diff --git a/libs/analytics-events/EVENTS.md b/libs/analytics-events/EVENTS.md
index 8dc934fb50..667a6c1c63 100644
--- a/libs/analytics-events/EVENTS.md
+++ b/libs/analytics-events/EVENTS.md
@@ -301,7 +301,7 @@ No properties.
 
 ### Sent Cash
 
-Cash was sent to a person or to several people, or a share of a payment request was paid. `Context` says which: Direct for a send to one person, Group Send for a send to several members of a group, Payment Request for paying a share. `Recipient Count` is the number of members paid and is sent for a Group Send only.
+Cash was sent to a person or to several people, or a share of a payment request was paid. `Context` says which: Direct for a send to one person, Group Send for a send to several members of a group, Payment Request for paying a share, Send Back for returning a DM's opening payment. `Recipient Count` is the number of members paid and is sent for a Group Send only.
 
 | Property | Type | Optional | Values |
 |---|---|---|---|
@@ -313,6 +313,14 @@ Cash was sent to a person or to several people, or a share of a payment request
 
 > **Drift:** iOS sends Exchange Rate and no USDC (see Amount).
 
+### Send Back: Tapped
+
+The receiver of a DM's opening payment tapped Send Back. `Has Balance` is false when their balance of the payment's token is too low, so the insufficient-balance modal showed instead of the confirm sheet.
+
+| Property | Type | Optional | Values |
+|---|---|---|---|
+| Has Balance | yes/no | no | |
+
 ### Sent Tip
 
 | Property | Type | Optional | Values |
@@ -806,6 +814,7 @@ The `Context` property on Sent Cash: which send the payment came from.
 | Direct | `DIRECT` | |
 | Group Send | `GROUP_SEND` | |
 | Payment Request | `PAYMENT_REQUEST` | |
+| Send Back | `SEND_BACK` | |
 
 ### AddMoneySource
 
diff --git a/libs/analytics-events/events.toml b/libs/analytics-events/events.toml
index 84e2c4add2..f3491567e9 100644
--- a/libs/analytics-events/events.toml
+++ b/libs/analytics-events/events.toml
@@ -86,6 +86,7 @@ description = "The `Context` property on Sent Cash: which send the payment came
 DIRECT = "Direct"
 GROUP_SEND = "Group Send"
 PAYMENT_REQUEST = "Payment Request"
+SEND_BACK = "Send Back"
 
 [lists.AddMoneySource]
 description = "The `Source` property on Add Money: Opened: where the user opened Add Money from."
@@ -595,9 +596,18 @@ properties = [
   { name = "Context", type = "SendContext", optional = true },
   { name = "Recipient Count", type = "count", optional = true },
 ]
-description = "Cash was sent to a person or to several people, or a share of a payment request was paid. `Context` says which: Direct for a send to one person, Group Send for a send to several members of a group, Payment Request for paying a share. `Recipient Count` is the number of members paid and is sent for a Group Send only."
+description = "Cash was sent to a person or to several people, or a share of a payment request was paid. `Context` says which: Direct for a send to one person, Group Send for a send to several members of a group, Payment Request for paying a share, Send Back for returning a DM's opening payment. `Recipient Count` is the number of members paid and is sent for a Group Send only."
 drift = "iOS sends Exchange Rate and no USDC (see Amount)."
 
+[[event]]
+domain = "Transfer"
+name = "Send Back: Tapped"
+builder = "sendBackTapped"
+properties = [
+  { name = "Has Balance", type = "yes/no" },
+]
+description = "The receiver of a DM's opening payment tapped Send Back. `Has Balance` is false when their balance of the payment's token is too low, so the insufficient-balance modal showed instead of the confirm sheet."
+
 [[event]]
 domain = "Transfer"
 name = "Sent Tip"
diff --git a/libs/analytics-events/src/commonTest/kotlin/com/flipcash/analytics/TransferEventsTest.kt b/libs/analytics-events/src/commonTest/kotlin/com/flipcash/analytics/TransferEventsTest.kt
index 89e7277dbf..a35c3469e3 100644
--- a/libs/analytics-events/src/commonTest/kotlin/com/flipcash/analytics/TransferEventsTest.kt
+++ b/libs/analytics-events/src/commonTest/kotlin/com/flipcash/analytics/TransferEventsTest.kt
@@ -130,6 +130,19 @@ class TransferEventsTest {
         assertEquals(PropertyValue.Text("Direct"), context(SendContext.DIRECT))
         assertEquals(PropertyValue.Text("Group Send"), context(SendContext.GROUP_SEND))
         assertEquals(PropertyValue.Text("Payment Request"), context(SendContext.PAYMENT_REQUEST))
+        assertEquals(PropertyValue.Text("Send Back"), context(SendContext.SEND_BACK))
+    }
+
+    @Test
+    fun sendBackTappedCarriesHasBalance() {
+        assertEquals(
+            AnalyticsEvent("Send Back: Tapped", mapOf("Has Balance" to PropertyValue.Flag(true))),
+            TransferEvents.sendBackTapped(true),
+        )
+        assertEquals(
+            AnalyticsEvent("Send Back: Tapped", mapOf("Has Balance" to PropertyValue.Flag(false))),
+            TransferEvents.sendBackTapped(false),
+        )
     }
 
     @Test