diff --git a/packages/root-cms/core/cron.ts b/packages/root-cms/core/cron.ts
index 0c6083a6..29f2a78b 100644
--- a/packages/root-cms/core/cron.ts
+++ b/packages/root-cms/core/cron.ts
@@ -1,12 +1,24 @@
 import {RootConfig} from '@blinkk/root';
 import {RootCMSClient} from './client.js';
+import {DependencyGraphService} from './dependency-graph.js';
 import {VersionsService} from './versions.js';
 
 export async function runCronJobs(rootConfig: RootConfig) {
-  await Promise.all([
+  const jobs = [
     runCronJob('publishScheduledDocs', runPublishScheduledDocs, rootConfig),
     runCronJob('saveVersions', runSaveVersions, rootConfig),
-  ]);
+  ];
+
+  const dependencyGraphService = new DependencyGraphService(rootConfig);
+  if (dependencyGraphService.isEnabled()) {
+    jobs.push(
+      runCronJob('updateDependencyGraph', () =>
+        dependencyGraphService.updateDependencyGraph()
+      )
+    );
+  }
+
+  await Promise.all(jobs);
 }
 
 async function runCronJob(
diff --git a/packages/root-cms/core/dependency-graph.ts b/packages/root-cms/core/dependency-graph.ts
new file mode 100644
index 00000000..21a38df8
--- /dev/null
+++ b/packages/root-cms/core/dependency-graph.ts
@@ -0,0 +1,228 @@
+import path from 'node:path';
+import {RootConfig} from '@blinkk/root';
+import {Firestore, Query, Timestamp} from 'firebase-admin/firestore';
+import glob from 'tiny-glob';
+import {getCmsPlugin, unmarshalData} from './client.js';
+
+interface PartialCMSDoc {
+  id?: string;
+  collection: string;
+  slug: string;
+  fields?: any;
+  sys: {
+    modifiedAt: Timestamp;
+  };
+}
+
+interface DependencyGraph {
+  updatedAt?: Timestamp;
+  nodes: Record<string, string[]>;
+}
+
+type GraphMode = 'draft' | 'published';
+
+/**
+ * Maintains a dependency graph of CMS docs and their references.
+ */
+export class DependencyGraphService {
+  private readonly rootConfig: RootConfig;
+  private readonly projectId: string;
+  private readonly db: Firestore;
+  private readonly enabled: boolean;
+
+  constructor(rootConfig: RootConfig) {
+    this.rootConfig = rootConfig;
+    const cmsPlugin = getCmsPlugin(rootConfig);
+    const cmsPluginOptions = cmsPlugin.getConfig();
+    this.projectId = cmsPluginOptions.id || 'default';
+    this.db = cmsPlugin.getFirestore();
+    this.enabled = Boolean(cmsPluginOptions.experiments?.dependencyGraphApi);
+  }
+
+  isEnabled(): boolean {
+    return this.enabled;
+  }
+
+  async updateDependencyGraph() {
+    if (!this.enabled) {
+      return;
+    }
+
+    const lastRun = await this.getLastRun();
+    const now = Timestamp.now().toMillis();
+    const [draftDocs, publishedDocs] = await Promise.all([
+      this.getDocsModifiedAfter('draft', lastRun),
+      this.getDocsModifiedAfter('published', lastRun),
+    ]);
+
+    if (draftDocs.length === 0 && publishedDocs.length === 0) {
+      await this.saveLastRun(now);
+      return;
+    }
+
+    const [draftGraph, publishedGraph] = await Promise.all([
+      this.getDependencyGraph('draft'),
+      this.getDependencyGraph('published'),
+    ]);
+
+    if (draftDocs.length > 0) {
+      const updatedDraftGraph = this.updateGraphForDocs(draftGraph, draftDocs);
+      await this.saveDependencyGraph('draft', updatedDraftGraph);
+    }
+
+    if (publishedDocs.length > 0) {
+      const updatedPublishedGraph = this.updateGraphForDocs(
+        publishedGraph,
+        publishedDocs
+      );
+      await this.saveDependencyGraph('published', updatedPublishedGraph);
+    }
+
+    await this.saveLastRun(now);
+  }
+
+  private updateGraphForDocs(
+    graph: DependencyGraph,
+    docs: PartialCMSDoc[]
+  ): DependencyGraph {
+    const nodes = {...graph.nodes};
+    docs.forEach((doc) => {
+      const docId = this.getDocId(doc);
+      if (!docId) {
+        return;
+      }
+      const references = this.extractReferences(doc);
+      nodes[docId] = references;
+    });
+    return {
+      nodes,
+      updatedAt: Timestamp.now(),
+    };
+  }
+
+  private getDocId(doc: PartialCMSDoc): string | null {
+    if (doc.id) {
+      return doc.id;
+    }
+    if (doc.collection && doc.slug) {
+      return `${doc.collection}/${doc.slug}`;
+    }
+    return null;
+  }
+
+  private extractReferences(doc: PartialCMSDoc): string[] {
+    const references = new Set<string>();
+    const fields = unmarshalData(doc.fields || {});
+
+    const walk = (value: any) => {
+      if (Array.isArray(value)) {
+        value.forEach((item) => walk(item));
+        return;
+      }
+      if (!value || typeof value !== 'object') {
+        return;
+      }
+
+      const refId = this.getReferenceId(value);
+      if (refId) {
+        references.add(refId);
+      }
+
+      Object.values(value).forEach((child) => walk(child));
+    };
+
+    walk(fields);
+    return Array.from(references).sort();
+  }
+
+  private getReferenceId(value: any): string | null {
+    if (
+      typeof value?.id === 'string' &&
+      typeof value.collection === 'string' &&
+      typeof value.slug === 'string'
+    ) {
+      return value.id || `${value.collection}/${value.slug}`;
+    }
+    if (typeof value?.id === 'string') {
+      return value.id;
+    }
+    if (typeof value?.collection === 'string' && typeof value?.slug === 'string') {
+      return `${value.collection}/${value.slug}`;
+    }
+    return null;
+  }
+
+  private async getDependencyGraph(mode: GraphMode): Promise<DependencyGraph> {
+    const doc = await this.getDependencyGraphRef(mode).get();
+    if (!doc.exists) {
+      return {nodes: {}};
+    }
+    const data = doc.data() as DependencyGraph;
+    return {
+      nodes: data.nodes || {},
+      updatedAt: data.updatedAt,
+    };
+  }
+
+  private async saveDependencyGraph(
+    mode: GraphMode,
+    graph: DependencyGraph
+  ) {
+    await this.getDependencyGraphRef(mode).set(graph);
+  }
+
+  private getDependencyGraphRef(mode: GraphMode) {
+    return this.db.doc(`Projects/${this.projectId}/DependencyGraph/${mode}`);
+  }
+
+  private async getLastRun(): Promise<number> {
+    const projectDocRef = this.db.collection('Projects').doc(this.projectId);
+    const projectDoc = await projectDocRef.get();
+    if (projectDoc.exists) {
+      const data = projectDoc.data() || {};
+      const ts = data.dependencyGraphApiLastRun as Timestamp;
+      if (ts) {
+        return ts.toMillis();
+      }
+    }
+    return 0;
+  }
+
+  private async saveLastRun(millis: number) {
+    const ts = Timestamp.fromMillis(millis);
+    const projectDocRef = this.db.collection('Projects').doc(this.projectId);
+    await projectDocRef.set({dependencyGraphApiLastRun: ts}, {merge: true});
+  }
+
+  private async getDocsModifiedAfter(
+    mode: GraphMode,
+    millis: number
+  ): Promise<PartialCMSDoc[]> {
+    const ts = Timestamp.fromMillis(millis);
+    const results: PartialCMSDoc[] = [];
+    const collectionIds = await this.listCollections();
+    const modeCollection = mode === 'draft' ? 'Drafts' : 'Published';
+    for (const collectionId of collectionIds) {
+      const collectionPath = `Projects/${this.projectId}/Collections/${collectionId}/${modeCollection}`;
+      const query: Query = this.db
+        .collection(collectionPath)
+        .where('sys.modifiedAt', '>=', ts);
+      const querySnapshot = await query.get();
+      querySnapshot.forEach((doc) => {
+        results.push(doc.data() as PartialCMSDoc);
+      });
+    }
+    return results;
+  }
+
+  private async listCollections(): Promise<string[]> {
+    const collectionIds: string[] = [];
+    const collectionFileNames = await glob('*.schema.ts', {
+      cwd: path.join(this.rootConfig.rootDir, 'collections'),
+    });
+    collectionFileNames.forEach((filename) => {
+      collectionIds.push(filename.slice(0, -10));
+    });
+    return collectionIds;
+  }
+}
diff --git a/packages/root-cms/core/plugin.ts b/packages/root-cms/core/plugin.ts
index c57d1f66..83977c54 100644
--- a/packages/root-cms/core/plugin.ts
+++ b/packages/root-cms/core/plugin.ts
@@ -236,6 +236,11 @@ export type CMSPluginOptions = {
      * Enables the v2 `TranslationsManager`.
      */
     v2TranslationsManager?: boolean;
+
+    /**
+     * Enables the dependency graph API.
+     */
+    dependencyGraphApi?: boolean;
   };
 
   /**