diff --git a/posthog/caching/insight_cache.py b/posthog/caching/insight_cache.py
index 8bdefe471b9..faf78c0eb4f 100644
--- a/posthog/caching/insight_cache.py
+++ b/posthog/caching/insight_cache.py
@@ -1,5 +1,4 @@
 from datetime import datetime, timedelta
-from time import perf_counter
 from typing import Any, Optional
 from uuid import UUID
 
@@ -8,9 +7,8 @@ from django.conf import settings
 from django.core.cache import cache
 from django.db import connection
 from django.utils.timezone import now
-from prometheus_client import Counter
+from prometheus_client import Counter, Gauge, Histogram
 from sentry_sdk.api import capture_exception
-from statshog.defaults.django import statsd
 
 from posthog.api.services.query import process_query_dict
 from posthog.clickhouse.query_tagging import tag_queries
@@ -25,7 +23,26 @@ logger = structlog.get_logger(__name__)
 REQUEUE_DELAY = timedelta(hours=2)
 MAX_ATTEMPTS = 3
 
-insight_cache_write_counter = Counter("posthog_cloud_insight_cache_write", "A write to the redis insight cache")
+INSIGHT_CACHE_WRITE_COUNTER = Counter("posthog_cloud_insight_cache_write", "A write to the redis insight cache")
+
+CACHE_UPDATE_SKIPPED_COUNTER = Counter(
+    "insight_cache_state_update_skipped", "Insight caching state is within target cache age and was not refreshed"
+)
+CACHE_UPDATE_SUCCEEDED_COUNTER = Counter(
+    "insight_cache_state_update_succeeded", "Insight cache was successfully refreshed", labelnames=["is_dashboard"]
+)
+CACHE_UPDATE_FAILED_COUNTER = Counter(
+    "insight_cache_state_update_failed", "Insight cache refresh failed", labelnames=["is_dashboard"]
+)
+CACHE_UPDATE_SHARED_GAUGE = Gauge(
+    "insight_cache_state_update_rows_updated",
+    "Number of rows updated during insight cache refresh. A single cache key can be shared by more than one insight/tile.",
+)
+CACHE_UPDATE_TIMING = Histogram(
+    "insight_cache_state_update_timing",
+    "Time spent updating the cache",
+    buckets=[0.1, 0.5, 1, 1.5, 2, 5, 10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60, 120, 240],
+)
 
 
 def schedule_cache_updates():
@@ -89,11 +106,10 @@ def update_cache(caching_state_id: UUID):
         caching_state.last_refresh is not None
         and now() - caching_state.last_refresh < timedelta(seconds=caching_state.target_cache_age_seconds)
     ):
-        statsd.incr("caching_state_update_skipped")
+        CACHE_UPDATE_SKIPPED_COUNTER.inc()
         return
 
     insight, dashboard = _extract_insight_dashboard(caching_state)
-    start_time = perf_counter()
 
     exception: Optional[Exception] = None
     cache_key: Optional[str] = None
@@ -126,42 +142,39 @@ def update_cache(caching_state_id: UUID):
             capture_exception(err, metadata)
             exception = err
 
-    duration = perf_counter() - start_time
-    if exception is None:
-        assert cache_key is not None
-        timestamp = now()
-        rows_updated = update_cached_state(
-            caching_state.team_id,
-            cache_key,
-            timestamp,
-            {"result": result, "type": cache_type, "last_refresh": timestamp} if result is not None else None,
-        )
-        statsd.incr("caching_state_update_success")
-        statsd.incr("caching_state_update_rows_updated", rows_updated)
-        statsd.timing("caching_state_update_success_timing", duration)
-        logger.warn(
-            "Re-calculated insight cache",
-            rows_updated=rows_updated,
-            duration=duration,
-            **metadata,
-        )
-    else:
-        logger.warn(
-            "Failed to re-calculate insight cache",
-            exception=exception,
-            duration=duration,
-            **metadata,
-            refresh_attempt=caching_state.refresh_attempt,
-        )
-        statsd.incr("caching_state_update_errors")
+    with CACHE_UPDATE_TIMING.time():
+        if exception is None:
+            assert cache_key is not None
+            timestamp = now()
+            rows_updated = update_cached_state(
+                caching_state.team_id,
+                cache_key,
+                timestamp,
+                {"result": result, "type": cache_type, "last_refresh": timestamp} if result is not None else None,
+            )
+            CACHE_UPDATE_SUCCEEDED_COUNTER.labels(is_dashboard=dashboard is not None).inc()
+            CACHE_UPDATE_SHARED_GAUGE.inc(rows_updated)
+            logger.warn(
+                "Re-calculated insight cache",
+                rows_updated=rows_updated,
+                **metadata,
+            )
+        else:
+            logger.warn(
+                "Failed to re-calculate insight cache",
+                exception=exception,
+                **metadata,
+                refresh_attempt=caching_state.refresh_attempt,
+            )
+            CACHE_UPDATE_FAILED_COUNTER.labels(is_dashboard=dashboard is not None).inc()
 
-        if caching_state.refresh_attempt < MAX_ATTEMPTS:
-            update_cache_task.apply_async(args=[caching_state_id], countdown=timedelta(minutes=10).total_seconds())
+            if caching_state.refresh_attempt < MAX_ATTEMPTS:
+                update_cache_task.apply_async(args=[caching_state_id], countdown=timedelta(minutes=10).total_seconds())
 
-        InsightCachingState.objects.filter(pk=caching_state.pk).update(
-            refresh_attempt=caching_state.refresh_attempt + 1,
-            last_refresh_queued_at=now(),
-        )
+            InsightCachingState.objects.filter(pk=caching_state.pk).update(
+                refresh_attempt=caching_state.refresh_attempt + 1,
+                last_refresh_queued_at=now(),
+            )
 
 
 def update_cached_state(
@@ -173,7 +186,7 @@ def update_cached_state(
 ):
     if result is not None:  # This is particularly the case for HogQL-based queries, which cache.set() on their own
         cache.set(cache_key, result, ttl if ttl is not None else settings.CACHED_RESULTS_TTL)
-    insight_cache_write_counter.inc()
+        INSIGHT_CACHE_WRITE_COUNTER.inc()
 
     # :TRICKY: We update _all_ states with same cache_key to avoid needless re-calculations and
     #   handle race conditions around cache_key changing.