diff --git a/README.md b/README.md
index 58c0193..daddcfc 100644
--- a/README.md
+++ b/README.md
@@ -110,6 +110,7 @@ Options:
   -v, --verbose            Debug logging
   -q, --quiet              Errors only
   --cprofile [FILE]        Enable cProfile, dump to FILE (default: s5p.prof)
+  --tracemalloc [N]        Enable tracemalloc, show top N allocators on exit (default: 10)
   -V, --version            Show version
 ```
 
diff --git a/docs/CHEATSHEET.md b/docs/CHEATSHEET.md
index c338fcc..e6db104 100644
--- a/docs/CHEATSHEET.md
+++ b/docs/CHEATSHEET.md
@@ -17,6 +17,8 @@ s5p -m 512                                 # max concurrent connections
 s5p --api 127.0.0.1:1081                   # enable control API
 s5p --cprofile                              # profile to s5p.prof
 s5p --cprofile out.prof                     # profile to custom file
+s5p --tracemalloc                           # memory profile (top 10)
+s5p --tracemalloc 20                        # memory profile (top 20)
 ```
 
 ## Container
diff --git a/docs/USAGE.md b/docs/USAGE.md
index eea824e..e0e0356 100644
--- a/docs/USAGE.md
+++ b/docs/USAGE.md
@@ -419,6 +419,15 @@ s5p --cprofile output.prof -c config/s5p.yaml
 
 # Analyze after stopping
 python -m pstats s5p.prof
+
+# Memory profiling with tracemalloc (top 10 allocators on exit)
+s5p --tracemalloc -c config/s5p.yaml
+
+# Show top 20 allocators
+s5p --tracemalloc 20 -c config/s5p.yaml
+
+# Both profilers simultaneously
+s5p --cprofile --tracemalloc -c config/s5p.yaml
 ```
 
 ## Testing the Proxy
diff --git a/src/s5p/cli.py b/src/s5p/cli.py
index 718d705..6991aed 100644
--- a/src/s5p/cli.py
+++ b/src/s5p/cli.py
@@ -62,6 +62,10 @@ def _parse_args(argv: list[str] | None = None) -> argparse.Namespace:
         "--cprofile", metavar="FILE", nargs="?", const="s5p.prof",
         help="enable cProfile, dump stats to FILE (default: s5p.prof)",
     )
+    p.add_argument(
+        "--tracemalloc", metavar="N", nargs="?", const=10, type=int,
+        help="enable tracemalloc, show top N allocators on exit (default: 10)",
+    )
     return p.parse_args(argv)
 
 
@@ -112,6 +116,11 @@ def main(argv: list[str] | None = None) -> int:
         config.log_level = "error"
 
     _setup_logging(config.log_level)
+    logger = logging.getLogger("s5p")
+
+    if args.tracemalloc:
+        import tracemalloc
+        tracemalloc.start()
 
     try:
         if args.cprofile:
@@ -123,13 +132,21 @@ def main(argv: list[str] | None = None) -> int:
             finally:
                 prof.disable()
                 prof.dump_stats(args.cprofile)
-                logging.getLogger("s5p").info("profile saved to %s", args.cprofile)
+                logger.info("profile saved to %s", args.cprofile)
         else:
             asyncio.run(serve(config))
     except KeyboardInterrupt:
         return 0
     except Exception as e:
-        logging.getLogger("s5p").error("%s", e)
+        logger.error("%s", e)
         return 1
+    finally:
+        if args.tracemalloc:
+            import tracemalloc
+            snapshot = tracemalloc.take_snapshot()
+            stats = snapshot.statistics("lineno")
+            logger.info("tracemalloc: top %d allocations", args.tracemalloc)
+            for stat in stats[:args.tracemalloc]:
+                logger.info("  %s", stat)
 
     return 0