               schema: { $ref: "#/components/schemas/AdminReferralOverview" }
         "400": { description: Range is invalid }
         "401": { description: Session is invalid }
+  /v1/admin/analytics:
+    get:
+      security:
+        - adminMtls: []
+          adminSession: []
+      summary: Return product growth, retention, usage and monetization analytics
+      parameters:
+        - $ref: "#/components/parameters/AdminRange"
+      responses:
+        "200":
+          description: Privacy-minimized product analytics aggregates
+          content:
+            application/json:
+              schema: { $ref: "#/components/schemas/AdminProductAnalytics" }
+        "400": { description: Range is invalid }
+        "401": { description: Session is invalid }
   /v1/admin/users:
     get:
       security:
@@ -904,6 +947,69 @@ components:
         application/json:
           schema: { $ref: "#/components/schemas/GatewayError" }
   schemas:
+    ProductAnalyticsEvent:
+      type: object
+      additionalProperties: false
+      required: [clientEventId, eventType, occurredAt, surface]
+      properties:
+        clientEventId: { type: string, format: uuid }
+        eventType:
+          type: string
+          enum:
+            - FIRST_OPEN
+            - SESSION_STARTED
+            - KEYBOARD_ACTIVATED
+            - AI_FEATURE_STARTED
+            - AI_FEATURE_SUCCEEDED
+            - AI_FEATURE_FAILED
+            - PURCHASE_VIEWED
+            - PURCHASE_STARTED
+            - PURCHASE_CANCELLED
+            - REFERRAL_SHARED
+            - INVITE_OPENED
+        occurredAt: { type: string, format: date-time }
+        surface: { type: string, enum: [APP, KEYBOARD, INVITE_WEB] }
+        acquisitionChannel:
+          type: string
+          enum: [APP_STORE_ORGANIC, REFERRAL, SOCIAL_CONTENT, UNKNOWN]
+        feature:
+          type: string
+          enum: [TRANSCRIPTION, POLISH, AI_ASSISTANT, AGENT, HOTWORD, OTHER]
+        executionMode: { type: string, enum: [MANAGED, LOCAL, BYOK] }
+        failureCategory:
+          type: string
+          enum: [NETWORK, PROVIDER, TIMEOUT, CANCELLED, INSUFFICIENT_CREDITS, VALIDATION, UNKNOWN]
+        durationBucket:
+          type: string
+          enum: [LT_1S, S1_TO_3, S3_TO_10, S10_TO_30, GTE_30S]
+        appVersion:
+          type: string
+          minLength: 1
+          maxLength: 32
+          pattern: "^[A-Za-z0-9._+-]+$"
+        osVersion:
+          type: string
+          minLength: 1
+          maxLength: 32
+          pattern: "^[A-Za-z0-9._+-]+$"
+    ProductAnalyticsBatchRequest:
+      type: object
+      additionalProperties: false
+      required: [installationId, events]
+      properties:
+        installationId: { type: string, format: uuid }
+        events:
+          type: array
+          minItems: 1
+          maxItems: 50
+          items: { $ref: "#/components/schemas/ProductAnalyticsEvent" }
+    ProductAnalyticsBatchResponse:
+      type: object
+      additionalProperties: false
+      required: [accepted, replayed]
+      properties:
+        accepted: { type: integer, minimum: 0, maximum: 50 }
+        replayed: { type: integer, minimum: 0, maximum: 50 }
     AdminSessionState:
       type: object
       additionalProperties: false
@@ -978,7 +1084,7 @@ components:
       properties:
         label:
           type: string
-          enum: [邀请码创建, 成功绑定, 有效使用并奖励, 待资格确认, 不符合奖励条件]
+          enum: [邀请码创建, 成功绑定, 有效使用并奖励]
         count: { type: integer, format: int64, minimum: 0 }
     AdminReferralRank:
       type: object
@@ -1002,6 +1108,157 @@ components:
         ranking:
           type: array
           items: { $ref: "#/components/schemas/AdminReferralRank" }
+    AdminAnalyticsRate:
+      type: object
+      additionalProperties: false
+      required: [numerator, denominator]
+      properties:
+        numerator: { type: integer, format: int64, minimum: 0 }
+        denominator: { type: integer, format: int64, minimum: 0 }
+        percent: { type: ["number", "null"], minimum: 0, maximum: 100 }
+    AdminAnalyticsFunnelStep:
+      type: object
+      additionalProperties: false
+      required: [label, count]
+      properties:
+        label: { type: string, maxLength: 64 }
+        count: { type: integer, format: int64, minimum: 0 }
+    AdminAnalyticsChannel:
+      type: object
+      additionalProperties: false
+      required: [channel, installations, activated, activationRate]
+      properties:
+        channel:
+          type: string
+          enum: [APP_STORE_ORGANIC, REFERRAL, SOCIAL_CONTENT, UNKNOWN]
+        installations: { type: integer, format: int64, minimum: 0 }
+        activated: { type: integer, format: int64, minimum: 0 }
+        activationRate: { $ref: "#/components/schemas/AdminAnalyticsRate" }
+    AdminAnalyticsCohort:
+      type: object
+      additionalProperties: false
+      required: [cohortDate, size]
+      properties:
+        cohortDate: { type: string, format: date }
+        size: { type: integer, format: int64, minimum: 0 }
+        d1:
+          anyOf:
+            - { $ref: "#/components/schemas/AdminAnalyticsRate" }
+            - { type: "null" }
+        d7:
+          anyOf:
+            - { $ref: "#/components/schemas/AdminAnalyticsRate" }
+            - { type: "null" }
+        d30:
+          anyOf:
+            - { $ref: "#/components/schemas/AdminAnalyticsRate" }
+            - { type: "null" }
+    AdminAnalyticsFeatureUsage:
+      type: object
+      additionalProperties: false
+      required: [feature, executionMode, users, successes]
+      properties:
+        feature:
+          type: string
+          enum: [TRANSCRIPTION, POLISH, AI_ASSISTANT, AGENT, HOTWORD, OTHER]
+        executionMode: { type: string, enum: [MANAGED, LOCAL, BYOK] }
+        users: { type: integer, format: int64, minimum: 0 }
+        successes: { type: integer, format: int64, minimum: 0 }
+    AdminProductAnalytics:
+      type: object
+      additionalProperties: false
+      required:
+        - period
+        - northStar
+        - growth
+        - activity
+        - consumption
+        - monetization
+        - growthFunnel
+        - retention
+        - aiFeatures
+        - referralFunnel
+        - guardrails
+      properties:
+        period:
+          type: object
+          additionalProperties: false
+          required: [from, until]
+          properties:
+            from: { type: string, format: date-time }
+            until: { type: string, format: date-time }
+        northStar:
+          type: object
+          additionalProperties: false
+          required: [weeklyAiActiveUsers, previousWeeklyAiActiveUsers]
+          properties:
+            weeklyAiActiveUsers: { type: integer, format: int64, minimum: 0 }
+            previousWeeklyAiActiveUsers: { type: integer, format: int64, minimum: 0 }
+            weekOverWeekPercent: { type: ["number", "null"] }
+        growth:
+          type: object
+          additionalProperties: false
+          required: [newInstallations, newAccounts, activation24h, channels]
+          properties:
+            newInstallations: { type: integer, format: int64, minimum: 0 }
+            newAccounts: { type: integer, format: int64, minimum: 0 }
+            activation24h: { $ref: "#/components/schemas/AdminAnalyticsRate" }
+            medianTimeToValueMinutes: { type: ["number", "null"], minimum: 0 }
+            channels:
+              type: array
+              items: { $ref: "#/components/schemas/AdminAnalyticsChannel" }
+        activity:
+          type: object
+          additionalProperties: false
+          required: [dau, wau, mau, successfulAiRequests]
+          properties:
+            dau: { type: integer, format: int64, minimum: 0 }
+            wau: { type: integer, format: int64, minimum: 0 }
+            mau: { type: integer, format: int64, minimum: 0 }
+            stickinessPercent: { type: ["number", "null"], minimum: 0, maximum: 100 }
+            successfulAiRequests: { type: integer, format: int64, minimum: 0 }
+            successfulRequestsPerActiveUser: { type: ["number", "null"], minimum: 0 }
+        consumption:
+          type: object
+          additionalProperties: false
+          required: [totalCredits]
+          properties:
+            totalCredits: { type: integer, format: int64, minimum: 0 }
+            averageDailyCreditsPerActiveUser: { type: ["number", "null"], minimum: 0 }
+            medianUserDailyCredits: { type: ["number", "null"], minimum: 0 }
+            averageCreditsPerManagedRequest: { type: ["number", "null"], minimum: 0 }
+        monetization:
+          type: object
+          additionalProperties: false
+          required:
+            [payingUsers, purchases, creditsPurchased, conversion7d, conversion30d, repeatPurchaseRate]
+          properties:
+            payingUsers: { type: integer, format: int64, minimum: 0 }
+            purchases: { type: integer, format: int64, minimum: 0 }
+            creditsPurchased: { type: integer, format: int64, minimum: 0 }
+            conversion7d: { $ref: "#/components/schemas/AdminAnalyticsRate" }
+            conversion30d: { $ref: "#/components/schemas/AdminAnalyticsRate" }
+            repeatPurchaseRate: { $ref: "#/components/schemas/AdminAnalyticsRate" }
+        growthFunnel:
+          type: array
+          items: { $ref: "#/components/schemas/AdminAnalyticsFunnelStep" }
+        retention:
+          type: array
+          items: { $ref: "#/components/schemas/AdminAnalyticsCohort" }
+        aiFeatures:
+          type: array
+          items: { $ref: "#/components/schemas/AdminAnalyticsFeatureUsage" }
+        referralFunnel:
+          type: array
+          items: { $ref: "#/components/schemas/AdminAnalyticsFunnelStep" }
+        guardrails:
+          type: object
+          additionalProperties: false
+          required: [clientAiSuccessRate, managedSuccessRate, creditBlockedUsers]
+          properties:
+            clientAiSuccessRate: { $ref: "#/components/schemas/AdminAnalyticsRate" }
+            managedSuccessRate: { $ref: "#/components/schemas/AdminAnalyticsRate" }
+            creditBlockedUsers: { type: integer, format: int64, minimum: 0 }
     AdminUserSummary:
       type: object
       additionalProperties: false
diff --git a/src/main/kotlin/com/osglab/account/Application.kt b/src/main/kotlin/com/osglab/account/Application.kt
index 763577e..a64737c 100644
--- a/src/main/kotlin/com/osglab/account/Application.kt
+++ b/src/main/kotlin/com/osglab/account/Application.kt
@@ -23,7 +23,10 @@ import com.osglab.account.features.admin.services.AdminBootstrapService
 import com.osglab.account.features.admin.services.AdminOperatorService
 import com.osglab.account.features.admin.services.AdminSessionService
 import com.osglab.account.features.admin.stats.repositories.AdminStatsRepository
+import com.osglab.account.features.admin.stats.repositories.AdminProductAnalyticsRepository
 import com.osglab.account.features.admin.stats.repositories.ExposedAdminStatsRepository
+import com.osglab.account.features.admin.stats.repositories.ExposedAdminProductAnalyticsRepository
+import com.osglab.account.features.admin.stats.services.AdminProductAnalyticsService
 import com.osglab.account.features.admin.stats.services.AdminStatsService
 import com.osglab.account.features.admin.users.repositories.AdminUsersRepository
 import com.osglab.account.features.admin.users.repositories.ExposedAdminUsersRepository
@@ -36,6 +39,12 @@ import com.osglab.account.features.account.AppleAccountReauthenticator
 import com.osglab.account.features.account.AppleRevocationOutboxProcessor
 import com.osglab.account.features.account.ExposedAccountRepository
 import com.osglab.account.features.account.accountRoutes
+import com.osglab.account.features.analytics.repositories.AnalyticsRepository
+import com.osglab.account.features.analytics.repositories.ExposedAnalyticsRepository
+import com.osglab.account.features.analytics.routes.analyticsRoutes
+import com.osglab.account.features.analytics.services.AnalyticsMaintenanceService
+import com.osglab.account.features.analytics.services.AnalyticsService
+import com.osglab.account.features.analytics.services.DefaultAnalyticsService
 import com.osglab.account.features.appleevents.AppleEventService
 import com.osglab.account.features.appleevents.AppleEventRepository
 import com.osglab.account.features.appleevents.AppleEventVerifier
@@ -102,6 +111,7 @@ import com.osglab.account.features.integrity.UnavailableAppleDeviceCheckClient
 import com.osglab.account.features.integrity.createDeviceCheckClient
 import com.osglab.account.features.integrity.integrityRoutes
 import com.osglab.account.features.inviteweb.InviteWebConfig
+import com.osglab.account.features.inviteweb.InviteOpenRecorder
 import com.osglab.account.features.inviteweb.ReferralLookupPort
 import com.osglab.account.features.inviteweb.configureInviteWebRoutes
 import com.osglab.account.features.referrals.domain.ReferralException
@@ -261,6 +271,13 @@ fun Application.module() {
             } catch (_: Exception) {
                 // Durable outbox state is retried; never log sensitive token material.
             }
+            try {
+                koin.get<AnalyticsMaintenanceService>().purgeStaleAnonymousInstallations()
+            } catch (exception: CancellationException) {
+                throw exception
+            } catch (_: Exception) {
+                // Anonymous analytics cleanup is bounded and retried on the next cycle.
+            }
             try {
                 koin.get<GatewayReconciliationService>().reconcile()
             } catch (exception: CancellationException) {
@@ -308,7 +325,8 @@ fun Application.module() {
         }
         rateLimit(PUBLIC_RATE_LIMIT) {
             appleEventRoutes(koin.get())
-            configureInviteWebRoutes(koin.get(), koin.get())
+            analyticsRoutes(koin.get())
+            configureInviteWebRoutes(koin.get(), koin.get(), koin.get())
             integrityRoutes(koin.get())
         }
         if (appConfig.admin.enabled) {
@@ -319,6 +337,7 @@ fun Application.module() {
                     authService = koin.get(),
                     sessionService = koin.get(),
                     statsService = koin.get(),
+                    productAnalyticsService = koin.get(),
                     usersService = koin.get(),
                     grantService = koin.get(),
                     operatorService = koin.get(),
@@ -393,6 +412,8 @@ fun accountServerModule(config: AppConfig): Module = module {
     single { AdminAuditService(get()) }
     single<AdminStatsRepository> { ExposedAdminStatsRepository(get()) }
     single { AdminStatsService(get()) }
+    single<AdminProductAnalyticsRepository> { ExposedAdminProductAnalyticsRepository(get()) }
+    single { AdminProductAnalyticsService(get()) }
     single<AdminUsersRepository> { ExposedAdminUsersRepository(get()) }
     single { AdminUsersService(get()) }
     single { AdminGrantService(get()) }
@@ -422,6 +443,14 @@ fun accountServerModule(config: AppConfig): Module = module {
     single<AuthRepository> { ExposedAuthRepository(get()) }
     single { SessionAccessAuthenticator(get(), get()) }
     single<AccountRepository> { ExposedAccountRepository(get(), get()) }
+    single<AnalyticsRepository> { ExposedAnalyticsRepository(get()) }
+    single<AnalyticsService> { DefaultAnalyticsService(get()) }
+    single { AnalyticsMaintenanceService(get()) }
+    single<InviteOpenRecorder> {
+        InviteOpenRecorder {
+            get<AnalyticsRepository>().recordInvitePageOpen(Instant.now())
+        }
+    }
     single<AppleEventRepository> { ExposedAppleEventRepository(get(), get(), config.antiAbuse) }
     single { AppleEventVerifier(config.apple, get()) }
     single { AppleEventService(get(), get()) }
diff --git a/src/main/kotlin/com/osglab/account/features/admin/routes/AdminRoutes.kt b/src/main/kotlin/com/osglab/account/features/admin/routes/AdminRoutes.kt
index e659f54..2e17de3 100644
--- a/src/main/kotlin/com/osglab/account/features/admin/routes/AdminRoutes.kt
+++ b/src/main/kotlin/com/osglab/account/features/admin/routes/AdminRoutes.kt
@@ -18,6 +18,7 @@ import com.osglab.account.features.admin.services.AdminOperatorService
 import com.osglab.account.features.admin.services.AdminSessionService
 import com.osglab.account.features.admin.stats.models.AdminStatsDto
 import com.osglab.account.features.admin.stats.models.AdminUsageAggregateDto
+import com.osglab.account.features.admin.stats.services.AdminProductAnalyticsService
 import com.osglab.account.features.admin.stats.services.AdminStatsService
 import com.osglab.account.features.admin.users.models.AdminUserDetailDto
 import com.osglab.account.features.admin.users.models.AdminUserLedgerEntryDto
@@ -59,6 +60,7 @@ fun Route.adminApiRoutes(
     authService: AdminAuthService,
     sessionService: AdminSessionService,
     statsService: AdminStatsService,
+    productAnalyticsService: AdminProductAnalyticsService,
     usersService: AdminUsersService,
     grantService: AdminGrantService,
     operatorService: AdminOperatorService,
@@ -158,6 +160,16 @@ fun Route.adminApiRoutes(
             call.respond(stats.toReferralResponse())
         }
 
+        get("/analytics") {
+            if (call.requirePrincipal(sessionService) == null) return@get
+            val window = parseAdminStatsRange(call.request.queryParameters["range"], clock)
+                ?: run {
+                    call.respond(HttpStatusCode.BadRequest, AdminErrorResponse("VALIDATION_ERROR"))
+                    return@get
+                }
+            call.respond(productAnalyticsService.get(window.first, window.second))
+        }
+
         get("/users") {
             if (
                 call.requireRole(
@@ -500,6 +512,11 @@ private suspend fun AdminStatsService.getRange(
     range: String?,
     clock: Clock,
 ): AdminStatsDto? {
+    val window = parseAdminStatsRange(range, clock) ?: return null
+    return get(window.first, window.second)
+}
+
+private fun parseAdminStatsRange(range: String?, clock: Clock): Pair<java.time.Instant, java.time.Instant>? {
     val days = when (range) {
         null, "30d" -> 30L
         "7d" -> 7L
@@ -507,7 +524,7 @@ private suspend fun AdminStatsService.getRange(
         else -> return null
     }
     val until = clock.instant()
-    return get(until.minus(Duration.ofDays(days)), until)
+    return until.minus(Duration.ofDays(days)) to until
 }
 
 private suspend fun ApplicationCall.requirePrincipal(
@@ -657,8 +674,6 @@ private fun AdminStatsDto.toReferralResponse(): AdminReferralResponse =
             AdminFunnelResponse("邀请码创建", referralFunnel.codesCreated),
             AdminFunnelResponse("成功绑定", referralFunnel.bindings),
             AdminFunnelResponse("有效使用并奖励", referralFunnel.rewardedBindings),
-            AdminFunnelResponse("待资格确认", referralFunnel.pendingBindings),
-            AdminFunnelResponse("不符合奖励条件", referralFunnel.ineligibleBindings),
         ),
         ranking = referralRanking.map {
             AdminReferralRankResponse(
diff --git a/src/main/kotlin/com/osglab/account/features/admin/stats/models/AdminProductAnalyticsDtos.kt b/src/main/kotlin/com/osglab/account/features/admin/stats/models/AdminProductAnalyticsDtos.kt
new file mode 100644
index 0000000..c58ece5
--- /dev/null
+++ b/src/main/kotlin/com/osglab/account/features/admin/stats/models/AdminProductAnalyticsDtos.kt
@@ -0,0 +1,113 @@
+package com.osglab.account.features.admin.stats.models
+
+import kotlinx.serialization.Serializable
+
+@Serializable
+data class AdminAnalyticsRateDto(
+    val numerator: Long,
+    val denominator: Long,
+    val percent: Double?,
+)
+
+@Serializable
+data class AdminAnalyticsChannelDto(
+    val channel: String,
+    val installations: Long,
+    val activated: Long,
+    val activationRate: AdminAnalyticsRateDto,
+)
+
+@Serializable
+data class AdminAnalyticsCohortDto(
+    val cohortDate: String,
+    val size: Long,
+    val d1: AdminAnalyticsRateDto?,
+    val d7: AdminAnalyticsRateDto?,
+    val d30: AdminAnalyticsRateDto?,
+)
+
+@Serializable
+data class AdminAnalyticsFeatureUsageDto(
+    val feature: String,
+    val executionMode: String,
+    val users: Long,
+    val successes: Long,
+)
+
+@Serializable
+data class AdminAnalyticsFunnelStepDto(
+    val label: String,
+    val count: Long,
+)
+
+@Serializable
+data class AdminAnalyticsPeriodDto(
+    val from: String,
+    val until: String,
+)
+
+@Serializable
+data class AdminAnalyticsNorthStarDto(
+    val weeklyAiActiveUsers: Long,
+    val previousWeeklyAiActiveUsers: Long,
+    val weekOverWeekPercent: Double?,
+)
+
+@Serializable
+data class AdminAnalyticsGrowthDto(
+    val newInstallations: Long,
+    val newAccounts: Long,
+    val activation24h: AdminAnalyticsRateDto,
+    val medianTimeToValueMinutes: Double?,
+    val channels: List<AdminAnalyticsChannelDto>,
+)
+
+@Serializable
+data class AdminAnalyticsActivityDto(
+    val dau: Long,
+    val wau: Long,
+    val mau: Long,
+    val stickinessPercent: Double?,
+    val successfulAiRequests: Long,
+    val successfulRequestsPerActiveUser: Double?,
+)
+
+@Serializable
+data class AdminAnalyticsConsumptionDto(
+    val totalCredits: Long,
+    val averageDailyCreditsPerActiveUser: Double?,
+    val medianUserDailyCredits: Double?,
+    val averageCreditsPerManagedRequest: Double?,
+)
+
+@Serializable
+data class AdminAnalyticsMonetizationDto(
+    val payingUsers: Long,
+    val purchases: Long,
+    val creditsPurchased: Long,
+    val conversion7d: AdminAnalyticsRateDto,
+    val conversion30d: AdminAnalyticsRateDto,
+    val repeatPurchaseRate: AdminAnalyticsRateDto,
+)
+
+@Serializable
+data class AdminAnalyticsGuardrailsDto(
+    val clientAiSuccessRate: AdminAnalyticsRateDto,
+    val managedSuccessRate: AdminAnalyticsRateDto,
+    val creditBlockedUsers: Long,
+)
+
+@Serializable
+data class AdminProductAnalyticsDto(
+    val period: AdminAnalyticsPeriodDto,
+    val northStar: AdminAnalyticsNorthStarDto,
+    val growth: AdminAnalyticsGrowthDto,
+    val activity: AdminAnalyticsActivityDto,
+    val consumption: AdminAnalyticsConsumptionDto,
+    val monetization: AdminAnalyticsMonetizationDto,
+    val growthFunnel: List<AdminAnalyticsFunnelStepDto>,
+    val retention: List<AdminAnalyticsCohortDto>,
+    val aiFeatures: List<AdminAnalyticsFeatureUsageDto>,
+    val referralFunnel: List<AdminAnalyticsFunnelStepDto>,
+    val guardrails: AdminAnalyticsGuardrailsDto,
+)
diff --git a/src/main/kotlin/com/osglab/account/features/admin/stats/repositories/AdminProductAnalyticsRepository.kt b/src/main/kotlin/com/osglab/account/features/admin/stats/repositories/AdminProductAnalyticsRepository.kt
new file mode 100644
index 0000000..b1aede0
--- /dev/null
+++ b/src/main/kotlin/com/osglab/account/features/admin/stats/repositories/AdminProductAnalyticsRepository.kt
@@ -0,0 +1,829 @@
+package com.osglab.account.features.admin.stats.repositories
+
+import com.osglab.account.config.DatabaseFactory
+import org.jetbrains.exposed.v1.core.IColumnType
+import org.jetbrains.exposed.v1.javatime.JavaInstantColumnType
+import org.jetbrains.exposed.v1.jdbc.transactions.TransactionManager
+import java.math.BigDecimal
+import java.sql.ResultSet
+import java.time.Instant
+import java.time.LocalDate
+
+data class AdminAnalyticsWindow(
+    val from: Instant,
+    val until: Instant,
+) {
+    init {
+        require(from < until)
+    }
+}
+
+data class AdminAnalyticsCountRow(
+    val numerator: Long,
+    val denominator: Long,
+)
+
+data class AdminAnalyticsChannelRow(
+    val channel: String,
+    val installations: Long,
+    val activated: Long,
+)
+
+data class AdminAnalyticsCohortRow(
+    val cohortDate: LocalDate,
+    val size: Long,
+    val d1: Long,
+    val d7: Long,
+    val d30: Long,
+)
+
+data class AdminAnalyticsFeatureRow(
+    val feature: String,
+    val executionMode: String,
+    val users: Long,
+    val successes: Long,
+)
+
+data class AdminAnalyticsConsumptionRow(
+    val totalCredits: Long,
+    val managedRequests: Long,
+    val averageDailyCreditsPerActiveUser: Double?,
+    val medianUserDailyCredits: Double?,
+)
+
+data class AdminAnalyticsMonetizationRow(
+    val payingUsers: Long,
+    val purchases: Long,
+    val creditsPurchased: Long,
+    val conversion7d: AdminAnalyticsCountRow,
+    val conversion30d: AdminAnalyticsCountRow,
+    val repeatPurchase: AdminAnalyticsCountRow,
+)
+
+data class AdminAnalyticsReferralRow(
+    val shared: Long,
+    val opened: Long,
+    val bound: Long,
+    val activated: Long,
+    val rewarded: Long,
+)
+
+data class AdminAnalyticsGuardrailRow(
+    val clientSuccess: AdminAnalyticsCountRow,
+    val managedSuccess: AdminAnalyticsCountRow,
+    val creditBlockedUsers: Long,
+)
+
+data class AdminAnalyticsGrowthFunnelRow(
+    val opened: Long,
+    val registered: Long,
+    val activated: Long,
+    val retainedD7: Long,
+    val purchased: Long,
+)
+
+data class AdminProductAnalyticsSnapshot(
+    val currentWeeklyUsers: Long,
+    val previousWeeklyUsers: Long,
+    val newInstallations: Long,
+    val newAccounts: Long,
+    val activation24h: AdminAnalyticsCountRow,
+    val medianTimeToValueMinutes: Double?,
+    val channels: List<AdminAnalyticsChannelRow>,
+    val dau: Long,
+    val wau: Long,
+    val mau: Long,
+    val periodActiveUsers: Long,
+    val successfulAiRequests: Long,
+    val consumption: AdminAnalyticsConsumptionRow,
+    val monetization: AdminAnalyticsMonetizationRow,
+    val growthFunnel: AdminAnalyticsGrowthFunnelRow,
+    val retention: List<AdminAnalyticsCohortRow>,
+    val features: List<AdminAnalyticsFeatureRow>,
+    val referrals: AdminAnalyticsReferralRow,
+    val guardrails: AdminAnalyticsGuardrailRow,
+)
+
+interface AdminProductAnalyticsRepository {
+    suspend fun load(
+        range: AdminAnalyticsWindow,
+        currentWeek: AdminAnalyticsWindow,
+        previousWeek: AdminAnalyticsWindow,
+    ): AdminProductAnalyticsSnapshot
+}
+
+class ExposedAdminProductAnalyticsRepository(
+    private val databaseFactory: DatabaseFactory,
+) : AdminProductAnalyticsRepository {
+    override suspend fun load(
+        range: AdminAnalyticsWindow,
+        currentWeek: AdminAnalyticsWindow,
+        previousWeek: AdminAnalyticsWindow,
+    ): AdminProductAnalyticsSnapshot = databaseFactory.query {
+        val activation = loadActivation(range)
+        AdminProductAnalyticsSnapshot(
+            currentWeeklyUsers = loadValueActiveUsers(currentWeek),
+            previousWeeklyUsers = loadValueActiveUsers(previousWeek),
+            newInstallations = activation.denominator,
+            newAccounts = loadNewAccounts(range),
+            activation24h = AdminAnalyticsCountRow(activation.activated, activation.denominator),
+            medianTimeToValueMinutes = activation.medianMinutes,
+            channels = loadChannels(range),
+            dau = loadValueActiveUsers(
+                AdminAnalyticsWindow(range.until.minusSeconds(DAY_SECONDS), range.until),
+            ),
+            wau = loadValueActiveUsers(
+                AdminAnalyticsWindow(range.until.minusSeconds(7 * DAY_SECONDS), range.until),
+            ),
+            mau = loadValueActiveUsers(
+                AdminAnalyticsWindow(range.until.minusSeconds(30 * DAY_SECONDS), range.until),
+            ),
+            periodActiveUsers = loadValueActiveUsers(range),
+            successfulAiRequests = loadSuccessfulAiRequests(range),
+            consumption = loadConsumption(range),
+            monetization = loadMonetization(range),
+            growthFunnel = loadGrowthFunnel(range),
+            retention = loadRetention(range),
+            features = loadFeatures(range),
+            referrals = loadReferrals(range),
+            guardrails = loadGuardrails(range),
+        )
+    }
+
+    private fun loadValueActiveUsers(window: AdminAnalyticsWindow): Long =
+        querySingle(
+            valueEventsCte() +
+                """
+                SELECT COUNT(DISTINCT identity_key) AS aggregate_value
+                FROM value_events
+                WHERE occurred_at >= ? AND occurred_at < ?
+                """,
+            window.arguments(),
+        ) { it.exactLong("aggregate_value") }
+
+    private fun loadNewAccounts(range: AdminAnalyticsWindow): Long =
+        querySingle(
+            """
+            SELECT COUNT(*) AS aggregate_value
+            FROM accounts
+            WHERE created_at >= ? AND created_at < ?
+            """,
+            range.arguments(),
+        ) { it.exactLong("aggregate_value") }
+
+    private fun loadActivation(range: AdminAnalyticsWindow): ActivationRow =
+        querySingle(
+            """
+            WITH first_open AS (
+                SELECT installation_hash, MIN(occurred_at) AS opened_at
+                FROM product_analytics_events
+                WHERE event_name = 'FIRST_OPEN'
+                  AND occurred_at >= ? AND occurred_at < ?
+                GROUP BY installation_hash
+            ),
+            client_value AS (
+                SELECT installation_hash, MIN(occurred_at) AS value_at
+                FROM product_analytics_events
+                WHERE event_name = 'AI_FEATURE_SUCCEEDED'
+                  AND execution_mode IN ('LOCAL', 'BYOK')
+                GROUP BY installation_hash
+            ),
+            managed_value AS (
+                SELECT i.installation_hash, MIN(u.created_at) AS value_at
+                FROM product_analytics_installations i
+                JOIN credit_usage_records u ON u.user_id = i.account_id
+                GROUP BY i.installation_hash
+            ),
+            first_value_by_install AS (
+                SELECT installation_hash, MIN(value_at) AS value_at
+                FROM (
+                    SELECT * FROM client_value
+                    UNION ALL
+                    SELECT * FROM managed_value
+                ) values_by_source
+                GROUP BY installation_hash
+            ),
+            activated AS (
+                SELECT
+                    o.installation_hash,
+                    TIMESTAMPDIFF(SECOND, o.opened_at, v.value_at) AS seconds_to_value
+                FROM first_open o
+                JOIN first_value_by_install v ON v.installation_hash = o.installation_hash
+                WHERE v.value_at >= o.opened_at
+                  AND v.value_at <= DATE_ADD(o.opened_at, INTERVAL 24 HOUR)
+            ),
+            ranked AS (
+                SELECT
+                    seconds_to_value,
+                    ROW_NUMBER() OVER (ORDER BY seconds_to_value) AS row_number_value,
+                    COUNT(*) OVER () AS total_rows
+                FROM activated
+            )
+            SELECT
+                (SELECT COUNT(*) FROM first_open) AS denominator_value,
+                (SELECT COUNT(*) FROM activated) AS activated_value,
+                (
+                    SELECT AVG(seconds_to_value) / 60.0
+                    FROM ranked
+                    WHERE row_number_value IN (
+                        FLOOR((total_rows + 1) / 2),
+                        FLOOR((total_rows + 2) / 2)
+                    )
+                ) AS median_minutes
+            """,
+            range.arguments(),
+        ) {
+            ActivationRow(
+                denominator = it.exactLong("denominator_value"),
+                activated = it.exactLong("activated_value"),
+                medianMinutes = it.nullableDouble("median_minutes"),
+            )
+        }
+
+    private fun loadChannels(range: AdminAnalyticsWindow): List<AdminAnalyticsChannelRow> =
+        queryRows(
+            """
+            WITH first_open AS (
+                SELECT
+                    e.installation_hash,
+                    MIN(e.occurred_at) AS opened_at,
+                    COALESCE(
+                        MAX(
+                            CASE
+                                WHEN e.acquisition_channel <> 'UNKNOWN'
+                                THEN e.acquisition_channel
+                            END
+                        ),
+                        'UNKNOWN'
+                    ) AS channel
+                FROM product_analytics_events e
+                WHERE e.event_name = 'FIRST_OPEN'
+                  AND e.occurred_at >= ? AND e.occurred_at < ?
+                GROUP BY e.installation_hash
+            ),
+            client_value AS (
+                SELECT installation_hash, MIN(occurred_at) AS value_at
+                FROM product_analytics_events
+                WHERE event_name = 'AI_FEATURE_SUCCEEDED'
+                  AND execution_mode IN ('LOCAL', 'BYOK')
+                GROUP BY installation_hash
+            ),
+            managed_value AS (
+                SELECT i.installation_hash, MIN(u.created_at) AS value_at
+                FROM product_analytics_installations i
+                JOIN credit_usage_records u ON u.user_id = i.account_id
+                GROUP BY i.installation_hash
+            ),
+            first_value_by_install AS (
+                SELECT installation_hash, MIN(value_at) AS value_at
+                FROM (
+                    SELECT * FROM client_value
+                    UNION ALL
+                    SELECT * FROM managed_value
+                ) values_by_source
+                GROUP BY installation_hash
+            )
+            SELECT
+                o.channel,
+                COUNT(*) AS installations,
+                SUM(
+                    CASE
+                        WHEN v.value_at >= o.opened_at
+                         AND v.value_at <= DATE_ADD(o.opened_at, INTERVAL 24 HOUR)
+                        THEN 1 ELSE 0
+                    END
+                ) AS activated
+            FROM first_open o
+            LEFT JOIN first_value_by_install v ON v.installation_hash = o.installation_hash
+            GROUP BY o.channel
+            ORDER BY o.channel
+            """,
+            range.arguments(),
+        ) {
+            AdminAnalyticsChannelRow(
+                channel = it.getString("channel"),
+                installations = it.exactLong("installations"),
+                activated = it.exactLong("activated"),
+            )
+        }
+
+    private fun loadSuccessfulAiRequests(range: AdminAnalyticsWindow): Long =
+        querySingle(
+            """
+            SELECT
+                (
+                    SELECT COUNT(*)
+                    FROM credit_usage_records
+                    WHERE created_at >= ? AND created_at < ?
+                ) + (
+                    SELECT COUNT(*)
+                    FROM product_analytics_events
+                    WHERE occurred_at >= ? AND occurred_at < ?
+                      AND event_name = 'AI_FEATURE_SUCCEEDED'
+                      AND execution_mode IN ('LOCAL', 'BYOK')
+                ) AS aggregate_value
+            """,
+            range.arguments(repetitions = 2),
+        ) { it.exactLong("aggregate_value") }
+
+    private fun loadConsumption(range: AdminAnalyticsWindow): AdminAnalyticsConsumptionRow =
+        querySingle(
+            """
+            WITH user_days AS (
+                SELECT
+                    user_id,
+                    DATE(created_at) AS usage_date,
+                    SUM(charged_credits) AS daily_credits
+                FROM credit_usage_records
+                WHERE created_at >= ? AND created_at < ?
+                GROUP BY user_id, DATE(created_at)
+            ),
+            day_totals AS (
+                SELECT
+                    usage_date,
+                    SUM(daily_credits) AS credits,
+                    COUNT(*) AS users
+                FROM user_days
+                GROUP BY usage_date
+            ),
+            ranked_user_days AS (
+                SELECT
+                    daily_credits,
+                    ROW_NUMBER() OVER (ORDER BY daily_credits) AS row_number_value,
+                    COUNT(*) OVER () AS total_rows
+                FROM user_days
+            )
+            SELECT
+                COALESCE((SELECT SUM(daily_credits) FROM user_days), 0) AS total_credits,
+                COALESCE((SELECT COUNT(*) FROM credit_usage_records
+                          WHERE created_at >= ? AND created_at < ?), 0) AS managed_requests,
+                (SELECT AVG(credits / NULLIF(users, 0)) FROM day_totals)
+                    AS average_daily_per_user,
+                (
+                    SELECT AVG(daily_credits)
+                    FROM ranked_user_days
+                    WHERE row_number_value IN (
+                        FLOOR((total_rows + 1) / 2),
+                        FLOOR((total_rows + 2) / 2)
+                    )
+                ) AS median_user_day
+            """,
+            range.arguments(repetitions = 2),
+        ) {
+            AdminAnalyticsConsumptionRow(
+                totalCredits = it.exactLong("total_credits"),
+                managedRequests = it.exactLong("managed_requests"),
+                averageDailyCreditsPerActiveUser = it.nullableDouble("average_daily_per_user"),
+                medianUserDailyCredits = it.nullableDouble("median_user_day"),
+            )
+        }
+
+    private fun loadMonetization(range: AdminAnalyticsWindow): AdminAnalyticsMonetizationRow {
+        val sevenDayMaturity = range.until.minusSeconds(7 * DAY_SECONDS)
+        val thirtyDayMaturity = range.until.minusSeconds(30 * DAY_SECONDS)
+        return querySingle(
+            """
+            WITH first_purchase AS (
+                SELECT user_id, MIN(purchased_at) AS first_purchased_at, COUNT(*) AS lifetime_purchases
+                FROM storekit_credit_purchases
+                GROUP BY user_id
+            ),
+            period_payers AS (
+                SELECT user_id, COUNT(*) AS period_purchases
+                FROM storekit_credit_purchases
+                WHERE purchased_at >= ? AND purchased_at < ?
+                GROUP BY user_id
+            )
+            SELECT
+                (SELECT COUNT(*) FROM period_payers) AS paying_users,
+                (
+                    SELECT COUNT(*)
+                    FROM storekit_credit_purchases
+                    WHERE purchased_at >= ? AND purchased_at < ?
+                ) AS purchases,
+                (
+                    SELECT COALESCE(SUM(credits_granted), 0)
+                    FROM storekit_credit_purchases
+                    WHERE purchased_at >= ? AND purchased_at < ?
+                ) AS credits_purchased,
+                (
+                    SELECT COUNT(*)
+                    FROM accounts
+                    WHERE created_at >= ? AND created_at < ?
+                ) AS conversion_7_denominator,
+                (
+                    SELECT COUNT(*)
+                    FROM accounts a
+                    JOIN first_purchase p ON p.user_id = a.id
+                    WHERE a.created_at >= ? AND a.created_at < ?
+                      AND p.first_purchased_at <= DATE_ADD(a.created_at, INTERVAL 7 DAY)
+                ) AS conversion_7_numerator,
+                (
+                    SELECT COUNT(*)
+                    FROM accounts
+                    WHERE created_at >= ? AND created_at < ?
+                ) AS conversion_30_denominator,
+                (
+                    SELECT COUNT(*)
+                    FROM accounts a
+                    JOIN first_purchase p ON p.user_id = a.id
+                    WHERE a.created_at >= ? AND a.created_at < ?
+                      AND p.first_purchased_at <= DATE_ADD(a.created_at, INTERVAL 30 DAY)
+                ) AS conversion_30_numerator,
+                (
+                    SELECT COUNT(*)
+                    FROM period_payers pp
+                    JOIN first_purchase fp ON fp.user_id = pp.user_id
+                    WHERE fp.lifetime_purchases >= 2
+                ) AS repeat_numerator,
+                (SELECT COUNT(*) FROM period_payers) AS repeat_denominator
+            """,
+            buildList {
+                addAll(range.arguments(repetitions = 3))
+                addAll(maturedWindowArguments(range.from, sevenDayMaturity))
+                addAll(maturedWindowArguments(range.from, sevenDayMaturity))
+                addAll(maturedWindowArguments(range.from, thirtyDayMaturity))
+                addAll(maturedWindowArguments(range.from, thirtyDayMaturity))
+            },
+        ) {
+            AdminAnalyticsMonetizationRow(
+                payingUsers = it.exactLong("paying_users"),
+                purchases = it.exactLong("purchases"),
+                creditsPurchased = it.exactLong("credits_purchased"),
+                conversion7d = AdminAnalyticsCountRow(
+                    it.exactLong("conversion_7_numerator"),
+                    it.exactLong("conversion_7_denominator"),
+                ),
+                conversion30d = AdminAnalyticsCountRow(
+                    it.exactLong("conversion_30_numerator"),
+                    it.exactLong("conversion_30_denominator"),
+                ),
+                repeatPurchase = AdminAnalyticsCountRow(
+                    it.exactLong("repeat_numerator"),
+                    it.exactLong("repeat_denominator"),
+                ),
+            )
+        }
+    }
+
+    private fun loadGrowthFunnel(range: AdminAnalyticsWindow): AdminAnalyticsGrowthFunnelRow =
+        querySingle(
+            """
+            WITH first_open AS (
+                SELECT installation_hash, MIN(occurred_at) AS opened_at
+                FROM product_analytics_events
+                WHERE event_name = 'FIRST_OPEN'
+                  AND occurred_at >= ? AND occurred_at < ?
+                GROUP BY installation_hash
+            ),
+            client_values AS (
+                SELECT installation_hash, occurred_at
+                FROM product_analytics_events
+                WHERE event_name = 'AI_FEATURE_SUCCEEDED'
+                  AND execution_mode IN ('LOCAL', 'BYOK')
+            ),
+            managed_values AS (
+                SELECT i.installation_hash, u.created_at AS occurred_at
+                FROM product_analytics_installations i
+                JOIN credit_usage_records u ON u.user_id = i.account_id
+            ),
+            values_by_install AS (
+                SELECT * FROM client_values
+                UNION ALL
+                SELECT * FROM managed_values
+            ),
+            activated AS (
+                SELECT
+                    o.installation_hash,
+                    o.opened_at,
+                    MIN(v.occurred_at) AS first_value_at
+                FROM first_open o
+                JOIN values_by_install v ON v.installation_hash = o.installation_hash
+                WHERE v.occurred_at >= o.opened_at
+                  AND v.occurred_at <= DATE_ADD(o.opened_at, INTERVAL 24 HOUR)
+                GROUP BY o.installation_hash, o.opened_at
+            )
+            SELECT
+                (SELECT COUNT(*) FROM first_open) AS opened,
+                (
+                    SELECT COUNT(*)
+                    FROM first_open o
+                    JOIN product_analytics_installations i
+                      ON i.installation_hash = o.installation_hash
+                    WHERE i.account_id IS NOT NULL
+                ) AS registered,
+                (SELECT COUNT(*) FROM activated) AS activated,
+                (
+                    SELECT COUNT(*)
+                    FROM activated a
+                    WHERE EXISTS (
+                        SELECT 1
+                        FROM values_by_install v
+                        WHERE v.installation_hash = a.installation_hash
+                          AND DATE(v.occurred_at) = DATE_ADD(DATE(a.first_value_at), INTERVAL 7 DAY)
+                    )
+                ) AS retained_d7,
+                (
+                    SELECT COUNT(*)
+                    FROM first_open o
+                    JOIN product_analytics_installations i
+                      ON i.installation_hash = o.installation_hash
+                    WHERE EXISTS (
+                        SELECT 1
+                        FROM storekit_credit_purchases p
+                        WHERE p.user_id = i.account_id
+                          AND p.purchased_at >= o.opened_at
+                          AND p.purchased_at < ?
+                    )
+                ) AS purchased
+            """,
+            range.arguments() + listOf(INSTANT_COLUMN_TYPE to range.until),
+        ) {
+            AdminAnalyticsGrowthFunnelRow(
+                opened = it.exactLong("opened"),
+                registered = it.exactLong("registered"),
+                activated = it.exactLong("activated"),
+                retainedD7 = it.exactLong("retained_d7"),
+                purchased = it.exactLong("purchased"),
+            )
+        }
+
+    private fun loadRetention(range: AdminAnalyticsWindow): List<AdminAnalyticsCohortRow> =
+        queryRows(
+            valueEventsCte() +
+                """
+                , first_value_by_identity AS (
+                    SELECT identity_key, MIN(occurred_at) AS first_value_at
+                    FROM value_events
+                    GROUP BY identity_key
+                )
+                SELECT
+                    DATE(f.first_value_at) AS cohort_date,
+                    COUNT(DISTINCT f.identity_key) AS cohort_size,
+                    COUNT(
+                        DISTINCT CASE
+                            WHEN DATEDIFF(DATE(v.occurred_at), DATE(f.first_value_at)) = 1
+                            THEN f.identity_key
+                        END
+                    ) AS retained_d1,
+                    COUNT(
+                        DISTINCT CASE
+                            WHEN DATEDIFF(DATE(v.occurred_at), DATE(f.first_value_at)) = 7
+                            THEN f.identity_key
+                        END
+                    ) AS retained_d7,
+                    COUNT(
+                        DISTINCT CASE
+                            WHEN DATEDIFF(DATE(v.occurred_at), DATE(f.first_value_at)) = 30
+                            THEN f.identity_key
+                        END
+                    ) AS retained_d30
+                FROM first_value_by_identity f
+                LEFT JOIN value_events v ON v.identity_key = f.identity_key
+                WHERE f.first_value_at >= ? AND f.first_value_at < ?
+                GROUP BY DATE(f.first_value_at)
+                ORDER BY cohort_date DESC
+                """,
+            range.arguments(),
+        ) {
+            AdminAnalyticsCohortRow(
+                cohortDate = it.getObject("cohort_date", LocalDate::class.java),
+                size = it.exactLong("cohort_size"),
+                d1 = it.exactLong("retained_d1"),
+                d7 = it.exactLong("retained_d7"),
+                d30 = it.exactLong("retained_d30"),
+            )
+        }
+
+    private fun loadFeatures(range: AdminAnalyticsWindow): List<AdminAnalyticsFeatureRow> =
+        queryRows(
+            """
+            SELECT
+                e.feature,
+                e.execution_mode,
+                COUNT(
+                    DISTINCT COALESCE(
+                        CONCAT('a:', i.account_id),
+                        CONCAT('i:', e.installation_hash)
+                    )
+                ) AS users,
+                COUNT(*) AS successes
+            FROM product_analytics_events e
+            JOIN product_analytics_installations i
+              ON i.installation_hash = e.installation_hash
+            WHERE e.occurred_at >= ? AND e.occurred_at < ?
+              AND e.event_name = 'AI_FEATURE_SUCCEEDED'
+            GROUP BY e.feature, e.execution_mode
+            ORDER BY successes DESC, e.feature, e.execution_mode
+            """,
+            range.arguments(),
+        ) {
+            AdminAnalyticsFeatureRow(
+                feature = it.getString("feature"),
+                executionMode = it.getString("execution_mode"),
+                users = it.exactLong("users"),
+                successes = it.exactLong("successes"),
+            )
+        }
+
+    private fun loadReferrals(range: AdminAnalyticsWindow): AdminAnalyticsReferralRow =
+        querySingle(
+            valueEventsCte() +
+                """
+                SELECT
+                    (
+                        SELECT COUNT(DISTINCT installation_hash)
+                        FROM product_analytics_events
+                        WHERE event_name = 'REFERRAL_SHARED'
+                          AND occurred_at >= ? AND occurred_at < ?
+                    ) AS shared,
+                    (
+                        SELECT COUNT(DISTINCT installation_hash)
+                        FROM product_analytics_events
+                        WHERE event_name = 'INVITE_OPENED'
+                          AND occurred_at >= ? AND occurred_at < ?
+                    ) + (
+                        SELECT COALESCE(SUM(counter_value), 0)
+                        FROM product_analytics_daily_counters
+                        WHERE counter_name = 'INVITE_PAGE_OPENED'
+                          AND counter_date >= DATE(?) AND counter_date < DATE(?)
+                    ) AS opened,
+                    (
+                        SELECT COUNT(*)
+                        FROM referral_bindings
+                        WHERE bound_at >= ? AND bound_at < ?
+                    ) AS bound,
+                    (
+                        SELECT COUNT(*)
+                        FROM referral_bindings r
+                        WHERE r.bound_at >= ? AND r.bound_at < ?
+                          AND EXISTS (
+                              SELECT 1
+                              FROM value_events v
+                              WHERE v.identity_key = CONCAT('a:', r.invitee_user_id)
+                                AND v.occurred_at >= r.bound_at
+                                AND v.occurred_at < ?
+                          )
+                    ) AS activated,
+                    (
+                        SELECT COUNT(*)
+                        FROM referral_bindings
+                        WHERE bound_at >= ? AND bound_at < ?
+                          AND reward_status = 'REWARDED'
+                    ) AS rewarded
+                """,
+            buildList {
+                addAll(range.arguments(repetitions = 5))
+                add(INSTANT_COLUMN_TYPE to range.until)
+                addAll(range.arguments())
+            },
+        ) {
+            AdminAnalyticsReferralRow(
+                shared = it.exactLong("shared"),
+                opened = it.exactLong("opened"),
+                bound = it.exactLong("bound"),
+                activated = it.exactLong("activated"),
+                rewarded = it.exactLong("rewarded"),
+            )
+        }
+
+    private fun loadGuardrails(range: AdminAnalyticsWindow): AdminAnalyticsGuardrailRow =
+        querySingle(
+            """
+            SELECT
+                (
+                    SELECT COUNT(*)
+                    FROM product_analytics_events
+                    WHERE occurred_at >= ? AND occurred_at < ?
+                      AND event_name = 'AI_FEATURE_SUCCEEDED'
+                ) AS client_success,
+                (
+                    SELECT COUNT(*)
+                    FROM product_analytics_events
+                    WHERE occurred_at >= ? AND occurred_at < ?
+                      AND event_name IN ('AI_FEATURE_SUCCEEDED', 'AI_FEATURE_FAILED')
+                ) AS client_terminal,
+                (
+                    SELECT COUNT(*)
+                    FROM provider_requests
+                    WHERE completed_at >= ? AND completed_at < ?
+                      AND status = 'SETTLED'
+                ) AS managed_success,
+                (
+                    SELECT COUNT(*)
+                    FROM provider_requests
+                    WHERE completed_at >= ? AND completed_at < ?
+                      AND status IN ('SETTLED', 'RELEASED', 'MANUAL_REVIEW')
+                ) AS managed_terminal,
+                (
+                    SELECT COUNT(
+                        DISTINCT COALESCE(
+                            CONCAT('a:', i.account_id),
+                            CONCAT('i:', e.installation_hash)
+                        )
+                    )
+                    FROM product_analytics_events e
+                    JOIN product_analytics_installations i
+                      ON i.installation_hash = e.installation_hash
+                    WHERE e.occurred_at >= ? AND e.occurred_at < ?
+                      AND e.event_name = 'AI_FEATURE_FAILED'
+                      AND e.failure_category = 'INSUFFICIENT_CREDITS'
+                ) AS credit_blocked_users
+            """,
+            range.arguments(repetitions = 5),
+        ) {
+            AdminAnalyticsGuardrailRow(
+                clientSuccess = AdminAnalyticsCountRow(
+                    it.exactLong("client_success"),
+                    it.exactLong("client_terminal"),
+                ),
+                managedSuccess = AdminAnalyticsCountRow(
+                    it.exactLong("managed_success"),
+                    it.exactLong("managed_terminal"),
+                ),
+                creditBlockedUsers = it.exactLong("credit_blocked_users"),
+            )
+        }
+}
+
+private data class ActivationRow(
+    val denominator: Long,
+    val activated: Long,
+    val medianMinutes: Double?,
+)
+
+private fun valueEventsCte(): String =
+    """
+    WITH value_events AS (
+        SELECT
+            CONCAT('a:', user_id) AS identity_key,
+            created_at AS occurred_at
+        FROM credit_usage_records
+        UNION ALL
+        SELECT
+            COALESCE(
+                CONCAT('a:', i.account_id),
+                CONCAT('i:', e.installation_hash)
+            ) AS identity_key,
+            e.occurred_at
+        FROM product_analytics_events e
+        JOIN product_analytics_installations i
+          ON i.installation_hash = e.installation_hash
+        WHERE e.event_name = 'AI_FEATURE_SUCCEEDED'
+          AND e.execution_mode IN ('LOCAL', 'BYOK')
+    )
+    """.trimIndent()
+
+private fun AdminAnalyticsWindow.arguments(
+    repetitions: Int = 1,
+): List<Pair<IColumnType<*>, Any?>> = buildList {
+    repeat(repetitions) {
+        add(INSTANT_COLUMN_TYPE to from)
+        add(INSTANT_COLUMN_TYPE to until)
+    }
+}
+
+private fun maturedWindowArguments(
+    from: Instant,
+    maturityEnd: Instant,
+): List<Pair<IColumnType<*>, Any?>> =
+    listOf(
+        INSTANT_COLUMN_TYPE to from,
+        INSTANT_COLUMN_TYPE to maxOf(from, maturityEnd),
+    )
+
+private fun <T> querySingle(
+    sql: String,
+    arguments: List<Pair<IColumnType<*>, Any?>>,
+    transform: (ResultSet) -> T,
+): T = queryRows(sql, arguments, transform).single()
+
+private fun <T> queryRows(
+    sql: String,
+    arguments: List<Pair<IColumnType<*>, Any?>>,
+    transform: (ResultSet) -> T,
+): List<T> {
+    val normalized = sql.trimIndent()
+    // Exposed classifies statements beginning with WITH as updates. Wrapping the
+    // CTE keeps prepared arguments and makes the statement unambiguously a query.
+    val executable = if (normalized.startsWith("WITH ", ignoreCase = true)) {
+        "SELECT * FROM (\n$normalized\n) AS analytics_result"
+    } else {
+        normalized
+    }
+    return TransactionManager.current().exec(executable, arguments) { result ->
+    buildList {
+        while (result.next()) add(transform(result))
+    }
+} ?: emptyList()
+}
+
+private fun ResultSet.exactLong(column: String): Long =
+    requireNotNull(getBigDecimal(column)) { "Aggregate column $column must not be null" }
+        .longValueExact()
+
+private fun ResultSet.nullableDouble(column: String): Double? =
+    getBigDecimal(column)?.toDouble()
+
+private val INSTANT_COLUMN_TYPE = JavaInstantColumnType()
+private const val DAY_SECONDS = 86_400L
diff --git a/src/main/kotlin/com/osglab/account/features/admin/stats/services/AdminProductAnalyticsService.kt b/src/main/kotlin/com/osglab/account/features/admin/stats/services/AdminProductAnalyticsService.kt
new file mode 100644
index 0000000..78adf04
--- /dev/null
+++ b/src/main/kotlin/com/osglab/account/features/admin/stats/services/AdminProductAnalyticsService.kt
@@ -0,0 +1,187 @@
+package com.osglab.account.features.admin.stats.services
+
+import com.osglab.account.features.admin.stats.models.AdminAnalyticsActivityDto
+import com.osglab.account.features.admin.stats.models.AdminAnalyticsChannelDto
+import com.osglab.account.features.admin.stats.models.AdminAnalyticsCohortDto
+import com.osglab.account.features.admin.stats.models.AdminAnalyticsConsumptionDto
+import com.osglab.account.features.admin.stats.models.AdminAnalyticsFeatureUsageDto
+import com.osglab.account.features.admin.stats.models.AdminAnalyticsFunnelStepDto
+import com.osglab.account.features.admin.stats.models.AdminAnalyticsGrowthDto
+import com.osglab.account.features.admin.stats.models.AdminAnalyticsGuardrailsDto
+import com.osglab.account.features.admin.stats.models.AdminAnalyticsMonetizationDto
+import com.osglab.account.features.admin.stats.models.AdminAnalyticsNorthStarDto
+import com.osglab.account.features.admin.stats.models.AdminAnalyticsPeriodDto
+import com.osglab.account.features.admin.stats.models.AdminAnalyticsRateDto
+import com.osglab.account.features.admin.stats.models.AdminProductAnalyticsDto
+import com.osglab.account.features.admin.stats.repositories.AdminAnalyticsCountRow
+import com.osglab.account.features.admin.stats.repositories.AdminAnalyticsWindow
+import com.osglab.account.features.admin.stats.repositories.AdminProductAnalyticsRepository
+import java.math.BigDecimal
+import java.math.RoundingMode
+import java.time.DayOfWeek
+import java.time.Duration
+import java.time.Instant
+import java.time.ZoneOffset
+import java.time.temporal.TemporalAdjusters
+
+class AdminProductAnalyticsService(
+    private val repository: AdminProductAnalyticsRepository,
+) {
+    suspend fun get(from: Instant, until: Instant): AdminProductAnalyticsDto {
+        require(from < until)
+        val currentWeek = currentWeekWindow(until)
+        val elapsed = Duration.between(currentWeek.from, currentWeek.until)
+        val previousWeek = AdminAnalyticsWindow(
+            from = currentWeek.from.minus(Duration.ofDays(7)),
+            until = currentWeek.from.minus(Duration.ofDays(7)).plus(elapsed),
+        )
+        val snapshot = repository.load(
+            range = AdminAnalyticsWindow(from, until),
+            currentWeek = currentWeek,
+            previousWeek = previousWeek,
+        )
+        val referrals = snapshot.referrals
+        val growth = snapshot.growthFunnel
+        return AdminProductAnalyticsDto(
+            period = AdminAnalyticsPeriodDto(from.toString(), until.toString()),
+            northStar = AdminAnalyticsNorthStarDto(
+                weeklyAiActiveUsers = snapshot.currentWeeklyUsers,
+                previousWeeklyAiActiveUsers = snapshot.previousWeeklyUsers,
+                weekOverWeekPercent = growthPercent(
+                    snapshot.currentWeeklyUsers,
+                    snapshot.previousWeeklyUsers,
+                ),
+            ),
+            growth = AdminAnalyticsGrowthDto(
+                newInstallations = snapshot.newInstallations,
+                newAccounts = snapshot.newAccounts,
+                activation24h = snapshot.activation24h.toRate(),
+                medianTimeToValueMinutes = snapshot.medianTimeToValueMinutes?.rounded(),
+                channels = snapshot.channels.map {
+                    AdminAnalyticsChannelDto(
+                        channel = it.channel,
+                        installations = it.installations,
+                        activated = it.activated,
+                        activationRate = AdminAnalyticsCountRow(
+                            it.activated,
+                            it.installations,
+                        ).toRate(),
+                    )
+                },
+            ),
+            activity = AdminAnalyticsActivityDto(
+                dau = snapshot.dau,
+                wau = snapshot.wau,
+                mau = snapshot.mau,
+                stickinessPercent = percentage(snapshot.dau, snapshot.mau),
+                successfulAiRequests = snapshot.successfulAiRequests,
+                successfulRequestsPerActiveUser = ratio(
+                    snapshot.successfulAiRequests,
+                    snapshot.periodActiveUsers,
+                ),
+            ),
+            consumption = AdminAnalyticsConsumptionDto(
+                totalCredits = snapshot.consumption.totalCredits,
+                averageDailyCreditsPerActiveUser =
+                    snapshot.consumption.averageDailyCreditsPerActiveUser?.rounded(),
+                medianUserDailyCredits = snapshot.consumption.medianUserDailyCredits?.rounded(),
+                averageCreditsPerManagedRequest = ratio(
+                    snapshot.consumption.totalCredits,
+                    snapshot.consumption.managedRequests,
+                ),
+            ),
+            monetization = AdminAnalyticsMonetizationDto(
+                payingUsers = snapshot.monetization.payingUsers,
+                purchases = snapshot.monetization.purchases,
+                creditsPurchased = snapshot.monetization.creditsPurchased,
+                conversion7d = snapshot.monetization.conversion7d.toRate(),
+                conversion30d = snapshot.monetization.conversion30d.toRate(),
+                repeatPurchaseRate = snapshot.monetization.repeatPurchase.toRate(),
+            ),
+            growthFunnel = listOf(
+                AdminAnalyticsFunnelStepDto("首次启动", growth.opened),
+                AdminAnalyticsFunnelStepDto("完成注册", growth.registered),
+                AdminAnalyticsFunnelStepDto("24 小时内首次 AI 成功", growth.activated),
+                AdminAnalyticsFunnelStepDto("D7 再次使用 AI", growth.retainedD7),
+                AdminAnalyticsFunnelStepDto("首次购买", growth.purchased),
+            ),
+            retention = snapshot.retention.map { cohort ->
+                AdminAnalyticsCohortDto(
+                    cohortDate = cohort.cohortDate.toString(),
+                    size = cohort.size,
+                    d1 = cohort.takeIf { isMature(it.cohortDate.atStartOfDay().toInstant(ZoneOffset.UTC), 1, until) }
+                        ?.let { AdminAnalyticsCountRow(it.d1, it.size).toRate() },
+                    d7 = cohort.takeIf { isMature(it.cohortDate.atStartOfDay().toInstant(ZoneOffset.UTC), 7, until) }
+                        ?.let { AdminAnalyticsCountRow(it.d7, it.size).toRate() },
+                    d30 = cohort.takeIf {
+                        isMature(it.cohortDate.atStartOfDay().toInstant(ZoneOffset.UTC), 30, until)
+                    }?.let { AdminAnalyticsCountRow(it.d30, it.size).toRate() },
+                )
+            },
+            aiFeatures = snapshot.features.map {
+                AdminAnalyticsFeatureUsageDto(
+                    feature = it.feature,
+                    executionMode = it.executionMode,
+                    users = it.users,
+                    successes = it.successes,
+                )
+            },
+            referralFunnel = listOf(
+                AdminAnalyticsFunnelStepDto("发起分享", referrals.shared),
+                AdminAnalyticsFunnelStepDto("打开邀请", referrals.opened),
+                AdminAnalyticsFunnelStepDto("完成绑定", referrals.bound),
+                AdminAnalyticsFunnelStepDto("首次 AI 成功", referrals.activated),
+                AdminAnalyticsFunnelStepDto("完成奖励", referrals.rewarded),
+            ),
+            guardrails = AdminAnalyticsGuardrailsDto(
+                clientAiSuccessRate = snapshot.guardrails.clientSuccess.toRate(),
+                managedSuccessRate = snapshot.guardrails.managedSuccess.toRate(),
+                creditBlockedUsers = snapshot.guardrails.creditBlockedUsers,
+            ),
+        )
+    }
+}
+
+private fun currentWeekWindow(until: Instant): AdminAnalyticsWindow {
+    val referenceDate = until.minusNanos(1).atZone(ZoneOffset.UTC).toLocalDate()
+    val weekStart = referenceDate
+        .with(TemporalAdjusters.previousOrSame(DayOfWeek.MONDAY))
+        .atStartOfDay(ZoneOffset.UTC)
+        .toInstant()
+    return AdminAnalyticsWindow(weekStart, until)
+}
+
+private fun AdminAnalyticsCountRow.toRate(): AdminAnalyticsRateDto =
+    AdminAnalyticsRateDto(
+        numerator = numerator,
+        denominator = denominator,
+        percent = percentage(numerator, denominator),
+    )
+
+private fun percentage(numerator: Long, denominator: Long): Double? =
+    if (denominator == 0L) null else
+        numerator.toBigDecimal()
+            .multiply(HUNDRED)
+            .divide(denominator.toBigDecimal(), 1, RoundingMode.HALF_UP)
+            .toDouble()
+
+private fun ratio(numerator: Long, denominator: Long): Double? =
+    if (denominator == 0L) null else
+        numerator.toBigDecimal()
+            .divide(denominator.toBigDecimal(), 2, RoundingMode.HALF_UP)
+            .toDouble()
+
+private fun growthPercent(current: Long, previous: Long): Double? =
+    if (previous == 0L) null else
+        (current - previous).toBigDecimal()
+            .multiply(HUNDRED)
+            .divide(previous.toBigDecimal(), 1, RoundingMode.HALF_UP)
+            .toDouble()
+
+private fun Double.rounded(scale: Int = 1): Double =
+    toBigDecimal().setScale(scale, RoundingMode.HALF_UP).toDouble()
+
+private fun isMature(cohortStart: Instant, offsetDays: Long, until: Instant): Boolean =
+    !until.isBefore(cohortStart.plus(Duration.ofDays(offsetDays + 1)))
+
+private val HUNDRED = BigDecimal.valueOf(100)
diff --git a/src/main/kotlin/com/osglab/account/features/analytics/domain/AnalyticsDomain.kt b/src/main/kotlin/com/osglab/account/features/analytics/domain/AnalyticsDomain.kt
new file mode 100644
index 0000000..fba305a
--- /dev/null
+++ b/src/main/kotlin/com/osglab/account/features/analytics/domain/AnalyticsDomain.kt
@@ -0,0 +1,113 @@
+package com.osglab.account.features.analytics.domain
+
+import com.osglab.account.common.errors.ApiException
+import io.ktor.http.HttpStatusCode
+import java.time.Instant
+import java.util.UUID
+import kotlinx.serialization.Serializable
+
+@Serializable
+enum class AnalyticsEventType {
+    FIRST_OPEN,
+    SESSION_STARTED,
+    KEYBOARD_ACTIVATED,
+    AI_FEATURE_STARTED,
+    AI_FEATURE_SUCCEEDED,
+    AI_FEATURE_FAILED,
+    PURCHASE_VIEWED,
+    PURCHASE_STARTED,
+    PURCHASE_CANCELLED,
+    REFERRAL_SHARED,
+    INVITE_OPENED,
+}
+
+@Serializable
+enum class AnalyticsSurface {
+    APP,
+    KEYBOARD,
+    INVITE_WEB,
+}
+
+@Serializable
+enum class AnalyticsAcquisitionChannel {
+    APP_STORE_ORGANIC,
+    REFERRAL,
+    SOCIAL_CONTENT,
+    UNKNOWN,
+}
+
+@Serializable
+enum class AnalyticsFeature {
+    TRANSCRIPTION,
+    POLISH,
+    AI_ASSISTANT,
+    AGENT,
+    HOTWORD,
+    OTHER,
+}
+
+@Serializable
+enum class AnalyticsExecutionMode {
+    MANAGED,
+    LOCAL,
+    BYOK,
+}
+
+@Serializable
+enum class AnalyticsFailureCategory {
+    NETWORK,
+    PROVIDER,
+    TIMEOUT,
+    CANCELLED,
+    INSUFFICIENT_CREDITS,
+    VALIDATION,
+    UNKNOWN,
+}
+
+@Serializable
+enum class AnalyticsDurationBucket {
+    LT_1S,
+    S1_TO_3,
+    S3_TO_10,
+    S10_TO_30,
+    GTE_30S,
+}
+
+data class AnalyticsEvent(
+    val clientEventId: UUID,
+    val eventType: AnalyticsEventType,
+    val occurredAt: Instant,
+    val surface: AnalyticsSurface,
+    val acquisitionChannel: AnalyticsAcquisitionChannel?,
+    val feature: AnalyticsFeature?,
+    val executionMode: AnalyticsExecutionMode?,
+    val failureCategory: AnalyticsFailureCategory?,
+    val durationBucket: AnalyticsDurationBucket?,
+    val appVersion: String?,
+    val osVersion: String?,
+    val payloadHash: String,
+) {
+    override fun toString(): String = "AnalyticsEvent([REDACTED])"
+}
+
+data class AnalyticsBatch(
+    val installationHash: String,
+    val accountId: UUID?,
+    val events: List<AnalyticsEvent>,
+    val receivedAt: Instant,
+) {
+    override fun toString(): String =
+        "AnalyticsBatch(installationHash=[REDACTED], accountId=[REDACTED], events=${events.size})"
+}
+
+data class AnalyticsIngestResult(
+    val accepted: Int,
+    val replayed: Int,
+)
+
+class AnalyticsEventTimeException :
+    ApiException(
+        status = HttpStatusCode.UnprocessableEntity,
+        code = "event_time_invalid",
+        message = "An event timestamp is outside the accepted range",
+    )
diff --git a/src/main/kotlin/com/osglab/account/features/analytics/models/AnalyticsDtos.kt b/src/main/kotlin/com/osglab/account/features/analytics/models/AnalyticsDtos.kt
new file mode 100644
index 0000000..1d908bc
--- /dev/null
+++ b/src/main/kotlin/com/osglab/account/features/analytics/models/AnalyticsDtos.kt
@@ -0,0 +1,48 @@
+package com.osglab.account.features.analytics.models
+
+import com.osglab.account.features.analytics.domain.AnalyticsAcquisitionChannel
+import com.osglab.account.features.analytics.domain.AnalyticsDurationBucket
+import com.osglab.account.features.analytics.domain.AnalyticsEventType
+import com.osglab.account.features.analytics.domain.AnalyticsExecutionMode
+import com.osglab.account.features.analytics.domain.AnalyticsFailureCategory
+import com.osglab.account.features.analytics.domain.AnalyticsFeature
+import com.osglab.account.features.analytics.domain.AnalyticsIngestResult
+import com.osglab.account.features.analytics.domain.AnalyticsSurface
+import kotlinx.serialization.Serializable
+
+@Serializable
+data class AnalyticsBatchRequest(
+    val installationId: String,
+    val events: List<AnalyticsEventRequest>,
+) {
+    override fun toString(): String =
+        "AnalyticsBatchRequest(installationId=[REDACTED], events=[REDACTED size=${events.size}])"
+}
+
+@Serializable
+data class AnalyticsEventRequest(
+    val clientEventId: String,
+    val eventType: AnalyticsEventType,
+    val occurredAt: String,
+    val surface: AnalyticsSurface,
+    val acquisitionChannel: AnalyticsAcquisitionChannel? = null,
+    val feature: AnalyticsFeature? = null,
+    val executionMode: AnalyticsExecutionMode? = null,
+    val failureCategory: AnalyticsFailureCategory? = null,
+    val durationBucket: AnalyticsDurationBucket? = null,
+    val appVersion: String? = null,
+    val osVersion: String? = null,
+) {
+    override fun toString(): String = "AnalyticsEventRequest([REDACTED])"
+}
+
+@Serializable
+data class AnalyticsIngestResponse(
+    val accepted: Int,
+    val replayed: Int,
+) {
+    companion object {
+        fun fromDomain(result: AnalyticsIngestResult): AnalyticsIngestResponse =
+            AnalyticsIngestResponse(result.accepted, result.replayed)
+    }
+}
diff --git a/src/main/kotlin/com/osglab/account/features/analytics/repositories/AnalyticsRepository.kt b/src/main/kotlin/com/osglab/account/features/analytics/repositories/AnalyticsRepository.kt
new file mode 100644
index 0000000..9ba0db8
--- /dev/null
+++ b/src/main/kotlin/com/osglab/account/features/analytics/repositories/AnalyticsRepository.kt
@@ -0,0 +1,197 @@
+package com.osglab.account.features.analytics.repositories
+
+import com.osglab.account.common.errors.ConflictException
+import com.osglab.account.config.DatabaseFactory
+import com.osglab.account.features.analytics.domain.AnalyticsAcquisitionChannel
+import com.osglab.account.features.analytics.domain.AnalyticsBatch
+import com.osglab.account.features.analytics.domain.AnalyticsDurationBucket
+import com.osglab.account.features.analytics.domain.AnalyticsEvent
+import com.osglab.account.features.analytics.domain.AnalyticsEventType
+import com.osglab.account.features.analytics.domain.AnalyticsExecutionMode
+import com.osglab.account.features.analytics.domain.AnalyticsFailureCategory
+import com.osglab.account.features.analytics.domain.AnalyticsFeature
+import com.osglab.account.features.analytics.domain.AnalyticsIngestResult
+import com.osglab.account.features.analytics.domain.AnalyticsSurface
+import org.jetbrains.exposed.v1.core.Table
+import org.jetbrains.exposed.v1.core.and
+import org.jetbrains.exposed.v1.core.eq
+import org.jetbrains.exposed.v1.core.inList
+import org.jetbrains.exposed.v1.core.isNull
+import org.jetbrains.exposed.v1.core.less
+import org.jetbrains.exposed.v1.core.plus
+import org.jetbrains.exposed.v1.javatime.date
+import org.jetbrains.exposed.v1.javatime.timestamp
+import org.jetbrains.exposed.v1.jdbc.insert
+import org.jetbrains.exposed.v1.jdbc.insertIgnore
+import org.jetbrains.exposed.v1.jdbc.deleteWhere
+import org.jetbrains.exposed.v1.jdbc.selectAll
+import org.jetbrains.exposed.v1.jdbc.update
+import java.time.Instant
+import java.time.ZoneOffset
+
+interface AnalyticsRepository {
+    suspend fun ingest(batch: AnalyticsBatch): AnalyticsIngestResult
+    suspend fun recordInvitePageOpen(occurredAt: Instant)
+    suspend fun purgeAnonymousInstallations(before: Instant, limit: Int): Int
+}
+
+class ExposedAnalyticsRepository(
+    private val databaseFactory: DatabaseFactory,
+) : AnalyticsRepository {
+    override suspend fun purgeAnonymousInstallations(before: Instant, limit: Int): Int {
+        require(limit in 1..10_000)
+        return databaseFactory.query {
+            val hashes = AnalyticsInstallations
+                .selectAll()
+                .where {
+                    AnalyticsInstallations.accountId.isNull() and
+                        (AnalyticsInstallations.updatedAt less before)
+                }
+                .limit(limit)
+                .map { it[AnalyticsInstallations.installationHash] }
+            if (hashes.isEmpty()) {
+                0
+            } else {
+                AnalyticsInstallations.deleteWhere {
+                    AnalyticsInstallations.installationHash inList hashes
+                }
+            }
+        }
+    }
+
+    override suspend fun recordInvitePageOpen(occurredAt: Instant) {
+        databaseFactory.query {
+            val date = occurredAt.atZone(ZoneOffset.UTC).toLocalDate()
+            AnalyticsDailyCounters.insertIgnore {
+                it[counterDate] = date
+                it[counterName] = INVITE_PAGE_OPENED
+                it[counterValue] = 0
+                it[updatedAt] = occurredAt
+            }
+            AnalyticsDailyCounters.update({
+                (AnalyticsDailyCounters.counterDate eq date) and
+                    (AnalyticsDailyCounters.counterName eq INVITE_PAGE_OPENED)
+            }) {
+                it[counterValue] = AnalyticsDailyCounters.counterValue + 1
+                it[updatedAt] = occurredAt
+            }
+        }
+    }
+
+    override suspend fun ingest(batch: AnalyticsBatch): AnalyticsIngestResult =
+        databaseFactory.query {
+            AnalyticsInstallations.insertIgnore {
+                it[installationHash] = batch.installationHash
+                it[accountId] = batch.accountId?.toString()
+                it[createdAt] = batch.receivedAt
+                it[updatedAt] = batch.receivedAt
+            }
+
+            val installation = AnalyticsInstallations
+                .selectAll()
+                .where { AnalyticsInstallations.installationHash eq batch.installationHash }
+                .forUpdate()
+                .single()
+            val linkedAccount = installation[AnalyticsInstallations.accountId]
+            when {
+                batch.accountId == null -> Unit
+                linkedAccount == null -> AnalyticsInstallations.update({
+                    AnalyticsInstallations.installationHash eq batch.installationHash
+                }) {
+                    it[accountId] = batch.accountId.toString()
+                    it[updatedAt] = batch.receivedAt
+                }
+                linkedAccount != batch.accountId.toString() ->
+                    throw ConflictException("Installation is linked to another account")
+            }
+            AnalyticsInstallations.update({
+                AnalyticsInstallations.installationHash eq batch.installationHash
+            }) {
+                it[updatedAt] = batch.receivedAt
+            }
+
+            var accepted = 0
+            var replayed = 0
+            batch.events.forEach { event ->
+                val existingPayloadHash = AnalyticsEvents
+                    .selectAll()
+                    .where {
+                        (AnalyticsEvents.installationHash eq batch.installationHash) and
+                            (AnalyticsEvents.clientEventId eq event.clientEventId.toString())
+                    }
+                    .singleOrNull()
+                    ?.get(AnalyticsEvents.payloadHash)
+                when {
+                    existingPayloadHash == null -> {
+                        insertEvent(batch, event)
+                        accepted += 1
+                    }
+                    existingPayloadHash == event.payloadHash -> replayed += 1
+                    else -> throw ConflictException("Client event ID was reused with another payload")
+                }
+            }
+            AnalyticsIngestResult(accepted = accepted, replayed = replayed)
+        }
+
+    private fun insertEvent(batch: AnalyticsBatch, event: AnalyticsEvent) {
+        AnalyticsEvents.insert {
+            it[installationHash] = batch.installationHash
+            it[clientEventId] = event.clientEventId.toString()
+            it[eventType] = event.eventType
+            it[occurredAt] = event.occurredAt
+            it[surface] = event.surface
+            it[acquisitionChannel] = event.acquisitionChannel
+            it[feature] = event.feature
+            it[executionMode] = event.executionMode
+            it[failureCategory] = event.failureCategory
+            it[durationBucket] = event.durationBucket
+            it[appVersion] = event.appVersion
+            it[osVersion] = event.osVersion
+            it[payloadHash] = event.payloadHash
+            it[receivedAt] = batch.receivedAt
+        }
+    }
+}
+
+private object AnalyticsInstallations : Table("product_analytics_installations") {
+    val installationHash = char("installation_hash", 64)
+    val accountId = varchar("account_id", 36).nullable()
+    val createdAt = timestamp("created_at")
+    val updatedAt = timestamp("updated_at")
+
+    override val primaryKey = PrimaryKey(installationHash)
+}
+
+private object AnalyticsEvents : Table("product_analytics_events") {
+    val installationHash = char("installation_hash", 64)
+    val clientEventId = char("client_event_id", 36)
+    val eventType = enumerationByName<AnalyticsEventType>("event_name", 32)
+    val occurredAt = timestamp("occurred_at")
+    val surface = enumerationByName<AnalyticsSurface>("surface", 16)
+    val acquisitionChannel =
+        enumerationByName<AnalyticsAcquisitionChannel>("acquisition_channel", 32).nullable()
+    val feature = enumerationByName<AnalyticsFeature>("feature", 32).nullable()
+    val executionMode =
+        enumerationByName<AnalyticsExecutionMode>("execution_mode", 16).nullable()
+    val failureCategory =
+        enumerationByName<AnalyticsFailureCategory>("failure_category", 32).nullable()
+    val durationBucket =
+        enumerationByName<AnalyticsDurationBucket>("duration_bucket", 16).nullable()
+    val appVersion = varchar("app_version", 32).nullable()
+    val osVersion = varchar("os_version", 32).nullable()
+    val payloadHash = char("payload_hash", 64)
+    val receivedAt = timestamp("received_at")
+
+    override val primaryKey = PrimaryKey(installationHash, clientEventId)
+}
+
+private object AnalyticsDailyCounters : Table("product_analytics_daily_counters") {
+    val counterDate = date("counter_date")
+    val counterName = varchar("counter_name", 32)
+    val counterValue = long("counter_value")
+    val updatedAt = timestamp("updated_at")
+
+    override val primaryKey = PrimaryKey(counterDate, counterName)
+}
+
+private const val INVITE_PAGE_OPENED = "INVITE_PAGE_OPENED"
diff --git a/src/main/kotlin/com/osglab/account/features/analytics/routes/AnalyticsRoutes.kt b/src/main/kotlin/com/osglab/account/features/analytics/routes/AnalyticsRoutes.kt
new file mode 100644
index 0000000..2d09386
--- /dev/null
+++ b/src/main/kotlin/com/osglab/account/features/analytics/routes/AnalyticsRoutes.kt
@@ -0,0 +1,50 @@
+package com.osglab.account.features.analytics.routes
+
+import com.osglab.account.common.security.AccountPrincipal
+import com.osglab.account.common.security.SESSION_AUTH_NAME
+import com.osglab.account.common.errors.InvalidRequestException
+import com.osglab.account.features.analytics.models.AnalyticsBatchRequest
+import com.osglab.account.features.analytics.models.AnalyticsIngestResponse
+import com.osglab.account.features.analytics.services.AnalyticsService
+import io.ktor.http.HttpStatusCode
+import io.ktor.http.HttpHeaders
+import io.ktor.server.auth.authenticate
+import io.ktor.server.auth.principal
+import io.ktor.server.request.header
+import io.ktor.server.request.receiveText
+import io.ktor.server.response.respond
+import io.ktor.server.routing.Route
+import io.ktor.server.routing.post
+import kotlinx.serialization.SerializationException
+import kotlinx.serialization.json.Json
+
+fun Route.analyticsRoutes(service: AnalyticsService) {
+    authenticate(SESSION_AUTH_NAME, optional = true) {
+        post("/v1/analytics/events") {
+            val declaredLength = call.request.header(HttpHeaders.ContentLength)?.toLongOrNull()
+            if (declaredLength != null && declaredLength > MAX_ANALYTICS_BODY_BYTES) {
+                throw InvalidRequestException("Analytics request body is too large")
+            }
+            val body = call.receiveText()
+            if (body.toByteArray(Charsets.UTF_8).size > MAX_ANALYTICS_BODY_BYTES) {
+                throw InvalidRequestException("Analytics request body is too large")
+            }
+            val request = try {
+                ANALYTICS_JSON.decodeFromString<AnalyticsBatchRequest>(body)
+            } catch (_: SerializationException) {
+                throw InvalidRequestException("Analytics request body is invalid")
+            }
+            val result = service.ingest(
+                accountId = call.principal<AccountPrincipal>()?.userId,
+                request = request,
+            )
+            call.respond(HttpStatusCode.OK, AnalyticsIngestResponse.fromDomain(result))
+        }
+    }
+}
+
+private val ANALYTICS_JSON = Json {
+    ignoreUnknownKeys = false
+    explicitNulls = false
+}
+private const val MAX_ANALYTICS_BODY_BYTES = 64 * 1024
diff --git a/src/main/kotlin/com/osglab/account/features/analytics/services/AnalyticsService.kt b/src/main/kotlin/com/osglab/account/features/analytics/services/AnalyticsService.kt
new file mode 100644
index 0000000..f3f70ba
--- /dev/null
+++ b/src/main/kotlin/com/osglab/account/features/analytics/services/AnalyticsService.kt
@@ -0,0 +1,247 @@
+package com.osglab.account.features.analytics.services
+
+import com.osglab.account.common.errors.InvalidRequestException
+import com.osglab.account.features.analytics.domain.AnalyticsAcquisitionChannel
+import com.osglab.account.features.analytics.domain.AnalyticsBatch
+import com.osglab.account.features.analytics.domain.AnalyticsEvent
+import com.osglab.account.features.analytics.domain.AnalyticsEventTimeException
+import com.osglab.account.features.analytics.domain.AnalyticsEventType
+import com.osglab.account.features.analytics.domain.AnalyticsFailureCategory
+import com.osglab.account.features.analytics.domain.AnalyticsIngestResult
+import com.osglab.account.features.analytics.domain.AnalyticsSurface
+import com.osglab.account.features.analytics.models.AnalyticsBatchRequest
+import com.osglab.account.features.analytics.models.AnalyticsEventRequest
+import com.osglab.account.features.analytics.repositories.AnalyticsRepository
+import java.security.MessageDigest
+import java.time.Clock
+import java.time.Duration
+import java.time.Instant
+import java.time.format.DateTimeParseException
+import java.util.UUID
+
+interface AnalyticsService {
+    suspend fun ingest(
+        accountId: UUID?,
+        request: AnalyticsBatchRequest,
+    ): AnalyticsIngestResult
+}
+
+class DefaultAnalyticsService(
+    private val repository: AnalyticsRepository,
+    private val clock: Clock = Clock.systemUTC(),
+) : AnalyticsService {
+    override suspend fun ingest(
+        accountId: UUID?,
+        request: AnalyticsBatchRequest,
+    ): AnalyticsIngestResult {
+        if (request.events.size !in MIN_BATCH_SIZE..MAX_BATCH_SIZE) {
+            throw InvalidRequestException("events must contain between 1 and 50 items")
+        }
+        val installationId = parseUuid(request.installationId, "installationId")
+        val now = clock.instant()
+        val events = request.events.map { validateAndMap(it, now) }
+        return repository.ingest(
+            AnalyticsBatch(
+                installationHash = installationId.toString().sha256Hex(),
+                accountId = accountId,
+                events = events,
+                receivedAt = now,
+            )
+        )
+    }
+
+    private fun validateAndMap(request: AnalyticsEventRequest, now: Instant): AnalyticsEvent {
+        val clientEventId = parseUuid(request.clientEventId, "clientEventId")
+        val occurredAt = parseOccurredAt(request.occurredAt)
+        if (
+            occurredAt.isBefore(now.minus(MAX_EVENT_AGE)) ||
+            occurredAt.isAfter(now.plus(MAX_FUTURE_SKEW))
+        ) {
+            throw AnalyticsEventTimeException()
+        }
+        validateReleaseIdentifier(request.appVersion, "appVersion")
+        validateReleaseIdentifier(request.osVersion, "osVersion")
+        validateEventShape(request)
+
+        return AnalyticsEvent(
+            clientEventId = clientEventId,
+            eventType = request.eventType,
+            occurredAt = occurredAt,
+            surface = request.surface,
+            acquisitionChannel = request.acquisitionChannel,
+            feature = request.feature,
+            executionMode = request.executionMode,
+            failureCategory = request.failureCategory,
+            durationBucket = request.durationBucket,
+            appVersion = request.appVersion,
+            osVersion = request.osVersion,
+            payloadHash = payloadHash(request, clientEventId, occurredAt),
+        )
+    }
+
+    private fun validateEventShape(event: AnalyticsEventRequest) {
+        val valid = when (event.eventType) {
+            AnalyticsEventType.FIRST_OPEN ->
+                event.surface == AnalyticsSurface.APP &&
+                    event.acquisitionChannel != null &&
+                    event.feature == null &&
+                    event.executionMode == null &&
+                    event.failureCategory == null &&
+                    event.durationBucket == null
+
+            AnalyticsEventType.SESSION_STARTED ->
+                event.surface in setOf(AnalyticsSurface.APP, AnalyticsSurface.KEYBOARD) &&
+                    event.acquisitionChannel == null &&
+                    event.feature == null &&
+                    event.executionMode == null &&
+                    event.failureCategory == null &&
+                    event.durationBucket == null
+
+            AnalyticsEventType.KEYBOARD_ACTIVATED ->
+                event.surface == AnalyticsSurface.KEYBOARD &&
+                    event.acquisitionChannel == null &&
+                    event.feature == null &&
+                    event.executionMode == null &&
+                    event.failureCategory == null &&
+                    event.durationBucket == null
+
+            AnalyticsEventType.AI_FEATURE_STARTED ->
+                event.feature != null &&
+                    event.executionMode != null &&
+                    event.acquisitionChannel == null &&
+                    event.failureCategory == null &&
+                    event.durationBucket == null
+
+            AnalyticsEventType.AI_FEATURE_SUCCEEDED ->
+                event.feature != null &&
+                    event.executionMode != null &&
+                    event.durationBucket != null &&
+                    event.acquisitionChannel == null &&
+                    event.failureCategory == null
+
+            AnalyticsEventType.AI_FEATURE_FAILED ->
+                event.feature != null &&
+                    event.executionMode != null &&
+                    event.failureCategory != null &&
+                    event.acquisitionChannel == null
+
+            AnalyticsEventType.PURCHASE_VIEWED,
+            AnalyticsEventType.PURCHASE_STARTED,
+            ->
+                event.surface == AnalyticsSurface.APP &&
+                    event.acquisitionChannel == null &&
+                    event.feature == null &&
+                    event.executionMode == null &&
+                    event.failureCategory == null &&
+                    event.durationBucket == null
+
+            AnalyticsEventType.PURCHASE_CANCELLED ->
+                event.surface == AnalyticsSurface.APP &&
+                    event.failureCategory == AnalyticsFailureCategory.CANCELLED &&
+                    event.acquisitionChannel == null &&
+                    event.feature == null &&
+                    event.executionMode == null &&
+                    event.durationBucket == null
+
+            AnalyticsEventType.REFERRAL_SHARED ->
+                event.surface == AnalyticsSurface.APP &&
+                    event.acquisitionChannel == null &&
+                    event.feature == null &&
+                    event.executionMode == null &&
+                    event.failureCategory == null &&
+                    event.durationBucket == null
+
+            AnalyticsEventType.INVITE_OPENED ->
+                event.surface == AnalyticsSurface.INVITE_WEB &&
+                    event.acquisitionChannel == AnalyticsAcquisitionChannel.REFERRAL &&
+                    event.feature == null &&
+                    event.executionMode == null &&
+                    event.failureCategory == null &&
+                    event.durationBucket == null
+        }
+        if (!valid) {
+            throw InvalidRequestException("Event fields do not match the event type")
+        }
+    }
+
+    private fun parseOccurredAt(value: String): Instant {
+        if (!value.endsWith('Z')) {
+            throw InvalidRequestException("occurredAt must be a UTC ISO-8601 timestamp")
+        }
+        return try {
+            Instant.parse(value)
+        } catch (_: DateTimeParseException) {
+            throw InvalidRequestException("occurredAt must be a UTC ISO-8601 timestamp")
+        }
+    }
+
+    private fun validateReleaseIdentifier(value: String?, field: String) {
+        if (value != null && !RELEASE_IDENTIFIER.matches(value)) {
+            throw InvalidRequestException("$field must be a 1 to 32 character release identifier")
+        }
+    }
+
+    private fun parseUuid(value: String, field: String): UUID {
+        if (!UUID_PATTERN.matches(value)) {
+            throw InvalidRequestException("$field must be a UUID")
+        }
+        return try {
+            UUID.fromString(value)
+        } catch (_: IllegalArgumentException) {
+            throw InvalidRequestException("$field must be a UUID")
+        }
+    }
+
+    private fun payloadHash(
+        event: AnalyticsEventRequest,
+        clientEventId: UUID,
+        occurredAt: Instant,
+    ): String = listOf(
+        clientEventId.toString(),
+        event.eventType.name,
+        occurredAt.toString(),
+        event.surface.name,
+        event.acquisitionChannel?.name,
+        event.feature?.name,
+        event.executionMode?.name,
+        event.failureCategory?.name,
+        event.durationBucket?.name,
+        event.appVersion,
+        event.osVersion,
+    ).joinToString(separator = "\u0000") { it ?: "" }.sha256Hex()
+
+    private fun String.sha256Hex(): String =
+        MessageDigest.getInstance("SHA-256")
+            .digest(toByteArray(Charsets.UTF_8))
+            .joinToString(separator = "") { byte -> "%02x".format(byte.toInt() and 0xff) }
+
+    private companion object {
+        const val MIN_BATCH_SIZE = 1
+        const val MAX_BATCH_SIZE = 50
+        val MAX_EVENT_AGE: Duration = Duration.ofDays(35)
+        val MAX_FUTURE_SKEW: Duration = Duration.ofMinutes(5)
+        val UUID_PATTERN =
+            Regex("[0-9a-fA-F]{8}-[0-9a-fA-F]{4}-[0-9a-fA-F]{4}-[0-9a-fA-F]{4}-[0-9a-fA-F]{12}")
+        val RELEASE_IDENTIFIER = Regex("[A-Za-z0-9._+\\-]{1,32}")
+    }
+}
+
+class AnalyticsMaintenanceService(
+    private val repository: AnalyticsRepository,
+    private val clock: Clock = Clock.systemUTC(),
+    private val anonymousRetention: Duration = Duration.ofDays(90),
+) {
+    init {
+        require(!anonymousRetention.isNegative && !anonymousRetention.isZero)
+    }
+
+    suspend fun purgeStaleAnonymousInstallations(): Int =
+        repository.purgeAnonymousInstallations(
+            before = clock.instant().minus(anonymousRetention),
+            limit = PURGE_BATCH_SIZE,
+        )
+
+    private companion object {
+        const val PURGE_BATCH_SIZE = 1_000
+    }
+}
diff --git a/src/main/kotlin/com/osglab/account/features/inviteweb/InviteWebRoutes.kt b/src/main/kotlin/com/osglab/account/features/inviteweb/InviteWebRoutes.kt
index 97d7984..3f55f1e 100644
--- a/src/main/kotlin/com/osglab/account/features/inviteweb/InviteWebRoutes.kt
+++ b/src/main/kotlin/com/osglab/account/features/inviteweb/InviteWebRoutes.kt
@@ -27,6 +27,10 @@ fun interface ReferralLookupPort {
     suspend fun isValid(code: String): Boolean
 }
 
+fun interface InviteOpenRecorder {
+    suspend fun record()
+}
+
 data class InviteWebConfig(
     val appStoreUrl: String,
     val appleAppId: String,
@@ -75,6 +79,7 @@ sealed interface InvitePageResult {
 class InvitePageService(
     private val referralLookup: ReferralLookupPort,
     private val config: InviteWebConfig,
+    private val inviteOpenRecorder: InviteOpenRecorder = InviteOpenRecorder {},
 ) {
     private val appStoreUrl = validateHttpsUrl(config.appStoreUrl, "APP_STORE_URL", allowQuery = true)
         .toASCIIString()
@@ -101,6 +106,13 @@ class InvitePageService(
             return InvitePageResult.TemporarilyUnavailable
         }
         if (!valid) return InvitePageResult.Invalid
+        try {
+            inviteOpenRecorder.record()
+        } catch (exception: CancellationException) {
+            throw exception
+        } catch (_: Exception) {
+            // Analytics must never make a valid invitation unavailable.
+        }
 
         val nonce = createNonce()
         val universalLink = "$universalLinkBaseUrl/$validCode".escapeHtml()
@@ -129,6 +141,7 @@ fun Route.configureInviteWebRoutes() {
     }
     configureInviteWebRoutes(
         referralLookup = koin.get<ReferralLookupPort>(),
+        inviteOpenRecorder = koin.get<InviteOpenRecorder>(),
         config = InviteWebConfig(
             appStoreUrl = appConfig.appStoreUrl,
             appleAppId = "$teamId.${appConfig.apple.clientId}",
@@ -140,8 +153,9 @@ fun Route.configureInviteWebRoutes() {
 fun Route.configureInviteWebRoutes(
     referralLookup: ReferralLookupPort,
     config: InviteWebConfig,
+    inviteOpenRecorder: InviteOpenRecorder = InviteOpenRecorder {},
 ) {
-    val service = InvitePageService(referralLookup, config)
+    val service = InvitePageService(referralLookup, config, inviteOpenRecorder)
 
     get("/i/{code}") {
         when (val result = service.render(call.parameters["code"])) {
diff --git a/src/main/resources/db/migration/V16__product_analytics_events.sql b/src/main/resources/db/migration/V16__product_analytics_events.sql
new file mode 100644
index 0000000..6dac1e0
--- /dev/null
+++ b/src/main/resources/db/migration/V16__product_analytics_events.sql
@@ -0,0 +1,103 @@
+CREATE TABLE product_analytics_installations (
+    installation_hash CHAR(64) CHARACTER SET ascii COLLATE ascii_bin NOT NULL,
+    account_id VARCHAR(36) CHARACTER SET ascii COLLATE ascii_bin NULL,
+    created_at DATETIME(6) NOT NULL,
+    updated_at DATETIME(6) NOT NULL,
+    PRIMARY KEY (installation_hash),
+    INDEX ix_product_analytics_installations_account (account_id),
+    CONSTRAINT fk_product_analytics_installations_account
+        FOREIGN KEY (account_id) REFERENCES accounts (id) ON DELETE CASCADE
+) ENGINE = InnoDB;
+
+CREATE TABLE product_analytics_events (
+    installation_hash CHAR(64) CHARACTER SET ascii COLLATE ascii_bin NOT NULL,
+    client_event_id CHAR(36) CHARACTER SET ascii COLLATE ascii_bin NOT NULL,
+    event_name VARCHAR(32) CHARACTER SET ascii COLLATE ascii_bin NOT NULL,
+    occurred_at DATETIME(6) NOT NULL,
+    surface VARCHAR(16) CHARACTER SET ascii COLLATE ascii_bin NOT NULL,
+    acquisition_channel VARCHAR(32) CHARACTER SET ascii COLLATE ascii_bin NULL,
+    feature VARCHAR(32) CHARACTER SET ascii COLLATE ascii_bin NULL,
+    execution_mode VARCHAR(16) CHARACTER SET ascii COLLATE ascii_bin NULL,
+    failure_category VARCHAR(32) CHARACTER SET ascii COLLATE ascii_bin NULL,
+    duration_bucket VARCHAR(16) CHARACTER SET ascii COLLATE ascii_bin NULL,
+    app_version VARCHAR(32) CHARACTER SET ascii COLLATE ascii_bin NULL,
+    os_version VARCHAR(32) CHARACTER SET ascii COLLATE ascii_bin NULL,
+    payload_hash CHAR(64) CHARACTER SET ascii COLLATE ascii_bin NOT NULL,
+    received_at DATETIME(6) NOT NULL,
+    PRIMARY KEY (installation_hash, client_event_id),
+    INDEX ix_product_analytics_events_type_occurred (event_name, occurred_at),
+    INDEX ix_product_analytics_events_occurred (occurred_at),
+    CONSTRAINT fk_product_analytics_events_installation
+        FOREIGN KEY (installation_hash)
+        REFERENCES product_analytics_installations (installation_hash)
+        ON DELETE CASCADE,
+    CONSTRAINT chk_product_analytics_events_type CHECK (
+        event_name IN (
+            'FIRST_OPEN',
+            'SESSION_STARTED',
+            'KEYBOARD_ACTIVATED',
+            'AI_FEATURE_STARTED',
+            'AI_FEATURE_SUCCEEDED',
+            'AI_FEATURE_FAILED',
+            'PURCHASE_VIEWED',
+            'PURCHASE_STARTED',
+            'PURCHASE_CANCELLED',
+            'REFERRAL_SHARED',
+            'INVITE_OPENED'
+        )
+    ),
+    CONSTRAINT chk_product_analytics_events_surface CHECK (
+        surface IN ('APP', 'KEYBOARD', 'INVITE_WEB')
+    ),
+    CONSTRAINT chk_product_analytics_events_acquisition CHECK (
+        acquisition_channel IS NULL
+        OR acquisition_channel IN (
+            'APP_STORE_ORGANIC',
+            'REFERRAL',
+            'SOCIAL_CONTENT',
+            'UNKNOWN'
+        )
+    ),
+    CONSTRAINT chk_product_analytics_events_feature CHECK (
+        feature IS NULL
+        OR feature IN (
+            'TRANSCRIPTION',
+            'POLISH',
+            'AI_ASSISTANT',
+            'AGENT',
+            'HOTWORD',
+            'OTHER'
+        )
+    ),
+    CONSTRAINT chk_product_analytics_events_execution CHECK (
+        execution_mode IS NULL OR execution_mode IN ('MANAGED', 'LOCAL', 'BYOK')
+    ),
+    CONSTRAINT chk_product_analytics_events_failure CHECK (
+        failure_category IS NULL
+        OR failure_category IN (
+            'NETWORK',
+            'PROVIDER',
+            'TIMEOUT',
+            'CANCELLED',
+            'INSUFFICIENT_CREDITS',
+            'VALIDATION',
+            'UNKNOWN'
+        )
+    ),
+    CONSTRAINT chk_product_analytics_events_duration CHECK (
+        duration_bucket IS NULL
+        OR duration_bucket IN ('LT_1S', 'S1_TO_3', 'S3_TO_10', 'S10_TO_30', 'GTE_30S')
+    )
+) ENGINE = InnoDB;
+
+-- First-party invitation page views are counted without cookies, IP addresses,
+-- user agents, installation IDs, or referral codes.
+CREATE TABLE product_analytics_daily_counters (
+    counter_date DATE NOT NULL,
+    counter_name VARCHAR(32) CHARACTER SET ascii COLLATE ascii_bin NOT NULL,
+    counter_value BIGINT UNSIGNED NOT NULL DEFAULT 0,
+    updated_at DATETIME(6) NOT NULL,
+    PRIMARY KEY (counter_date, counter_name),
+    CONSTRAINT chk_product_analytics_daily_counter_name
+        CHECK (counter_name IN ('INVITE_PAGE_OPENED'))
+) ENGINE = InnoDB;
diff --git a/src/test/kotlin/com/osglab/account/config/DeploymentConsistencyTest.kt b/src/test/kotlin/com/osglab/account/config/DeploymentConsistencyTest.kt
index 36fa02e..704e54b 100644
--- a/src/test/kotlin/com/osglab/account/config/DeploymentConsistencyTest.kt
+++ b/src/test/kotlin/com/osglab/account/config/DeploymentConsistencyTest.kt
@@ -123,6 +123,29 @@ class DeploymentConsistencyTest : FunSpec({
         }
     }
 
+    test("product analytics contract stays allowlisted and account deletions cascade") {
+        val migration = root.read(
+            "src/main/resources/db/migration/V16__product_analytics_events.sql",
+        )
+        migration shouldContain "product_analytics_installations"
+        migration shouldContain "product_analytics_events"
+        migration shouldContain "REFERENCES accounts (id) ON DELETE CASCADE"
+        migration shouldContain "PRIMARY KEY (installation_hash, client_event_id)"
+
+        val openApi = root.read("docs/openapi.yaml")
+        val eventSchema = openApi
+            .substringAfter("    ProductAnalyticsEvent:")
+            .substringBefore("    AdminSessionState:")
+        eventSchema shouldContain "additionalProperties: false"
+        eventSchema shouldContain "AI_FEATURE_SUCCEEDED"
+        eventSchema shouldContain "INSUFFICIENT_CREDITS"
+        eventSchema shouldNotContain "prompt"
+        eventSchema shouldNotContain "transcript"
+        eventSchema shouldNotContain "audio"
+        eventSchema shouldNotContain "modelOutput"
+        openApi shouldContain "schema: { \$ref: \"#/components/schemas/AdminProductAnalytics\" }"
+    }
+
     test("production Compose reuses private MySQL and hardens the application container") {
         val compose = root.read("compose.yaml")
 
@@ -228,6 +251,7 @@ private val EXPECTED_PUBLIC_PATHS = setOf(
     "/v1/auth/logout",
     "/v1/account",
     "/v1/apple/events",
+    "/v1/analytics/events",
     "/v1/credits/balance",
     "/v1/credits/ledger",
     "/v1/credits/rates",
@@ -255,6 +279,7 @@ private val EXPECTED_PUBLIC_PATHS = setOf(
     "/v1/admin/auth/logout",
     "/v1/admin/overview",
     "/v1/admin/referrals",
+    "/v1/admin/analytics",
     "/v1/admin/users",
     "/v1/admin/users/{userId}",
     "/v1/admin/users/{userId}/ledger",
diff --git a/src/test/kotlin/com/osglab/account/config/SmokeDeploymentTest.kt b/src/test/kotlin/com/osglab/account/config/SmokeDeploymentTest.kt
index d10245b..4da8726 100644
--- a/src/test/kotlin/com/osglab/account/config/SmokeDeploymentTest.kt
+++ b/src/test/kotlin/com/osglab/account/config/SmokeDeploymentTest.kt
@@ -51,7 +51,7 @@ class SmokeDeploymentTest : FunSpec({
 
     test("runtime grants cover every migrated table without mutable history privileges") {
         val grants = root.read("deploy/smoke/runtime-grants.sql")
-        val migrationTables = (1..13)
+        val migrationTables = (1..16)
             .flatMap { version ->
                 val migration = Files.list(root.resolve("src/main/resources/db/migration")).use { paths ->
                     paths.filter { it.fileName.toString().startsWith("V${version}__") }
diff --git a/src/test/kotlin/com/osglab/account/features/admin/routes/AdminRoutesTest.kt b/src/test/kotlin/com/osglab/account/features/admin/routes/AdminRoutesTest.kt
index 7986ed9..1c04113 100644
--- a/src/test/kotlin/com/osglab/account/features/admin/routes/AdminRoutesTest.kt
+++ b/src/test/kotlin/com/osglab/account/features/admin/routes/AdminRoutesTest.kt
@@ -11,6 +11,7 @@ import com.osglab.account.features.admin.services.AdminOperatorService
 import com.osglab.account.features.admin.services.AdminOperatorErrorCode
 import com.osglab.account.features.admin.services.AdminOperatorException
 import com.osglab.account.features.admin.services.AdminSessionService
+import com.osglab.account.features.admin.stats.services.AdminProductAnalyticsService
 import com.osglab.account.features.admin.stats.services.AdminStatsService
 import com.osglab.account.features.admin.users.models.AdminUserLedgerEntryDto
 import com.osglab.account.features.admin.users.models.AdminUserLedgerPageDto
@@ -315,6 +316,7 @@ private fun io.ktor.server.application.Application.installAdminTestRoutes(
             authService = authService,
             sessionService = sessionService,
             statsService = mockk<AdminStatsService>(relaxed = true),
+            productAnalyticsService = mockk<AdminProductAnalyticsService>(relaxed = true),
             usersService = usersService,
             grantService = grantService,
             operatorService = operatorService,
diff --git a/src/test/kotlin/com/osglab/account/features/admin/stats/AdminProductAnalyticsServiceTest.kt b/src/test/kotlin/com/osglab/account/features/admin/stats/AdminProductAnalyticsServiceTest.kt
new file mode 100644
index 0000000..6a05083
--- /dev/null
+++ b/src/test/kotlin/com/osglab/account/features/admin/stats/AdminProductAnalyticsServiceTest.kt
@@ -0,0 +1,139 @@
+package com.osglab.account.features.admin.stats
+
+import com.osglab.account.features.admin.stats.repositories.AdminAnalyticsChannelRow
+import com.osglab.account.features.admin.stats.repositories.AdminAnalyticsCohortRow
+import com.osglab.account.features.admin.stats.repositories.AdminAnalyticsConsumptionRow
+import com.osglab.account.features.admin.stats.repositories.AdminAnalyticsCountRow
+import com.osglab.account.features.admin.stats.repositories.AdminAnalyticsFeatureRow
+import com.osglab.account.features.admin.stats.repositories.AdminAnalyticsGrowthFunnelRow
+import com.osglab.account.features.admin.stats.repositories.AdminAnalyticsGuardrailRow
+import com.osglab.account.features.admin.stats.repositories.AdminAnalyticsMonetizationRow
+import com.osglab.account.features.admin.stats.repositories.AdminAnalyticsReferralRow
+import com.osglab.account.features.admin.stats.repositories.AdminAnalyticsWindow
+import com.osglab.account.features.admin.stats.repositories.AdminProductAnalyticsRepository
+import com.osglab.account.features.admin.stats.repositories.AdminProductAnalyticsSnapshot
+import com.osglab.account.features.admin.stats.services.AdminProductAnalyticsService
+import io.kotest.core.spec.style.FunSpec
+import io.kotest.matchers.shouldBe
+import java.time.Instant
+import java.time.LocalDate
+
+class AdminProductAnalyticsServiceTest : FunSpec({
+    test("maps product metrics with explicit rates and mature retention windows") {
+        val captured = mutableListOf<Triple<AdminAnalyticsWindow, AdminAnalyticsWindow, AdminAnalyticsWindow>>()
+        val repository = object : AdminProductAnalyticsRepository {
+            override suspend fun load(
+                range: AdminAnalyticsWindow,
+                currentWeek: AdminAnalyticsWindow,
+                previousWeek: AdminAnalyticsWindow,
+            ): AdminProductAnalyticsSnapshot {
+                captured += Triple(range, currentWeek, previousWeek)
+                return snapshot()
+            }
+        }
+        val service = AdminProductAnalyticsService(repository)
+        val until = Instant.parse("2026-08-20T09:00:00Z")
+
+        val result = service.get(Instant.parse("2026-07-21T09:00:00Z"), until)
+
+        result.northStar.weeklyAiActiveUsers shouldBe 120
+        result.northStar.weekOverWeekPercent shouldBe 20.0
+        result.growth.activation24h.percent shouldBe 60.0
+        result.activity.stickinessPercent shouldBe 20.0
+        result.activity.successfulRequestsPerActiveUser shouldBe 5.0
+        result.consumption.averageCreditsPerManagedRequest shouldBe 2.5
+        result.retention.first().d1?.percent shouldBe 50.0
+        result.retention.first().d7?.percent shouldBe 30.0
+        result.retention.first().d30 shouldBe null
+        result.growthFunnel.map { it.label } shouldBe listOf(
+            "首次启动",
+            "完成注册",
+            "24 小时内首次 AI 成功",
+            "D7 再次使用 AI",
+            "首次购买",
+        )
+        captured.single().second.from shouldBe Instant.parse("2026-08-17T00:00:00Z")
+        captured.single().third.from shouldBe Instant.parse("2026-08-10T00:00:00Z")
+    }
+
+    test("zero denominators remain unavailable instead of reporting false zero rates") {
+        val empty = snapshot().copy(
+            previousWeeklyUsers = 0,
+            mau = 0,
+            periodActiveUsers = 0,
+            activation24h = AdminAnalyticsCountRow(0, 0),
+            consumption = AdminAnalyticsConsumptionRow(0, 0, null, null),
+        )
+        val service = AdminProductAnalyticsService(
+            object : AdminProductAnalyticsRepository {
+                override suspend fun load(
+                    range: AdminAnalyticsWindow,
+                    currentWeek: AdminAnalyticsWindow,
+                    previousWeek: AdminAnalyticsWindow,
+                ) = empty
+            },
+        )
+
+        val result = service.get(
+            Instant.parse("2026-08-19T00:00:00Z"),
+            Instant.parse("2026-08-20T00:00:00Z"),
+        )
+
+        result.northStar.weekOverWeekPercent shouldBe null
+        result.growth.activation24h.percent shouldBe null
+        result.activity.stickinessPercent shouldBe null
+        result.activity.successfulRequestsPerActiveUser shouldBe null
+        result.consumption.averageCreditsPerManagedRequest shouldBe null
+    }
+})
+
+private fun snapshot(): AdminProductAnalyticsSnapshot =
+    AdminProductAnalyticsSnapshot(
+        currentWeeklyUsers = 120,
+        previousWeeklyUsers = 100,
+        newInstallations = 100,
+        newAccounts = 80,
+        activation24h = AdminAnalyticsCountRow(60, 100),
+        medianTimeToValueMinutes = 7.6,
+        channels = listOf(
+            AdminAnalyticsChannelRow("APP_STORE_ORGANIC", 100, 60),
+        ),
+        dau = 30,
+        wau = 120,
+        mau = 150,
+        periodActiveUsers = 100,
+        successfulAiRequests = 500,
+        consumption = AdminAnalyticsConsumptionRow(
+            totalCredits = 1_000,
+            managedRequests = 400,
+            averageDailyCreditsPerActiveUser = 12.25,
+            medianUserDailyCredits = 8.0,
+        ),
+        monetization = AdminAnalyticsMonetizationRow(
+            payingUsers = 10,
+            purchases = 12,
+            creditsPurchased = 8_000,
+            conversion7d = AdminAnalyticsCountRow(8, 70),
+            conversion30d = AdminAnalyticsCountRow(10, 50),
+            repeatPurchase = AdminAnalyticsCountRow(2, 10),
+        ),
+        growthFunnel = AdminAnalyticsGrowthFunnelRow(100, 80, 60, 20, 10),
+        retention = listOf(
+            AdminAnalyticsCohortRow(
+                cohortDate = LocalDate.parse("2026-08-01"),
+                size = 20,
+                d1 = 10,
+                d7 = 6,
+                d30 = 2,
+            ),
+        ),
+        features = listOf(
+            AdminAnalyticsFeatureRow("POLISH", "MANAGED", 30, 100),
+        ),
+        referrals = AdminAnalyticsReferralRow(20, 15, 10, 8, 5),
+        guardrails = AdminAnalyticsGuardrailRow(
+            clientSuccess = AdminAnalyticsCountRow(90, 100),
+            managedSuccess = AdminAnalyticsCountRow(95, 100),
+            creditBlockedUsers = 3,
+        ),
+    )
diff --git a/src/test/kotlin/com/osglab/account/features/admin/stats/AdminStatsRepositoryIntegrationTest.kt b/src/test/kotlin/com/osglab/account/features/admin/stats/AdminStatsRepositoryIntegrationTest.kt
index caf5a3a..2dd8019 100644
--- a/src/test/kotlin/com/osglab/account/features/admin/stats/AdminStatsRepositoryIntegrationTest.kt
+++ b/src/test/kotlin/com/osglab/account/features/admin/stats/AdminStatsRepositoryIntegrationTest.kt
@@ -3,6 +3,8 @@ package com.osglab.account.features.admin.stats
 import com.osglab.account.config.DatabaseConfig
 import com.osglab.account.config.DatabaseFactory
 import com.osglab.account.features.admin.stats.repositories.AdminStatsRange
+import com.osglab.account.features.admin.stats.repositories.AdminAnalyticsWindow
+import com.osglab.account.features.admin.stats.repositories.ExposedAdminProductAnalyticsRepository
 import com.osglab.account.features.admin.stats.repositories.ExposedAdminStatsRepository
 import io.kotest.core.spec.style.FunSpec
 import io.kotest.matchers.collections.shouldBeEmpty
@@ -11,6 +13,7 @@ import io.kotest.matchers.shouldBe
 import org.opentest4j.TestAbortedException
 import org.testcontainers.DockerClientFactory
 import org.testcontainers.containers.MySQLContainer
+import org.jetbrains.exposed.v1.jdbc.transactions.TransactionManager
 import java.time.Instant
 
 class AdminStatsRepositoryIntegrationTest : FunSpec({
@@ -48,6 +51,20 @@ class AdminStatsRepositoryIntegrationTest : FunSpec({
                     until = Instant.parse("2026-08-17T12:00:00Z"),
                 ),
             )
+            val analytics = ExposedAdminProductAnalyticsRepository(factory).load(
+                range = AdminAnalyticsWindow(
+                    from = Instant.parse("2026-08-10T12:00:00Z"),
+                    until = Instant.parse("2026-08-17T12:00:00Z"),
+                ),
+                currentWeek = AdminAnalyticsWindow(
+                    from = Instant.parse("2026-08-17T00:00:00Z"),
+                    until = Instant.parse("2026-08-17T12:00:00Z"),
+                ),
+                previousWeek = AdminAnalyticsWindow(
+                    from = Instant.parse("2026-08-10T00:00:00Z"),
+                    until = Instant.parse("2026-08-10T12:00:00Z"),
+                ),
+            )
 
             // A dedicated container starts empty, so every scalar and grouped aggregate is explicit.
             if (mysql != null) {
@@ -59,6 +76,36 @@ class AdminStatsRepositoryIntegrationTest : FunSpec({
                 snapshot.registrationsByDate shouldBe emptyMap()
                 snapshot.referralRanking.shouldBeEmpty()
                 snapshot.usage.shouldBeEmpty()
+                analytics.currentWeeklyUsers shouldBeExactly 0
+                analytics.newInstallations shouldBeExactly 0
+                analytics.retention.shouldBeEmpty()
+                analytics.features.shouldBeEmpty()
+                analytics.consumption.totalCredits shouldBeExactly 0
+
+                factory.query { seedProductAnalytics() }
+                val populated = ExposedAdminProductAnalyticsRepository(factory).load(
+                    range = AdminAnalyticsWindow(
+                        from = Instant.parse("2026-08-10T00:00:00Z"),
+                        until = Instant.parse("2026-08-17T00:00:00Z"),
+                    ),
+                    currentWeek = AdminAnalyticsWindow(
+                        from = Instant.parse("2026-08-10T00:00:00Z"),
+                        until = Instant.parse("2026-08-17T00:00:00Z"),
+                    ),
+                    previousWeek = AdminAnalyticsWindow(
+                        from = Instant.parse("2026-08-03T00:00:00Z"),
+                        until = Instant.parse("2026-08-10T00:00:00Z"),
+                    ),
+                )
+
+                populated.currentWeeklyUsers shouldBeExactly 1
+                populated.newInstallations shouldBeExactly 1
+                populated.activation24h shouldBe
+                    com.osglab.account.features.admin.stats.repositories.AdminAnalyticsCountRow(1, 1)
+                populated.periodActiveUsers shouldBeExactly 1
+                populated.successfulAiRequests shouldBeExactly 2
+                populated.features.single().successes shouldBeExactly 2
+                populated.retention.single().d1 shouldBeExactly 1
             }
         } finally {
             factory.close()
@@ -69,3 +116,52 @@ class AdminStatsRepositoryIntegrationTest : FunSpec({
 
 private class StatsMySqlContainer(image: String) :
     MySQLContainer<StatsMySqlContainer>(image)
+
+private fun seedProductAnalytics() {
+    TransactionManager.current().exec(
+        """
+        INSERT INTO product_analytics_installations (
+            installation_hash, account_id, created_at, updated_at
+        ) VALUES (
+            '${"a".repeat(64)}', NULL,
+            '2026-08-11 00:00:00.000000', '2026-08-12 00:10:00.000000'
+        )
+        """.trimIndent(),
+    )
+    listOf(
+        """
+        (
+            '${"a".repeat(64)}', '40000000-0000-0000-0000-000000000001',
+            'FIRST_OPEN', '2026-08-11 00:00:00.000000', 'APP',
+            'APP_STORE_ORGANIC', NULL, NULL, NULL, NULL,
+            '1.0', '18.6', '${"1".repeat(64)}', '2026-08-11 00:00:01.000000'
+        )
+        """.trimIndent(),
+        """
+        (
+            '${"a".repeat(64)}', '40000000-0000-0000-0000-000000000002',
+            'AI_FEATURE_SUCCEEDED', '2026-08-11 00:10:00.000000', 'KEYBOARD',
+            NULL, 'POLISH', 'LOCAL', NULL, 'S1_TO_3',
+            '1.0', '18.6', '${"2".repeat(64)}', '2026-08-11 00:10:01.000000'
+        )
+        """.trimIndent(),
+        """
+        (
+            '${"a".repeat(64)}', '40000000-0000-0000-0000-000000000003',
+            'AI_FEATURE_SUCCEEDED', '2026-08-12 00:10:00.000000', 'KEYBOARD',
+            NULL, 'POLISH', 'LOCAL', NULL, 'S1_TO_3',
+            '1.0', '18.6', '${"3".repeat(64)}', '2026-08-12 00:10:01.000000'
+        )
+        """.trimIndent(),
+    ).forEach { values ->
+        TransactionManager.current().exec(
+            """
+            INSERT INTO product_analytics_events (
+                installation_hash, client_event_id, event_name, occurred_at, surface,
+                acquisition_channel, feature, execution_mode, failure_category,
+                duration_bucket, app_version, os_version, payload_hash, received_at
+            ) VALUES $values
+            """.trimIndent(),
+        )
+    }
+}
diff --git a/src/test/kotlin/com/osglab/account/features/analytics/AnalyticsRepositoryIntegrationTest.kt b/src/test/kotlin/com/osglab/account/features/analytics/AnalyticsRepositoryIntegrationTest.kt
new file mode 100644
index 0000000..02bbbe8
--- /dev/null
+++ b/src/test/kotlin/com/osglab/account/features/analytics/AnalyticsRepositoryIntegrationTest.kt
@@ -0,0 +1,255 @@
+package com.osglab.account.features.analytics
+
+import com.osglab.account.common.errors.ConflictException
+import com.osglab.account.config.DatabaseConfig
+import com.osglab.account.config.DatabaseFactory
+import com.osglab.account.features.analytics.domain.AnalyticsEventType
+import com.osglab.account.features.analytics.domain.AnalyticsIngestResult
+import com.osglab.account.features.analytics.domain.AnalyticsSurface
+import com.osglab.account.features.analytics.models.AnalyticsBatchRequest
+import com.osglab.account.features.analytics.models.AnalyticsEventRequest
+import com.osglab.account.features.analytics.repositories.ExposedAnalyticsRepository
+import com.osglab.account.features.analytics.services.DefaultAnalyticsService
+import io.kotest.assertions.throwables.shouldThrow
+import io.kotest.core.spec.style.FunSpec
+import io.kotest.matchers.shouldBe
+import kotlinx.coroutines.async
+import kotlinx.coroutines.awaitAll
+import kotlinx.coroutines.coroutineScope
+import java.security.MessageDigest
+import java.sql.DriverManager
+import java.time.Clock
+import java.time.Instant
+import java.time.ZoneOffset
+import java.util.UUID
+import org.opentest4j.TestAbortedException
+import org.testcontainers.DockerClientFactory
+import org.testcontainers.containers.MySQLContainer
+
+class AnalyticsRepositoryIntegrationTest : FunSpec({
+    test("V16 repository links accounts replays atomically and cascades account deletion") {
+        withAnalyticsDatabase { config, databaseFactory ->
+            val now = Instant.parse("2026-08-20T01:00:00Z")
+            val accountId = UUID.fromString("20000000-0000-0000-0000-000000000001")
+            val otherAccountId = UUID.fromString("20000000-0000-0000-0000-000000000002")
+            val installationId = "10000000-0000-0000-0000-000000000001"
+            insertAccounts(config, listOf(accountId, otherAccountId), now)
+            val repository = ExposedAnalyticsRepository(databaseFactory)
+            val service = DefaultAnalyticsService(
+                repository = repository,
+                clock = Clock.fixed(now, ZoneOffset.UTC),
+            )
+            val original = event(
+                id = "30000000-0000-0000-0000-000000000001",
+                now = now,
+                surface = AnalyticsSurface.APP,
+            )
+            val request = AnalyticsBatchRequest(installationId, listOf(original))
+
+            service.ingest(null, request) shouldBe AnalyticsIngestResult(1, 0)
+            service.ingest(accountId, request) shouldBe AnalyticsIngestResult(0, 1)
+            service.ingest(accountId, request) shouldBe AnalyticsIngestResult(0, 1)
+            shouldThrow<ConflictException> {
+                service.ingest(otherAccountId, request)
+            }
+
+            installationCount(config, installationId) shouldBe 0
+            installationCount(config, installationId.sha256Hex()) shouldBe 1
+            linkedAccount(config, installationId.sha256Hex()) shouldBe accountId.toString()
+            eventCount(config) shouldBe 1
+            repository.recordInvitePageOpen(now)
+            repository.recordInvitePageOpen(now.plusSeconds(30))
+            scalarInt(
+                config,
+                "SELECT counter_value FROM product_analytics_daily_counters " +
+                    "WHERE counter_name = 'INVITE_PAGE_OPENED'",
+            ) shouldBe 2
+
+            val concurrentRequest = AnalyticsBatchRequest(
+                installationId = "10000000-0000-0000-0000-000000000099",
+                events = listOf(
+                    event(
+                        id = "30000000-0000-0000-0000-000000000099",
+                        now = now,
+                        surface = AnalyticsSurface.APP,
+                    ),
+                ),
+            )
+            val concurrentResults = coroutineScope {
+                List(8) {
+                    async { service.ingest(null, concurrentRequest) }
+                }.awaitAll()
+            }
+            concurrentResults.sumOf(AnalyticsIngestResult::accepted) shouldBe 1
+            concurrentResults.sumOf(AnalyticsIngestResult::replayed) shouldBe 7
+            markInstallationUpdatedAt(
+                config,
+                concurrentRequest.installationId.sha256Hex(),
+                now.minusSeconds(91L * 24 * 60 * 60),
+            )
+            repository.purgeAnonymousInstallations(
+                before = now.minusSeconds(90L * 24 * 60 * 60),
+                limit = 100,
+            ) shouldBe 1
+            installationCount(config, concurrentRequest.installationId.sha256Hex()) shouldBe 0
+
+            shouldThrow<ConflictException> {
+                service.ingest(
+                    accountId,
+                    AnalyticsBatchRequest(
+                        installationId = installationId,
+                        events = listOf(
+                            event(
+                                id = "30000000-0000-0000-0000-000000000002",
+                                now = now,
+                                surface = AnalyticsSurface.APP,
+                            ),
+                            original.copy(surface = AnalyticsSurface.KEYBOARD),
+                        ),
+                    ),
+                )
+            }
+            eventCount(config) shouldBe 1
+
+            deleteAccount(config, accountId)
+            installationCount(config, installationId.sha256Hex()) shouldBe 0
+            eventCount(config) shouldBe 0
+        }
+    }
+})
+
+private fun event(
+    id: String,
+    now: Instant,
+    surface: AnalyticsSurface,
+) = AnalyticsEventRequest(
+    clientEventId = id,
+    eventType = AnalyticsEventType.SESSION_STARTED,
+    occurredAt = now.toString(),
+    surface = surface,
+)
+
+private suspend fun withAnalyticsDatabase(
+    block: suspend (DatabaseConfig, DatabaseFactory) -> Unit,
+) {
+    val externalJdbcUrl = System.getenv("TEST_MYSQL_JDBC_URL")?.takeIf(String::isNotBlank)
+    if (externalJdbcUrl == null && !DockerClientFactory.instance().isDockerAvailable) {
+        throw TestAbortedException("Docker is unavailable; MySQL integration test skipped")
+    }
+    val mysql = if (externalJdbcUrl == null) {
+        AnalyticsMySqlContainer("mysql:8.4")
+            .withDatabaseName("osg_analytics_test")
+            .withUsername("test")
+            .withPassword("test")
+            .also(AnalyticsMySqlContainer::start)
+    } else {
+        null
+    }
+    val config = DatabaseConfig(
+        jdbcUrl = externalJdbcUrl ?: requireNotNull(mysql).jdbcUrl,
+        username = System.getenv("TEST_MYSQL_USER")?.takeIf(String::isNotBlank)
+            ?: mysql?.username
+            ?: "root",
+        password = System.getenv("TEST_MYSQL_PASSWORD") ?: mysql?.password ?: "",
+        maximumPoolSize = 4,
+    )
+    val databaseFactory = DatabaseFactory(config)
+    try {
+        databaseFactory.database
+        block(config, databaseFactory)
+    } finally {
+        databaseFactory.close()
+        mysql?.stop()
+    }
+}
+
+private fun insertAccounts(
+    config: DatabaseConfig,
+    accountIds: List<UUID>,
+    now: Instant,
+) {
+    DriverManager.getConnection(config.jdbcUrl, config.username, config.password).use { connection ->
+        connection.prepareStatement(
+            """
+            INSERT INTO accounts (id, apple_sub, created_at, updated_at)
+            VALUES (?, ?, ?, ?)
+            """.trimIndent()
+        ).use { statement ->
+            accountIds.forEach { accountId ->
+                statement.setString(1, accountId.toString())
+                statement.setString(2, "analytics-test-$accountId")
+                statement.setTimestamp(3, java.sql.Timestamp.from(now))
+                statement.setTimestamp(4, java.sql.Timestamp.from(now))
+                statement.addBatch()
+            }
+            statement.executeBatch()
+        }
+    }
+}
+
+private fun installationCount(config: DatabaseConfig, hash: String): Int =
+    scalarInt(
+        config,
+        "SELECT COUNT(*) FROM product_analytics_installations WHERE installation_hash = ?",
+        hash,
+    )
+
+private fun eventCount(config: DatabaseConfig): Int =
+    scalarInt(config, "SELECT COUNT(*) FROM product_analytics_events")
+
+private fun linkedAccount(config: DatabaseConfig, hash: String): String? =
+    DriverManager.getConnection(config.jdbcUrl, config.username, config.password).use { connection ->
+        connection.prepareStatement(
+            "SELECT account_id FROM product_analytics_installations WHERE installation_hash = ?"
+        ).use { statement ->
+            statement.setString(1, hash)
+            statement.executeQuery().use { result ->
+                result.next()
+                result.getString(1)
+            }
+        }
+    }
+
+private fun scalarInt(config: DatabaseConfig, sql: String, argument: String? = null): Int =
+    DriverManager.getConnection(config.jdbcUrl, config.username, config.password).use { connection ->
+        connection.prepareStatement(sql).use { statement ->
+            argument?.let { statement.setString(1, it) }
+            statement.executeQuery().use { result ->
+                result.next()
+                result.getInt(1)
+            }
+        }
+    }
+
+private fun deleteAccount(config: DatabaseConfig, accountId: UUID) {
+    DriverManager.getConnection(config.jdbcUrl, config.username, config.password).use { connection ->
+        connection.prepareStatement("DELETE FROM accounts WHERE id = ?").use { statement ->
+            statement.setString(1, accountId.toString())
+            statement.executeUpdate()
+        }
+    }
+}
+
+private fun markInstallationUpdatedAt(
+    config: DatabaseConfig,
+    installationHash: String,
+    updatedAt: Instant,
+) {
+    DriverManager.getConnection(config.jdbcUrl, config.username, config.password).use { connection ->
+        connection.prepareStatement(
+            "UPDATE product_analytics_installations SET updated_at = ? WHERE installation_hash = ?"
+        ).use { statement ->
+            statement.setTimestamp(1, java.sql.Timestamp.from(updatedAt))
+            statement.setString(2, installationHash)
+            statement.executeUpdate() shouldBe 1
+        }
+    }
+}
+
+private fun String.sha256Hex(): String =
+    MessageDigest.getInstance("SHA-256")
+        .digest(toByteArray(Charsets.UTF_8))
+        .joinToString(separator = "") { byte -> "%02x".format(byte.toInt() and 0xff) }
+
+private class AnalyticsMySqlContainer(image: String) :
+    MySQLContainer<AnalyticsMySqlContainer>(image)
diff --git a/src/test/kotlin/com/osglab/account/features/analytics/AnalyticsRoutesTest.kt b/src/test/kotlin/com/osglab/account/features/analytics/AnalyticsRoutesTest.kt
new file mode 100644
index 0000000..e5a70d7
--- /dev/null
+++ b/src/test/kotlin/com/osglab/account/features/analytics/AnalyticsRoutesTest.kt
@@ -0,0 +1,153 @@
+package com.osglab.account.features.analytics
+
+import com.osglab.account.common.api.installApiStatusPages
+import com.osglab.account.common.errors.ConflictException
+import com.osglab.account.common.security.AccountPrincipal
+import com.osglab.account.common.security.installSessionAuthentication
+import com.osglab.account.features.analytics.domain.AnalyticsEventTimeException
+import com.osglab.account.features.analytics.domain.AnalyticsIngestResult
+import com.osglab.account.features.analytics.models.AnalyticsBatchRequest
+import com.osglab.account.features.analytics.routes.analyticsRoutes
+import com.osglab.account.features.analytics.services.AnalyticsService
+import io.kotest.matchers.shouldBe
+import io.kotest.matchers.string.shouldContain
+import io.kotest.matchers.string.shouldNotContain
+import io.ktor.client.request.bearerAuth
+import io.ktor.client.request.post
+import io.ktor.client.request.setBody
+import io.ktor.client.statement.bodyAsText
+import io.ktor.http.ContentType
+import io.ktor.http.HttpStatusCode
+import io.ktor.http.contentType
+import io.ktor.serialization.kotlinx.json.json
+import io.ktor.server.application.install
+import io.ktor.server.plugins.contentnegotiation.ContentNegotiation
+import io.ktor.server.routing.routing
+import io.ktor.server.testing.testApplication
+import java.util.UUID
+import kotlinx.serialization.json.Json
+import kotlin.test.Test
+
+class AnalyticsRoutesTest {
+    private val accountId = UUID.fromString("20000000-0000-0000-0000-000000000001")
+    private val sessionId = UUID.fromString("30000000-0000-0000-0000-000000000001")
+
+    @Test
+    fun `route accepts anonymous and authenticated batches without returning identity`() =
+        testApplication {
+            val service = RecordingAnalyticsService()
+            application {
+                install(ContentNegotiation) { json(Json { explicitNulls = false }) }
+                installApiStatusPages()
+                installSessionAuthentication { token ->
+                    token.takeIf { it == "valid-token" }?.let {
+                        AccountPrincipal(accountId, sessionId)
+                    }
+                }
+                routing { analyticsRoutes(service) }
+            }
+
+            val anonymous = client.post("/v1/analytics/events") {
+                contentType(ContentType.Application.Json)
+                setBody(validBody())
+            }
+            val authenticated = client.post("/v1/analytics/events") {
+                bearerAuth("valid-token")
+                contentType(ContentType.Application.Json)
+                setBody(validBody())
+            }
+            val invalidBearer = client.post("/v1/analytics/events") {
+                bearerAuth("invalid-token")
+                contentType(ContentType.Application.Json)
+                setBody(validBody())
+            }
+
+            anonymous.status shouldBe HttpStatusCode.OK
+            anonymous.bodyAsText() shouldBe """{"accepted":1,"replayed":0}"""
+            authenticated.status shouldBe HttpStatusCode.OK
+            authenticated.bodyAsText() shouldNotContain accountId.toString()
+            authenticated.bodyAsText() shouldNotContain "installationId"
+            invalidBearer.status shouldBe HttpStatusCode.Unauthorized
+            service.accountIds shouldBe listOf(null, accountId)
+        }
+
+    @Test
+    fun `route returns stable validation conflict and event-time errors`() = testApplication {
+        val service = ErrorAnalyticsService()
+        application {
+            install(ContentNegotiation) { json(Json { explicitNulls = false }) }
+            installApiStatusPages()
+            installSessionAuthentication { null }
+            routing { analyticsRoutes(service) }
+        }
+
+        val invalidEnum = client.post("/v1/analytics/events") {
+            contentType(ContentType.Application.Json)
+            setBody(validBody().replace("SESSION_STARTED", "ARBITRARY_EVENT"))
+        }
+        val unknownField = client.post("/v1/analytics/events") {
+            contentType(ContentType.Application.Json)
+            setBody(validBody().replace("\"appVersion\"", "\"userText\":\"forbidden\",\"appVersion\""))
+        }
+        val conflict = client.post("/v1/analytics/events") {
+            contentType(ContentType.Application.Json)
+            setBody(validBody().replace(INSTALLATION_ID, CONFLICT_INSTALLATION_ID))
+        }
+        val invalidTime = client.post("/v1/analytics/events") {
+            contentType(ContentType.Application.Json)
+            setBody(validBody().replace(INSTALLATION_ID, INVALID_TIME_INSTALLATION_ID))
+        }
+
+        invalidEnum.status shouldBe HttpStatusCode.BadRequest
+        invalidEnum.bodyAsText() shouldContain """"code":"invalid_request""""
+        unknownField.status shouldBe HttpStatusCode.BadRequest
+        unknownField.bodyAsText() shouldContain """"code":"invalid_request""""
+        conflict.status shouldBe HttpStatusCode.Conflict
+        conflict.bodyAsText() shouldContain """"code":"conflict""""
+        invalidTime.status shouldBe HttpStatusCode.UnprocessableEntity
+        invalidTime.bodyAsText() shouldContain """"code":"event_time_invalid""""
+    }
+
+    private fun validBody(): String =
+        """
+        {
+          "installationId":"$INSTALLATION_ID",
+          "events":[{
+            "clientEventId":"40000000-0000-0000-0000-000000000001",
+            "eventType":"SESSION_STARTED",
+            "occurredAt":"2026-08-20T01:00:00Z",
+            "surface":"APP",
+            "appVersion":"1.0"
+          }]
+        }
+        """.trimIndent()
+
+    private companion object {
+        const val INSTALLATION_ID = "10000000-0000-0000-0000-000000000001"
+        const val CONFLICT_INSTALLATION_ID = "10000000-0000-0000-0000-000000000002"
+        const val INVALID_TIME_INSTALLATION_ID = "10000000-0000-0000-0000-000000000003"
+    }
+}
+
+private class RecordingAnalyticsService : AnalyticsService {
+    val accountIds = mutableListOf<UUID?>()
+
+    override suspend fun ingest(
+        accountId: UUID?,
+        request: AnalyticsBatchRequest,
+    ): AnalyticsIngestResult {
+        accountIds += accountId
+        return AnalyticsIngestResult(accepted = request.events.size, replayed = 0)
+    }
+}
+
+private class ErrorAnalyticsService : AnalyticsService {
+    override suspend fun ingest(
+        accountId: UUID?,
+        request: AnalyticsBatchRequest,
+    ): AnalyticsIngestResult = when (request.installationId) {
+        "10000000-0000-0000-0000-000000000002" -> throw ConflictException("Conflict")
+        "10000000-0000-0000-0000-000000000003" -> throw AnalyticsEventTimeException()
+        else -> AnalyticsIngestResult(request.events.size, 0)
+    }
+}
diff --git a/src/test/kotlin/com/osglab/account/features/analytics/AnalyticsServiceTest.kt b/src/test/kotlin/com/osglab/account/features/analytics/AnalyticsServiceTest.kt
new file mode 100644
index 0000000..90e9d0f
--- /dev/null
+++ b/src/test/kotlin/com/osglab/account/features/analytics/AnalyticsServiceTest.kt
@@ -0,0 +1,351 @@
+package com.osglab.account.features.analytics
+
+import com.osglab.account.common.errors.ConflictException
+import com.osglab.account.common.errors.InvalidRequestException
+import com.osglab.account.features.analytics.domain.AnalyticsAcquisitionChannel
+import com.osglab.account.features.analytics.domain.AnalyticsBatch
+import com.osglab.account.features.analytics.domain.AnalyticsDurationBucket
+import com.osglab.account.features.analytics.domain.AnalyticsEventType
+import com.osglab.account.features.analytics.domain.AnalyticsEventTimeException
+import com.osglab.account.features.analytics.domain.AnalyticsExecutionMode
+import com.osglab.account.features.analytics.domain.AnalyticsFailureCategory
+import com.osglab.account.features.analytics.domain.AnalyticsFeature
+import com.osglab.account.features.analytics.domain.AnalyticsIngestResult
+import com.osglab.account.features.analytics.domain.AnalyticsSurface
+import com.osglab.account.features.analytics.models.AnalyticsBatchRequest
+import com.osglab.account.features.analytics.models.AnalyticsEventRequest
+import com.osglab.account.features.analytics.repositories.AnalyticsRepository
+import com.osglab.account.features.analytics.services.AnalyticsMaintenanceService
+import com.osglab.account.features.analytics.services.DefaultAnalyticsService
+import io.kotest.assertions.throwables.shouldThrow
+import io.kotest.matchers.shouldBe
+import io.kotest.matchers.string.shouldNotContain
+import java.security.MessageDigest
+import java.time.Clock
+import java.time.Duration
+import java.time.Instant
+import java.time.ZoneOffset
+import java.util.UUID
+import kotlin.test.Test
+
+class AnalyticsServiceTest {
+    private val now = Instant.parse("2026-08-20T01:00:00Z")
+    private val installationId = "10000000-0000-0000-0000-000000000001"
+    private val accountId = UUID.fromString("20000000-0000-0000-0000-000000000001")
+    private val otherAccountId = UUID.fromString("20000000-0000-0000-0000-000000000002")
+
+    @Test
+    fun `anonymous events are accepted and only the installation digest reaches persistence`(): Unit =
+        kotlinx.coroutines.runBlocking {
+            val repository = InMemoryAnalyticsRepository()
+            val request = batch(firstOpen())
+            val result = service(repository).ingest(null, request)
+
+            result shouldBe AnalyticsIngestResult(accepted = 1, replayed = 0)
+            repository.lastBatch?.accountId shouldBe null
+            repository.lastBatch?.installationHash shouldBe installationId.sha256Hex()
+            repository.lastBatch.toString() shouldNotContain installationId
+            request.toString() shouldNotContain installationId
+            request.toString() shouldNotContain firstOpen().clientEventId
+        }
+
+    @Test
+    fun `authenticated ingestion links an anonymous installation and rejects another account`(): Unit =
+        kotlinx.coroutines.runBlocking {
+            val repository = InMemoryAnalyticsRepository()
+            val service = service(repository)
+            val request = batch(sessionStarted())
+
+            service.ingest(null, request) shouldBe AnalyticsIngestResult(1, 0)
+            service.ingest(accountId, request) shouldBe AnalyticsIngestResult(0, 1)
+            service.ingest(accountId, request) shouldBe AnalyticsIngestResult(0, 1)
+            shouldThrow<ConflictException> {
+                service.ingest(otherAccountId, request)
+            }
+        }
+
+    @Test
+    fun `complete event catalog accepts only its declared dimensions`(): Unit =
+        kotlinx.coroutines.runBlocking {
+            val repository = InMemoryAnalyticsRepository()
+            val validEvents = listOf(
+                firstOpen(),
+                sessionStarted(id = uuid(2)),
+                event(
+                    id = uuid(3),
+                    type = AnalyticsEventType.KEYBOARD_ACTIVATED,
+                    surface = AnalyticsSurface.KEYBOARD,
+                ),
+                event(
+                    id = uuid(4),
+                    type = AnalyticsEventType.AI_FEATURE_STARTED,
+                    feature = AnalyticsFeature.POLISH,
+                    executionMode = AnalyticsExecutionMode.LOCAL,
+                ),
+                event(
+                    id = uuid(5),
+                    type = AnalyticsEventType.AI_FEATURE_SUCCEEDED,
+                    feature = AnalyticsFeature.AI_ASSISTANT,
+                    executionMode = AnalyticsExecutionMode.BYOK,
+                    durationBucket = AnalyticsDurationBucket.S1_TO_3,
+                ),
+                event(
+                    id = uuid(6),
+                    type = AnalyticsEventType.AI_FEATURE_FAILED,
+                    feature = AnalyticsFeature.TRANSCRIPTION,
+                    executionMode = AnalyticsExecutionMode.MANAGED,
+                    failureCategory = AnalyticsFailureCategory.TIMEOUT,
+                    durationBucket = AnalyticsDurationBucket.S10_TO_30,
+                ),
+                event(id = uuid(7), type = AnalyticsEventType.PURCHASE_VIEWED),
+                event(id = uuid(8), type = AnalyticsEventType.PURCHASE_STARTED),
+                event(
+                    id = uuid(9),
+                    type = AnalyticsEventType.PURCHASE_CANCELLED,
+                    failureCategory = AnalyticsFailureCategory.CANCELLED,
+                ),
+                event(id = uuid(10), type = AnalyticsEventType.REFERRAL_SHARED),
+                event(
+                    id = uuid(11),
+                    type = AnalyticsEventType.INVITE_OPENED,
+                    surface = AnalyticsSurface.INVITE_WEB,
+                    acquisitionChannel = AnalyticsAcquisitionChannel.REFERRAL,
+                ),
+            )
+
+            service(repository).ingest(null, batch(events = validEvents)) shouldBe
+                AnalyticsIngestResult(validEvents.size, 0)
+
+            listOf(
+                firstOpen().copy(acquisitionChannel = null),
+                sessionStarted().copy(surface = AnalyticsSurface.INVITE_WEB),
+                event(
+                    type = AnalyticsEventType.KEYBOARD_ACTIVATED,
+                    surface = AnalyticsSurface.APP,
+                ),
+                event(
+                    type = AnalyticsEventType.AI_FEATURE_STARTED,
+                    feature = AnalyticsFeature.POLISH,
+                    executionMode = AnalyticsExecutionMode.LOCAL,
+                    durationBucket = AnalyticsDurationBucket.LT_1S,
+                ),
+                event(
+                    type = AnalyticsEventType.AI_FEATURE_SUCCEEDED,
+                    feature = AnalyticsFeature.POLISH,
+                    executionMode = AnalyticsExecutionMode.LOCAL,
+                ),
+                event(
+                    type = AnalyticsEventType.AI_FEATURE_FAILED,
+                    feature = AnalyticsFeature.POLISH,
+                    executionMode = AnalyticsExecutionMode.LOCAL,
+                ),
+                event(
+                    type = AnalyticsEventType.PURCHASE_CANCELLED,
+                    failureCategory = AnalyticsFailureCategory.NETWORK,
+                ),
+                event(
+                    type = AnalyticsEventType.INVITE_OPENED,
+                    surface = AnalyticsSurface.INVITE_WEB,
+                    acquisitionChannel = AnalyticsAcquisitionChannel.UNKNOWN,
+                ),
+            ).forEach { invalidEvent ->
+                shouldThrow<InvalidRequestException> {
+                    service(repository).ingest(null, batch(invalidEvent))
+                }
+            }
+        }
+
+    @Test
+    fun `batch UUID release identifier and timestamp validation use stable errors`(): Unit =
+        kotlinx.coroutines.runBlocking {
+            val repository = InMemoryAnalyticsRepository()
+            val service = service(repository)
+
+            listOf(
+                AnalyticsBatchRequest("not-a-uuid", listOf(sessionStarted())),
+                batch(sessionStarted().copy(clientEventId = "not-a-uuid")),
+                batch(sessionStarted().copy(appVersion = "")),
+                batch(sessionStarted().copy(appVersion = "1.0 beta")),
+                batch(sessionStarted().copy(osVersion = "版本")),
+                batch(sessionStarted().copy(osVersion = "x".repeat(33))),
+                batch(sessionStarted().copy(occurredAt = "2026-08-20T01:00:00+01:00")),
+                AnalyticsBatchRequest(installationId, emptyList()),
+                AnalyticsBatchRequest(installationId, List(51) { sessionStarted() }),
+            ).forEach { invalid ->
+                shouldThrow<InvalidRequestException> {
+                    service.ingest(null, invalid)
+                }.code shouldBe "invalid_request"
+            }
+            repository.eventCount shouldBe 0
+
+            listOf(
+                now.minusSeconds(35L * 24 * 60 * 60 + 1),
+                now.plusSeconds(5L * 60 + 1),
+            ).forEach { outside ->
+                shouldThrow<AnalyticsEventTimeException> {
+                    service.ingest(null, batch(sessionStarted().copy(occurredAt = outside.toString())))
+                }.code shouldBe "event_time_invalid"
+            }
+
+            val maximumBatch = List(50) { index -> sessionStarted(uuid(100 + index)) }
+            service.ingest(null, batch(maximumBatch)) shouldBe AnalyticsIngestResult(50, 0)
+        }
+
+    @Test
+    fun `time boundaries are inclusive and batch persistence is atomic on conflict`(): Unit =
+        kotlinx.coroutines.runBlocking {
+            val repository = InMemoryAnalyticsRepository()
+            val service = service(repository)
+            val oldest = sessionStarted(uuid(20)).copy(
+                occurredAt = now.minusSeconds(35L * 24 * 60 * 60).toString()
+            )
+            val newest = sessionStarted(uuid(21)).copy(occurredAt = now.plusSeconds(5 * 60).toString())
+
+            service.ingest(null, batch(events = listOf(oldest, newest))) shouldBe
+                AnalyticsIngestResult(2, 0)
+
+            val original = sessionStarted(uuid(30))
+            service.ingest(null, batch(original)) shouldBe AnalyticsIngestResult(1, 0)
+            service.ingest(null, batch(original)) shouldBe AnalyticsIngestResult(0, 1)
+            val eventCountBeforeConflict = repository.eventCount
+            shouldThrow<ConflictException> {
+                service.ingest(
+                    null,
+                    batch(
+                        events = listOf(
+                            sessionStarted(uuid(31)),
+                            original.copy(surface = AnalyticsSurface.KEYBOARD),
+                        )
+                    ),
+                )
+            }
+            repository.eventCount shouldBe eventCountBeforeConflict
+        }
+
+    @Test
+    fun `maintenance purges only anonymous installations older than ninety days`(): Unit =
+        kotlinx.coroutines.runBlocking {
+            val repository = InMemoryAnalyticsRepository()
+            val maintenance = AnalyticsMaintenanceService(
+                repository = repository,
+                clock = Clock.fixed(now, ZoneOffset.UTC),
+                anonymousRetention = Duration.ofDays(90),
+            )
+
+            maintenance.purgeStaleAnonymousInstallations() shouldBe 0
+            repository.lastPurgeBefore shouldBe now.minus(Duration.ofDays(90))
+            repository.lastPurgeLimit shouldBe 1_000
+        }
+
+    private fun service(repository: AnalyticsRepository) =
+        DefaultAnalyticsService(repository, Clock.fixed(now, ZoneOffset.UTC))
+
+    private fun batch(
+        event: AnalyticsEventRequest,
+    ) = batch(events = listOf(event))
+
+    private fun batch(
+        events: List<AnalyticsEventRequest>,
+    ) = AnalyticsBatchRequest(installationId = installationId, events = events)
+
+    private fun firstOpen() = event(
+        id = uuid(1),
+        type = AnalyticsEventType.FIRST_OPEN,
+        acquisitionChannel = AnalyticsAcquisitionChannel.APP_STORE_ORGANIC,
+        appVersion = "1.2.3",
+        osVersion = "18.6",
+    )
+
+    private fun sessionStarted(id: String = uuid(12)) = event(
+        id = id,
+        type = AnalyticsEventType.SESSION_STARTED,
+    )
+
+    private fun event(
+        id: String = uuid(40),
+        type: AnalyticsEventType,
+        surface: AnalyticsSurface = AnalyticsSurface.APP,
+        acquisitionChannel: AnalyticsAcquisitionChannel? = null,
+        feature: AnalyticsFeature? = null,
+        executionMode: AnalyticsExecutionMode? = null,
+        failureCategory: AnalyticsFailureCategory? = null,
+        durationBucket: AnalyticsDurationBucket? = null,
+        appVersion: String? = null,
+        osVersion: String? = null,
+    ) = AnalyticsEventRequest(
+        clientEventId = id,
+        eventType = type,
+        occurredAt = now.toString(),
+        surface = surface,
+        acquisitionChannel = acquisitionChannel,
+        feature = feature,
+        executionMode = executionMode,
+        failureCategory = failureCategory,
+        durationBucket = durationBucket,
+        appVersion = appVersion,
+        osVersion = osVersion,
+    )
+
+    private fun uuid(number: Int): String =
+        "30000000-0000-0000-0000-${number.toString().padStart(12, '0')}"
+}
+
+private class InMemoryAnalyticsRepository : AnalyticsRepository {
+    private val linkedAccounts = mutableMapOf<String, UUID?>()
+    private val payloads = mutableMapOf<Pair<String, UUID>, String>()
+    var lastBatch: AnalyticsBatch? = null
+        private set
+    val eventCount: Int get() = payloads.size
+    var lastPurgeBefore: Instant? = null
+        private set
+    var lastPurgeLimit: Int? = null
+        private set
+
+    override suspend fun recordInvitePageOpen(occurredAt: Instant) = Unit
+    override suspend fun purgeAnonymousInstallations(before: Instant, limit: Int): Int {
+        lastPurgeBefore = before
+        lastPurgeLimit = limit
+        return 0
+    }
+
+    override suspend fun ingest(batch: AnalyticsBatch): AnalyticsIngestResult {
+        val accountsCopy = linkedAccounts.toMutableMap()
+        val payloadsCopy = payloads.toMutableMap()
+        val existingAccount = accountsCopy[batch.installationHash]
+        if (batch.installationHash !in accountsCopy) {
+            accountsCopy[batch.installationHash] = batch.accountId
+        } else if (batch.accountId != null) {
+            when {
+                existingAccount == null -> accountsCopy[batch.installationHash] = batch.accountId
+                existingAccount != batch.accountId ->
+                    throw ConflictException("Installation is linked to another account")
+            }
+        }
+
+        var accepted = 0
+        var replayed = 0
+        batch.events.forEach { event ->
+            val key = batch.installationHash to event.clientEventId
+            val existingHash = payloadsCopy[key]
+            when {
+                existingHash == null -> {
+                    payloadsCopy[key] = event.payloadHash
+                    accepted += 1
+                }
+                existingHash == event.payloadHash -> replayed += 1
+                else -> throw ConflictException("Client event ID was reused with another payload")
+            }
+        }
+        linkedAccounts.clear()
+        linkedAccounts.putAll(accountsCopy)
+        payloads.clear()
+        payloads.putAll(payloadsCopy)
+        lastBatch = batch
+        return AnalyticsIngestResult(accepted, replayed)
+    }
+}
+
+private fun String.sha256Hex(): String =
+    MessageDigest.getInstance("SHA-256")
+        .digest(toByteArray(Charsets.UTF_8))
+        .joinToString(separator = "") { byte -> "%02x".format(byte.toInt() and 0xff) }
diff --git a/src/test/kotlin/com/osglab/account/features/inviteweb/InviteWebRoutesTest.kt b/src/test/kotlin/com/osglab/account/features/inviteweb/InviteWebRoutesTest.kt
index 4054446..61e51b2 100644
--- a/src/test/kotlin/com/osglab/account/features/inviteweb/InviteWebRoutesTest.kt
+++ b/src/test/kotlin/com/osglab/account/features/inviteweb/InviteWebRoutesTest.kt
@@ -22,9 +22,14 @@ class InviteWebRoutesTest {
 
     @Test
     fun `valid referral renders a bilingual first-party page with hardened headers`() = testApplication {
+        var recordedOpens = 0
         application {
             routing {
-                configureInviteWebRoutes(ReferralLookupPort { true }, config)
+                configureInviteWebRoutes(
+                    ReferralLookupPort { true },
+                    config,
+                    InviteOpenRecorder { recordedOpens += 1 },
+                )
             }
         }
 
@@ -49,6 +54,7 @@ class InviteWebRoutesTest {
         body shouldNotContain "branch.io"
         body shouldNotContain "appsflyer"
         body shouldNotContain "adjust.com"
+        recordedOpens shouldBe 1
     }
 
     @Test
@@ -108,6 +114,21 @@ class InviteWebRoutesTest {
         body shouldContain "temporarily unavailable"
     }
 
+    @Test
+    fun `analytics counter failure never makes a valid invitation unavailable`() = testApplication {
+        application {
+            routing {
+                configureInviteWebRoutes(
+                    ReferralLookupPort { true },
+                    config,
+                    InviteOpenRecorder { error("analytics unavailable") },
+                )
+            }
+        }
+
+        client.get("/i/$VALID_CODE").status shouldBe HttpStatusCode.OK
+    }
+
     @Test
     fun `lookup timeout fails closed with retry guidance`() = testApplication {
         application {