diff --git a/lib/master-protocol.ts b/lib/master-protocol.ts
index 1e99470..7527b42 100644
--- a/lib/master-protocol.ts
+++ b/lib/master-protocol.ts
@@ -102,8 +102,13 @@ export interface FirmStats {
      *  payoutable flag or withdrawal stages, the test that reports its
      *  completions as 'payout' — null while the account has no type. Absent
      *  when the firm isn't synced (unknown, not empty). Optional: older
-     *  instances omit it. */
-    accounts?: { name: string; size: number; payoutable: boolean | null }[];
+     *  instances omit it.
+     *
+     *  withdrawals = how many times the balance has gone down for a payout
+     *  (negative fund transactions), which tells the master a completed
+     *  cycle's money is out. Omitted while the account's fund history hasn't
+     *  loaded, so a restart can't read as zero withdrawals. */
+    accounts?: { name: string; size: number; payoutable: boolean | null; withdrawals?: number }[];
     /** Per account type, summing to the firm's own totals. Optional so a master
      *  on an older build simply ignores it. */
     accountTypes?: AccountTypeStats[];
diff --git a/lib/reporter.ts b/lib/reporter.ts
index ae5ff7e..77ee0d9 100644
--- a/lib/reporter.ts
+++ b/lib/reporter.ts
@@ -93,7 +93,19 @@ function collectFirmStats() {
             const cash = client.accountCashBalances[acc.id] ?? { amount: 0, realizedPnL: 0 };
             const autoLiqThreshold = client.autoLiqThresholds[acc.id] ?? 0;
             const cfg = getAccountConfig(acc.id).accountType;
-            accounts.push({ name: acc.name, size: cfg?.accountSize ?? 0, payoutable: cfg ? loops(cfg) : null });
+            // undefined until the account's fund history has loaded. The master
+            // clears a completed cycle once the withdrawal it was waiting for
+            // shows up here, so an account that hasn't loaded reports no count
+            // at all rather than a zero: undercounting only leaves the entry
+            // standing, while a wrong zero would clear one early.
+            const loadedFundTxns = client.fundTransactions?.[acc.id];
+            const fundTxns = loadedFundTxns ?? [];
+            accounts.push({
+                name: acc.name,
+                size: cfg?.accountSize ?? 0,
+                payoutable: cfg ? loops(cfg) : null,
+                ...(loadedFundTxns ? { withdrawals: loadedFundTxns.filter((f) => f.amount < 0).length } : {}),
+            });
             // 0 = no floor; negative floors are reconstructed TopstepX MLLs.
             const isDead = autoLiqThreshold !== 0 && cash.amount <= autoLiqThreshold;
             if (isDead) continue;
@@ -117,7 +129,6 @@ function collectFirmStats() {
             // Stage-resolved config, shared by the payout state and the
             // day-outcome check below — a drain stage swaps in its own
             // min-day and drops the profit target.
-            const fundTxns = client.fundTransactions?.[acc.id] ?? [];
             const effective = cfg ? resolveEffectiveConfig(
                 cfg.profitTarget, cfg.consistency, cfg.minTradingDays,
                 cfg.targetSameEquity, cfg.withdrawalStages,
@@ -227,7 +238,7 @@ function collectFirmStats() {
             // restart the missing rows and withdrawals would read as a fresh
             // stage-1 cycle.
             const historyLoaded = client.dailyPnL[acc.id] !== undefined
-                && client.fundTransactions?.[acc.id] !== undefined;
+                && loadedFundTxns !== undefined;
 
             // Catch-up for the cycle a fund transaction just ended: if it stood
             // complete, name it, since its final day may never have been