diff --git a/src/claude_agent_sdk/__init__.py b/src/claude_agent_sdk/__init__.py
index 31f3df5f1..b92a147d1 100644
--- a/src/claude_agent_sdk/__init__.py
+++ b/src/claude_agent_sdk/__init__.py
@@ -126,6 +126,7 @@
     SubagentStartHookInput,
     SubagentStartHookSpecificOutput,
     SubagentStopHookInput,
+    SubagentTokenUsageEvent,
     SystemMessage,
     TaskBudget,
     TaskNotificationMessage,
@@ -560,6 +561,7 @@ async def call_tool(name: str, arguments: dict[str, Any]) -> Any:
     "RateLimitStatus",
     "RateLimitType",
     "StreamEvent",
+    "SubagentTokenUsageEvent",
     "Message",
     "ClaudeAgentOptions",
     "TaskBudget",
diff --git a/src/claude_agent_sdk/_internal/message_parser.py b/src/claude_agent_sdk/_internal/message_parser.py
index b8aecfdb9..311fa0ff6 100644
--- a/src/claude_agent_sdk/_internal/message_parser.py
+++ b/src/claude_agent_sdk/_internal/message_parser.py
@@ -17,6 +17,7 @@
     ServerToolResultBlock,
     ServerToolUseBlock,
     StreamEvent,
+    SubagentTokenUsageEvent,
     SystemMessage,
     TaskNotificationMessage,
     TaskProgressMessage,
@@ -336,6 +337,24 @@ def parse_message(data: dict[str, Any]) -> Message | None:
                     f"Missing required field in rate_limit_event message: {e}", data
                 ) from e
 
+        case "subagent_token_usage":
+            try:
+                usage = data.get("usage") or {}
+                return SubagentTokenUsageEvent(
+                    input_tokens=usage.get("input_tokens", 0),
+                    output_tokens=usage.get("output_tokens", 0),
+                    cache_read_tokens=usage.get("cache_read_input_tokens", 0),
+                    cache_creation_tokens=usage.get("cache_creation_input_tokens", 0),
+                    agent_id=data.get("agent_id"),
+                    session_id=data["session_id"],
+                    uuid=data["uuid"],
+                    timestamp=data.get("timestamp"),
+                )
+            except KeyError as e:
+                raise MessageParseError(
+                    f"Missing required field in subagent_token_usage message: {e}", data
+                ) from e
+
         case _:
             # Forward-compatible: skip unrecognized message types so newer
             # CLI versions don't crash older SDK versions.
diff --git a/src/claude_agent_sdk/types.py b/src/claude_agent_sdk/types.py
index 705648030..09990d9b0 100644
--- a/src/claude_agent_sdk/types.py
+++ b/src/claude_agent_sdk/types.py
@@ -1232,6 +1232,34 @@ class StreamEvent:
     parent_tool_use_id: str | None = None
 
 
+@dataclass
+class SubagentTokenUsageEvent:
+    """Token usage event emitted mid-stream per subagent during execution.
+
+    Enables real-time cost attribution and live budget enforcement in
+    multi-agent systems without waiting for the final ``ResultMessage``.
+
+    Attributes:
+        input_tokens: Number of input tokens consumed by this subagent turn.
+        output_tokens: Number of output tokens generated by this subagent turn.
+        cache_read_tokens: Tokens read from the prompt cache (reduces cost).
+        cache_creation_tokens: Tokens written to the prompt cache.
+        agent_id: Subagent identifier. None on the main thread.
+        session_id: Session identifier the event belongs to.
+        uuid: Unique identifier for this event.
+        timestamp: ISO-8601 timestamp string when the usage was recorded.
+    """
+
+    input_tokens: int
+    output_tokens: int
+    session_id: str
+    uuid: str
+    cache_read_tokens: int = 0
+    cache_creation_tokens: int = 0
+    agent_id: str | None = None
+    timestamp: str | None = None
+
+
 # Rate limit types — see https://docs.claude.com/en/docs/claude-code/rate-limits
 RateLimitStatus = Literal["allowed", "allowed_warning", "rejected"]
 RateLimitType = Literal[
@@ -1320,6 +1348,7 @@ class HookEventMessage(SystemMessage):
     | ResultMessage
     | StreamEvent
     | RateLimitEvent
+    | SubagentTokenUsageEvent
 )