diff --git a/ts/axo/AxoButton.dom.tsx b/ts/axo/AxoButton.dom.tsx
index 7968cdfc3f..34db17ad5c 100644
--- a/ts/axo/AxoButton.dom.tsx
+++ b/ts/axo/AxoButton.dom.tsx
@@ -4,11 +4,10 @@ import { memo, useCallback } from 'react';
 import type { FC, ReactNode, JSX, MouseEvent, Ref } from 'react';
 import { tw } from './tw.dom.tsx';
 import { AxoSymbol } from './AxoSymbol.dom.tsx';
-import type { SpinnerVariant } from '../components/SpinnerV2.dom.tsx';
-import { SpinnerV2 } from '../components/SpinnerV2.dom.tsx';
 import { useAxoIntl } from './_internal/AxoIntl.dom.tsx';
 import { variants } from './_internal/variants.dom.tsx';
 import { forwardExtraPropsForRadix } from './_internal/props.dom.tsx';
+import { AxoBaseSpinner } from './status/_AxoBaseSpinner.dom.tsx';
 
 /**
  * A text button with optional leading icon and trailing arrow.
@@ -399,57 +398,53 @@ export namespace AxoButton {
    * -------------------
    */
 
-  const SpinnerVariants = variants<Variant, SpinnerVariant>(
+  const SpinnerVariants = variants<Variant, AxoBaseSpinner.Variant>(
     'AxoButton.Variant',
     {
-      'strong-primary': 'axo-button-spinner-oncolor',
-      'strong-secondary': 'axo-button-spinner-secondary',
-      'strong-affirmative': 'axo-button-spinner-oncolor',
-      'strong-warning': 'axo-button-spinner-oncolor',
-      'strong-destructive': 'axo-button-spinner-oncolor',
-      'subtle-primary': 'axo-button-spinner-primary',
-      'subtle-secondary': 'axo-button-spinner-secondary',
-      'subtle-affirmative': 'axo-button-spinner-affirmative',
-      'subtle-warning': 'axo-button-spinner-warning',
-      'subtle-destructive': 'axo-button-spinner-destructive',
-      'elevated-secondary': 'axo-button-spinner-secondary',
-      'implied-primary': 'axo-button-spinner-primary',
-      'implied-secondary': 'axo-button-spinner-secondary',
-      'implied-affirmative': 'axo-button-spinner-affirmative',
-      'implied-destructive': 'axo-button-spinner-destructive',
-      'message-incoming-primary': 'axo-button-spinner-oncolor',
-      'message-outgoing-primary': 'axo-button-spinner-secondary',
+      'strong-primary': 'oncolor',
+      'strong-secondary': 'default',
+      'strong-affirmative': 'oncolor',
+      'strong-warning': 'oncolor',
+      'strong-destructive': 'oncolor',
+      'subtle-primary': 'default',
+      'subtle-secondary': 'default',
+      'subtle-affirmative': 'default',
+      'subtle-warning': 'default',
+      'subtle-destructive': 'default',
+      'elevated-secondary': 'default',
+      'implied-primary': 'default',
+      'implied-secondary': 'default',
+      'implied-affirmative': 'default',
+      'implied-destructive': 'default',
+      'message-incoming-primary': 'default',
+      'message-outgoing-primary': 'default',
     }
   );
 
-  type SpinnerSizeConfig = Readonly<{
-    size: number;
-    strokeWidth: number;
-  }>;
-
-  const SpinnerSizes = variants<Size, SpinnerSizeConfig>('AxoButton.Size', {
-    lg: { size: 20, strokeWidth: 2 },
-    md: { size: 20, strokeWidth: 2 },
-    sm: { size: 16, strokeWidth: 1.5 },
+  const SpinnerSizes = variants<Size, number>('AxoButton.Size', {
+    lg: 18,
+    md: 18,
+    sm: 16,
   });
 
   /** @internal */
   type SpinnerProps = Readonly<{
-    buttonVariant: Variant;
     buttonSize: Size;
+    buttonVariant: Variant;
   }>;
 
   /** @internal */
   function Spinner(props: SpinnerProps): JSX.Element {
+    const size = SpinnerSizes.get(props.buttonSize);
     const variant = SpinnerVariants.get(props.buttonVariant);
-    const sizeConfig = SpinnerSizes.get(props.buttonSize);
     return (
       <span className={tw('absolute inset-0 flex items-center justify-center')}>
-        <SpinnerV2
-          size={sizeConfig.size}
-          strokeWidth={sizeConfig.strokeWidth}
+        <AxoBaseSpinner.Root
+          size={size}
+          weight="regular"
           variant={variant}
           value="indeterminate"
+          track={false}
         />
       </span>
     );
diff --git a/ts/axo/AxoIconButton.dom.tsx b/ts/axo/AxoIconButton.dom.tsx
index a838b55237..ea3e1435a6 100644
--- a/ts/axo/AxoIconButton.dom.tsx
+++ b/ts/axo/AxoIconButton.dom.tsx
@@ -4,12 +4,11 @@ import type { FC, Ref, MouseEvent, FocusEvent } from 'react';
 import { memo, useCallback, useMemo } from 'react';
 import { AxoSymbol } from './AxoSymbol.dom.tsx';
 import { tw } from './tw.dom.tsx';
-import type { SpinnerVariant } from '../components/SpinnerV2.dom.tsx';
-import { SpinnerV2 } from '../components/SpinnerV2.dom.tsx';
 import { AxoTooltip } from './AxoTooltip.dom.tsx';
 import { useAxoIntl } from './_internal/AxoIntl.dom.tsx';
 import { variants } from './_internal/variants.dom.tsx';
 import { forwardExtraPropsForRadix } from './_internal/props.dom.tsx';
+import { AxoBaseSpinner } from './status/_AxoBaseSpinner.dom.tsx';
 
 /**
  * A circular icon-only button with an accessible label and built-in tooltip.
@@ -360,51 +359,50 @@ export namespace AxoIconButton {
    * --------------------------------------------------------------------------
    */
 
-  const SpinnerVariants = variants<Variant, SpinnerVariant>(
+  const SpinnerVariants = variants<Variant, AxoBaseSpinner.Variant>(
     'AxoIconButton.Variant',
     {
-      'strong-primary': 'axo-button-spinner-oncolor',
-      'strong-secondary': 'axo-button-spinner-secondary',
-      'strong-affirmative': 'axo-button-spinner-oncolor',
-      'strong-warning': 'axo-button-spinner-onbright',
-      'strong-destructive': 'axo-button-spinner-oncolor',
-      'subtle-primary': 'axo-button-spinner-primary',
-      'subtle-secondary': 'axo-button-spinner-secondary',
-      'subtle-affirmative': 'axo-button-spinner-affirmative',
-      'subtle-warning': 'axo-button-spinner-warning',
-      'subtle-destructive': 'axo-button-spinner-destructive',
-      'elevated-secondary': 'axo-button-spinner-secondary',
-      'material-subtle': 'axo-button-spinner-secondary',
-      'material-strong': 'axo-button-spinner-secondary',
-      'implied-secondary': 'axo-button-spinner-secondary',
+      'strong-primary': 'oncolor',
+      'strong-secondary': 'default',
+      'strong-affirmative': 'oncolor',
+      'strong-warning': 'oncolor',
+      'strong-destructive': 'oncolor',
+      'subtle-primary': 'default',
+      'subtle-secondary': 'default',
+      'subtle-affirmative': 'default',
+      'subtle-warning': 'default',
+      'subtle-destructive': 'default',
+      'elevated-secondary': 'default',
+      'material-subtle': 'default',
+      'material-strong': 'default',
+      'implied-secondary': 'default',
     }
   );
 
-  type SpinnerSizeConfig = { size: number; strokeWidth: number };
-
-  const SpinnerSizes = variants<Size, SpinnerSizeConfig>('AxoIconButton.Size', {
-    lg: { size: 20, strokeWidth: 2 },
-    md: { size: 20, strokeWidth: 2 },
-    sm: { size: 16, strokeWidth: 1.5 },
+  const SpinnerSizes = variants<Size, number>('AxoIconButton.Size', {
+    lg: 18,
+    md: 18,
+    sm: 16,
   });
 
   /** @internal */
   type SpinnerProps = Readonly<{
-    buttonVariant: Variant;
     buttonSize: Size;
+    buttonVariant: Variant;
   }>;
 
   /** @internal */
   const Spinner: FC<SpinnerProps> = memo(props => {
+    const size = SpinnerSizes.get(props.buttonSize);
     const variant = SpinnerVariants.get(props.buttonVariant);
-    const sizeConfig = SpinnerSizes.get(props.buttonSize);
     return (
       <span className={tw('absolute inset-0 flex items-center justify-center')}>
-        <SpinnerV2
-          size={sizeConfig.size}
-          strokeWidth={sizeConfig.strokeWidth}
+        <AxoBaseSpinner.Root
+          size={size}
+          weight="regular"
           variant={variant}
           value="indeterminate"
+          track={false}
         />
       </span>
     );
diff --git a/ts/axo/AxoStackedButton.dom.tsx b/ts/axo/AxoStackedButton.dom.tsx
index 0dc08e2d5c..36c164ead1 100644
--- a/ts/axo/AxoStackedButton.dom.tsx
+++ b/ts/axo/AxoStackedButton.dom.tsx
@@ -7,8 +7,8 @@ import { tw } from './tw.dom.tsx';
 import { FlexWrapDetector } from './_internal/FlexWrapDetector.dom.tsx';
 import { variants } from './_internal/variants.dom.tsx';
 import { useAxoIntl } from './_internal/AxoIntl.dom.tsx';
-import { SpinnerV2 } from '../components/SpinnerV2.dom.tsx';
 import { forwardExtraPropsForRadix } from './_internal/props.dom.tsx';
+import { AxoBaseSpinner } from './status/_AxoBaseSpinner.dom.tsx';
 
 /**
  * An icon-button + text displayed as a stack, and can be placed in a row.
@@ -197,11 +197,12 @@ export namespace AxoStackedButton {
   const Spinner: FC = memo(() => {
     return (
       <span className={tw('absolute inset-0 flex items-center justify-center')}>
-        <SpinnerV2
-          size={20}
-          strokeWidth={2}
-          variant="axo-button-spinner-secondary"
+        <AxoBaseSpinner.Root
+          size={18}
+          weight="regular"
+          variant="default"
           value="indeterminate"
+          track={false}
         />
       </span>
     );
diff --git a/ts/axo/_internal/AxoMath.dom.tsx b/ts/axo/_internal/AxoMath.dom.tsx
new file mode 100644
index 0000000000..ecd1930a2a
--- /dev/null
+++ b/ts/axo/_internal/AxoMath.dom.tsx
@@ -0,0 +1,36 @@
+// Copyright 2026 Signal Messenger, LLC
+// SPDX-License-Identifier: AGPL-3.0-only
+
+import { assert } from './assert.std.tsx';
+
+export namespace AxoMath {
+  export function clamp(value: number, min: number, max: number): number {
+    if (value < min) {
+      return min;
+    }
+    if (value > max) {
+      return max;
+    }
+    return value;
+  }
+
+  /** Works the same way as CSS `progress([no-clamp] <min> <value> <max>)` */
+  export function progress(
+    value: number,
+    min: number,
+    max: number,
+    noClamp?: boolean
+  ): number {
+    assert(max > min, 'max must be greater than min');
+    const result = (value - min) / (max - min);
+    return noClamp ? result : clamp(result, 0, 1);
+  }
+
+  export function circumference(radius: number): number {
+    return radius * 2 * Math.PI;
+  }
+
+  export function pseudoRandomInt(min: number, max: number): number {
+    return min + Math.floor(Math.random() * (max - min + 1));
+  }
+}
diff --git a/ts/axo/_tailwind-theme/animations.css b/ts/axo/_tailwind-theme/animations.css
index 899bd17da7..2fa710c791 100644
--- a/ts/axo/_tailwind-theme/animations.css
+++ b/ts/axo/_tailwind-theme/animations.css
@@ -8,8 +8,12 @@
   --default-animation-timing-function: var(--ease-out-cubic);
 
   --animate-*: initial; /* reset defaults */
+
   --animate-spinner-v2-rotate: animate-spinner-v2-rotate 2s linear infinite;
   --animate-spinner-v2-dash: animate-spinner-v2-dash 1.5s ease-in-out infinite;
+
+  --animate-axo-spinner-rotate: animate-axo-spinner-rotate 2s linear infinite;
+  --animate-axo-spinner-dash: animate-axo-spinner-dash 1.5s ease-in-out infinite;
 }
 
 @layer base {
@@ -37,3 +41,32 @@
     }
   }
 }
+
+@keyframes axo-spinner-rotate {
+  0% {
+    transform: rotate(-180deg);
+  }
+  100% {
+    transform: rotate(180deg);
+  }
+}
+
+/* Note: 9999 is just a large gap to prevent the sequence from repeating */
+/* prettier-ignore */
+@keyframes axo-spinner-dash {
+  0% {
+    stroke-dashoffset: 0;
+    stroke-dasharray: 1, 9999;
+    transform: rotate(0deg);
+  }
+  50% {
+    stroke-dashoffset: 0;
+    stroke-dasharray: 180%, 9999;
+    transform: rotate(90deg);
+  }
+  100% {
+    stroke-dashoffset: 0;
+    stroke-dasharray: 1, 9999;
+    transform: rotate(360deg);
+  }
+}
diff --git a/ts/axo/_tailwind.css b/ts/axo/_tailwind.css
index c52465e53b..0c89839c1f 100644
--- a/ts/axo/_tailwind.css
+++ b/ts/axo/_tailwind.css
@@ -23,5 +23,5 @@
 @import './_tailwind-theme/z-index.css';
 
 @import './AxoDragRegions.css';
-@import './AxoSelect.css';
 @import './AxoScrollArea.css';
+@import './AxoSelect.css';
diff --git a/ts/axo/status/AxoLoadingIndicator.dom.stories.tsx b/ts/axo/status/AxoLoadingIndicator.dom.stories.tsx
new file mode 100644
index 0000000000..6cf96860af
--- /dev/null
+++ b/ts/axo/status/AxoLoadingIndicator.dom.stories.tsx
@@ -0,0 +1,35 @@
+// Copyright 2026 Signal Messenger, LLC
+// SPDX-License-Identifier: AGPL-3.0-only
+import type { ReactNode } from 'react';
+import type { Meta } from '@storybook/react';
+import { AxoLoadingIndicator } from './AxoLoadingIndicator.dom.tsx';
+import { tw } from '../tw.dom.tsx';
+
+export default {
+  title: 'Axo/Status/AxoLoadingIndicator',
+} satisfies Meta;
+
+export function Basic(): ReactNode {
+  return <AxoLoadingIndicator.Root size="md" />;
+}
+
+export function Sizes(): ReactNode {
+  return (
+    <div className={tw('flex gap-2')}>
+      <AxoLoadingIndicator.Root size="sm" />
+      <AxoLoadingIndicator.Root size="md" />
+      <AxoLoadingIndicator.Root size="lg" />
+    </div>
+  );
+}
+
+export function Weights(): ReactNode {
+  return (
+    <div className={tw('flex gap-2')}>
+      <AxoLoadingIndicator.Root size="md" weight="thin" />
+      <AxoLoadingIndicator.Root size="md" weight="light" />
+      <AxoLoadingIndicator.Root size="md" weight="regular" />
+      <AxoLoadingIndicator.Root size="md" weight="medium" />
+    </div>
+  );
+}
diff --git a/ts/axo/status/AxoLoadingIndicator.dom.tsx b/ts/axo/status/AxoLoadingIndicator.dom.tsx
new file mode 100644
index 0000000000..52cc557739
--- /dev/null
+++ b/ts/axo/status/AxoLoadingIndicator.dom.tsx
@@ -0,0 +1,44 @@
+// Copyright 2026 Signal Messenger, LLC
+// SPDX-License-Identifier: AGPL-3.0-only
+import type { FC } from 'react';
+import { memo } from 'react';
+import { AxoBaseSpinner } from './_AxoBaseSpinner.dom.tsx';
+
+export namespace AxoLoadingIndicator {
+  /**
+   * <AxoLoadingIndicator.Root>
+   * --------------------------------------------------------------------------
+   */
+
+  /**
+   * Preset sizes for standalone loading indicators, the base spinner can be
+   * customized to any size, but we should primarily use that internally in
+   * other Axo components.
+   */
+  export type Size = 'sm' | 'md' | 'lg';
+
+  /**
+   * The stroke width of the spinner.
+   * TODO: We might automate this based on size.
+   */
+  export type Weight = AxoBaseSpinner.Weight;
+
+  export type RootProps = Readonly<{
+    size: Size;
+    weight?: Weight;
+  }>;
+
+  export const Root: FC<RootProps> = memo(props => {
+    return (
+      <AxoBaseSpinner.Root
+        size={props.size}
+        weight={props.weight ?? 'regular'}
+        variant="default"
+        value="indeterminate"
+        track={false}
+      />
+    );
+  });
+
+  Root.displayName = 'AxoLoadingIndicator.Root';
+}
diff --git a/ts/axo/status/AxoProgressIndicator.dom.stories.tsx b/ts/axo/status/AxoProgressIndicator.dom.stories.tsx
new file mode 100644
index 0000000000..7e2950f575
--- /dev/null
+++ b/ts/axo/status/AxoProgressIndicator.dom.stories.tsx
@@ -0,0 +1,140 @@
+// Copyright 2026 Signal Messenger, LLC
+// SPDX-License-Identifier: AGPL-3.0-only
+import type { ReactNode } from 'react';
+import { useEffect, useId, useState } from 'react';
+import type { Meta } from '@storybook/react';
+import { AxoProgressIndicator } from './AxoProgressIndicator.dom.tsx';
+import { tw } from '../tw.dom.tsx';
+import { AxoMath } from '../_internal/AxoMath.dom.tsx';
+import { AxoCheckbox } from '../AxoCheckbox.dom.tsx';
+
+export default {
+  title: 'Axo/Status/AxoProgressIndicator',
+} satisfies Meta;
+
+function useFakeProgress(): { total: number; completed: number } {
+  const [completed, setCompleted] = useState(0);
+  const total = 100;
+
+  useEffect(() => {
+    let timer: ReturnType<typeof setTimeout> | undefined;
+    let current = 0;
+
+    function set(value: number) {
+      current = value;
+      setCompleted(value);
+    }
+
+    function next() {
+      if (current >= total) {
+        // reset
+        timer = setTimeout(() => {
+          set(0);
+          timer = setTimeout(() => {
+            next();
+          }, 500);
+        }, 500);
+        return;
+      }
+
+      const wait = AxoMath.pseudoRandomInt(100, 500);
+      const increment = AxoMath.pseudoRandomInt(5, 20);
+
+      timer = setTimeout(() => {
+        set(AxoMath.clamp(current + increment, 0, total));
+        next();
+      }, wait);
+    }
+
+    next();
+
+    return () => {
+      clearTimeout(timer);
+    };
+  }, [total]);
+
+  return { completed, total };
+}
+
+export function Basic(): ReactNode {
+  const { total, completed } = useFakeProgress();
+  return (
+    <AxoProgressIndicator.Root size="md" total={total} completed={completed} />
+  );
+}
+
+export function NoTrack(): ReactNode {
+  const progress = useFakeProgress();
+  return <AxoProgressIndicator.Root size="md" noTrack {...progress} />;
+}
+
+type CheckboxProps = Readonly<{
+  label: string;
+  checked: boolean;
+  onCheckedChange: (checked: boolean) => void;
+}>;
+
+function Checkbox(props: CheckboxProps) {
+  const id = useId();
+
+  return (
+    <div className={tw('flex gap-2')}>
+      <AxoCheckbox.Root
+        id={id}
+        variant="square"
+        checked={props.checked}
+        onCheckedChange={props.onCheckedChange}
+      />
+      <label htmlFor={id}>{props.label}</label>
+    </div>
+  );
+}
+
+export function Indeterminate(): ReactNode {
+  const [completed, setCompleted] = useState(false);
+  const [total, setTotal] = useState(true);
+
+  return (
+    <>
+      <Checkbox
+        checked={completed}
+        onCheckedChange={setCompleted}
+        label="Known completed amount"
+      />
+      <Checkbox
+        checked={total}
+        onCheckedChange={setTotal}
+        label="Known total amount"
+      />
+      <AxoProgressIndicator.Root
+        size="md"
+        noTrack
+        completed={completed ? 30 : 'indeterminate'}
+        total={total ? 100 : 'indeterminate'}
+      />
+    </>
+  );
+}
+
+export function Sizes(): ReactNode {
+  const progress = useFakeProgress();
+  return (
+    <div className={tw('flex gap-2')}>
+      <AxoProgressIndicator.Root size="sm" {...progress} />
+      <AxoProgressIndicator.Root size="md" {...progress} />
+      <AxoProgressIndicator.Root size="lg" {...progress} />
+    </div>
+  );
+}
+
+export function Weights(): ReactNode {
+  const progress = useFakeProgress();
+  return (
+    <div className={tw('flex gap-2')}>
+      <AxoProgressIndicator.Root size="md" weight="thin" {...progress} />
+      <AxoProgressIndicator.Root size="md" weight="light" {...progress} />
+      <AxoProgressIndicator.Root size="md" weight="regular" {...progress} />
+      <AxoProgressIndicator.Root size="md" weight="medium" {...progress} />
+    </div>
+  );
+}
diff --git a/ts/axo/status/AxoProgressIndicator.dom.tsx b/ts/axo/status/AxoProgressIndicator.dom.tsx
new file mode 100644
index 0000000000..e18a5108f2
--- /dev/null
+++ b/ts/axo/status/AxoProgressIndicator.dom.tsx
@@ -0,0 +1,55 @@
+// Copyright 2026 Signal Messenger, LLC
+// SPDX-License-Identifier: AGPL-3.0-only
+import type { FC } from 'react';
+import { memo, useMemo } from 'react';
+import { AxoBaseSpinner } from './_AxoBaseSpinner.dom.tsx';
+
+export namespace AxoProgressIndicator {
+  /**
+   * <AxoProgressIndicator.Root>
+   * --------------------------------------------------------------------------
+   */
+
+  /**
+   * Preset sizes for standalone spinners, the base spinner can be customized
+   * to any size, but we should primarily use that internally in Axo components.
+   */
+  export type Size = 'sm' | 'md' | 'lg';
+
+  /**
+   * The stroke width of the spinner.
+   * TODO: We might automate this based on size.
+   */
+  export type Weight = AxoBaseSpinner.Weight;
+
+  export type RootProps = Readonly<{
+    size: Size;
+    weight?: Weight;
+    completed: number | 'indeterminate';
+    total: number | 'indeterminate';
+    noTrack?: boolean;
+  }>;
+
+  export const Root: FC<RootProps> = memo(props => {
+    const { completed, total } = props;
+
+    const value = useMemo((): AxoBaseSpinner.Value => {
+      if (completed === 'indeterminate' || total === 'indeterminate') {
+        return 'indeterminate';
+      }
+      return { completed, total };
+    }, [completed, total]);
+
+    return (
+      <AxoBaseSpinner.Root
+        size={props.size}
+        weight={props.weight ?? 'regular'}
+        variant="default"
+        value={value}
+        track={!props.noTrack}
+      />
+    );
+  });
+
+  Root.displayName = 'AxoProgressIndicator.Root';
+}
diff --git a/ts/axo/status/_AxoBaseSpinner.dom.tsx b/ts/axo/status/_AxoBaseSpinner.dom.tsx
new file mode 100644
index 0000000000..1293109b46
--- /dev/null
+++ b/ts/axo/status/_AxoBaseSpinner.dom.tsx
@@ -0,0 +1,162 @@
+// Copyright 2026 Signal Messenger, LLC
+// SPDX-License-Identifier: AGPL-3.0-only
+
+import type { FC, SVGProps } from 'react';
+import { memo, useMemo } from 'react';
+import { tw } from '../tw.dom.tsx';
+import { variants } from '../_internal/variants.dom.tsx';
+import { AxoMath } from '../_internal/AxoMath.dom.tsx';
+
+export namespace AxoBaseSpinner {
+  /**
+   * Preset sizes for standalone spinners, the base spinner can be customized
+   * to any size, but we should primarily use that internally in Axo components.
+   */
+  export type Size = 'sm' | 'md' | 'lg';
+
+  /**
+   * The stroke width of the spinner.
+   * TODO: We might automate this based on size.
+   */
+  export type Weight = 'medium' | 'regular' | 'light' | 'thin';
+
+  /**
+   * The color variants
+   */
+  export type Variant = 'default' | 'oncolor';
+
+  const Sizes = variants<Size, number>('AxoBaseSpinner.Size', {
+    sm: 16,
+    md: 24,
+    lg: 36,
+  });
+
+  const Weights = variants<Weight, number>('AxoBaseSpinner.Weight', {
+    medium: 2,
+    regular: 1.8,
+    light: 1.5,
+    thin: 1.2,
+  });
+
+  const TrackVariants = variants<Variant>('AxoBaseSpinner.Variant', {
+    default: tw('stroke-(--axo-color-fill-secondary)'),
+    oncolor: tw('stroke-(--axo-color-label-disabled-oncolor)'),
+  });
+
+  const ProgressVariants = variants<Variant>('AxoBaseSpinner.Variant', {
+    default: tw('stroke-(--axo-color-label-primary)'),
+    oncolor: tw('stroke-(--axo-color-label-primary-oncolor)'),
+  });
+
+  export type ProgressValue = Readonly<{
+    completed: number;
+    total: number;
+  }>;
+
+  export type IndeterminateValue = 'indeterminate';
+
+  export type Value = ProgressValue | IndeterminateValue;
+
+  export type RootProps = Readonly<{
+    size: Size | number;
+    weight: Weight;
+    variant: Variant;
+    value: Value;
+    track: boolean;
+  }>;
+
+  export const Root: FC<RootProps> = memo(props => {
+    const { value } = props;
+
+    const size =
+      typeof props.size === 'number' ? props.size : Sizes.get(props.size);
+    const strokeWidth = Weights.get(props.weight);
+    const center = size / 2;
+    const radius = size / 2 - strokeWidth / 2;
+
+    const svgProps = useMemo((): SVGProps<SVGSVGElement> => {
+      if (value === 'indeterminate') {
+        return {
+          role: 'progressbar',
+          // without aria-valuenow/etc this is indeterminate
+        };
+      }
+
+      return {
+        role: 'progressbar',
+        'aria-valuenow': value.completed,
+        'aria-valuemin': 0,
+        'aria-valuemax': value.total,
+      };
+    }, [value]);
+
+    const progressProps = useMemo((): SVGProps<SVGCircleElement> => {
+      if (value === 'indeterminate') {
+        return {
+          className: tw('animate-axo-spinner-dash'),
+        };
+      }
+
+      const circumference = AxoMath.circumference(radius);
+      const progress = AxoMath.progress(value.completed, 0, value.total);
+
+      return {
+        className: tw(
+          'transition-[stroke-dashoffset] duration-500 ease-out-cubic'
+        ),
+        // setting the strokeDashArray to be the circumference of the ring
+        // means each dash will cover the whole ring
+        strokeDasharray: circumference,
+        // offsetting the dash as a fraction of the circumference allows
+        // showing the progress
+        strokeDashoffset: (1 - progress) * circumference,
+      };
+    }, [value, radius]);
+
+    return (
+      <svg
+        {...svgProps}
+        width={size}
+        height={size}
+        viewBox={`0 0 ${size} ${size}`}
+        fill="none"
+        xmlns="http://www.w3.org/2000/svg"
+      >
+        {/* Track is only allowed for progress values */}
+        {value !== 'indeterminate' && props.track && (
+          <circle
+            cx={center}
+            cy={center}
+            r={radius}
+            className={TrackVariants.get(props.variant)}
+            strokeWidth={strokeWidth}
+          />
+        )}
+        <g
+          className={tw(
+            'origin-center',
+            value === 'indeterminate'
+              ? 'animate-axo-spinner-rotate'
+              : '-rotate-90'
+          )}
+        >
+          <circle
+            {...progressProps}
+            className={tw(
+              ProgressVariants.get(props.variant),
+              'fill-none',
+              progressProps.className
+            )}
+            cx={center}
+            cy={center}
+            r={radius}
+            strokeLinecap="round"
+            strokeWidth={strokeWidth}
+          />
+        </g>
+      </svg>
+    );
+  });
+
+  Root.displayName = 'AxoBaseSpinner.Root';
+}