diff --git a/lib/service/base.rb b/lib/service/base.rb
index e3e6edd9f9c..13a59d68e08 100644
--- a/lib/service/base.rb
+++ b/lib/service/base.rb
@@ -70,7 +70,7 @@ module Service
       end
 
       def inspect_steps
-        Service::StepsInspector.new(self)
+        Service::StepsInspector.new(self).inspect
       end
 
       private
@@ -129,7 +129,7 @@ module Service
 
     # @!visibility private
     class Step
-      attr_reader :name, :method_name, :class_name
+      attr_reader :name, :method_name, :class_name, :instance, :context
 
       def initialize(name, method_name = name, class_name: nil)
         @name = name
@@ -138,14 +138,9 @@ module Service
       end
 
       def call(instance, context)
-        object = class_name&.new(context)
-        method = object&.method(:call) || instance.method(method_name)
-        if method.parameters.any? { _1[0] != :keyreq }
-          raise "In #{type} '#{name}': default values in step implementations are not allowed. Maybe they could be defined in a params or options block?"
-        end
-        args = context.slice(*method.parameters.select { _1[0] == :keyreq }.map(&:last))
-        context[result_key] = Context.build({ object: }.compact)
-        instance.instance_exec(**args, &method)
+        @instance, @context = instance, context
+        context[result_key] = Context.build
+        with_runtime { run_step }
       end
 
       def result_key
@@ -154,9 +149,28 @@ module Service
 
       private
 
+      def run_step
+        object = class_name&.new(context)
+        method = object&.method(:call) || instance.method(method_name)
+        if method.parameters.any? { _1[0] != :keyreq }
+          raise "In #{type} '#{name}': default values in step implementations are not allowed. Maybe they could be defined in a params or options block?"
+        end
+        args = context.slice(*method.parameters.select { _1[0] == :keyreq }.map(&:last))
+        context[result_key][:object] = object if object
+        instance.instance_exec(**args, &method)
+      end
+
       def type
         self.class.name.split("::").last.downcase.sub(/^(\w+)step$/, "\\1")
       end
+
+      def with_runtime
+        started_at = Process.clock_gettime(Process::CLOCK_MONOTONIC)
+        yield.tap do
+          ended_at = Process.clock_gettime(Process::CLOCK_MONOTONIC)
+          context[result_key][:__runtime__] = ended_at - started_at
+        end
+      end
     end
 
     # @!visibility private
@@ -168,7 +182,7 @@ module Service
         @optional = optional.present?
       end
 
-      def call(instance, context)
+      def run_step
         context[name] = super
         if !optional && (!context[name] || context[name].try(:empty?))
           raise ArgumentError, "Model not found"
@@ -185,7 +199,7 @@ module Service
 
     # @!visibility private
     class PolicyStep < Step
-      def call(instance, context)
+      def run_step
         if !super
           context[result_key].fail(reason: context[result_key].object&.reason)
           context.fail!
@@ -202,7 +216,7 @@ module Service
         @default_values_from = default_values_from
       end
 
-      def call(instance, context)
+      def run_step
         attributes = class_name.attribute_names.map(&:to_sym)
         default_values = {}
         default_values = context[default_values_from].slice(*attributes) if default_values_from
@@ -212,7 +226,6 @@ module Service
             options: context[:options],
           )
         context[contract_name] = contract
-        context[result_key] = Context.build
         if contract.invalid?
           context[result_key].fail(errors: contract.errors, parameters: contract.raw_attributes)
           context.fail!
@@ -243,7 +256,7 @@ module Service
         instance_exec(&block)
       end
 
-      def call(instance, context)
+      def run_step
         ActiveRecord::Base.transaction { steps.each { |step| step.call(instance, context) } }
       end
     end
@@ -261,8 +274,7 @@ module Service
         instance_exec(&block)
       end
 
-      def call(instance, context)
-        context[result_key] = Context.build
+      def run_step
         steps.each do |step|
           @current_step = step
           step.call(instance, context)
@@ -270,15 +282,14 @@ module Service
       rescue *exceptions => e
         raise e if e.is_a?(Failure)
         context[@current_step.result_key].fail(raised_exception?: true, exception: e)
-        context[result_key].fail(exception: e)
+        context[result_key][:exception] = e
         context.fail!
       end
     end
 
     # @!visibility private
     class OptionsStep < Step
-      def call(instance, context)
-        context[result_key] = Context.build
+      def run_step
         context[:options] = class_name.new(context[:options])
       end
     end
@@ -428,7 +439,10 @@ module Service
 
     # @!visibility private
     def initialize(initial_context = {})
-      @context = Context.build(initial_context.merge(__steps__: self.class.steps))
+      @context =
+        Context.build(
+          initial_context.merge(__steps__: self.class.steps, __service_class__: self.class),
+        )
     end
 
     # @!visibility private
diff --git a/lib/service/runner.rb b/lib/service/runner.rb
index 692c2d436d3..18d73070fa2 100644
--- a/lib/service/runner.rb
+++ b/lib/service/runner.rb
@@ -97,7 +97,7 @@ class Service::Runner
     },
     on_exceptions: {
       condition: ->(*exceptions) do
-        next unless failure_for?("result.try.default")
+        next unless result["result.try.default"]&.exception
         next true if exceptions.empty?
         exceptions.any? { result["result.try.default"].exception.is_a?(_1) }
       end,
diff --git a/lib/service/steps_inspector.rb b/lib/service/steps_inspector.rb
index fcb4b79d069..5ab0c804e33 100644
--- a/lib/service/steps_inspector.rb
+++ b/lib/service/steps_inspector.rb
@@ -9,9 +9,11 @@ class Service::StepsInspector
   class Step
     attr_reader :step, :result, :nesting_level
 
-    delegate :name, to: :step
+    delegate :name, :result_key, to: :step
     delegate :failure?, :success?, :error, :raised_exception?, to: :step_result, allow_nil: true
 
+    alias error? failure?
+
     def self.for(step, result, nesting_level: 0)
       class_name =
         "#{module_parent_name}::#{step.class.name.split("::").last.sub(/^(\w+)Step$/, "\\1")}"
@@ -38,13 +40,18 @@ class Service::StepsInspector
     end
 
     def inspect
-      "#{"  " * nesting_level}[#{inspect_type}] '#{name}' #{emoji}".rstrip
+      "#{"  " * nesting_level}[#{inspect_type}] #{name}#{runtime} #{emoji}".rstrip
     end
 
     private
 
+    def runtime
+      return unless step_result&.__runtime__
+      " (#{(step_result.__runtime__ * 1000).round(4)} ms)"
+    end
+
     def step_result
-      result["result.#{type}.#{name}"]
+      result[result_key]
     end
 
     def result_emoji
@@ -59,7 +66,7 @@ class Service::StepsInspector
     end
 
     def unexpected_result_text
-      return "  <= expected to return true but got false instead" if failure?
+      return "  <= expected to return true but got false instead" if error?
       "  <= expected to return false but got true instead"
     end
   end
@@ -97,11 +104,7 @@ class Service::StepsInspector
     end
 
     def inspect
-      "#{"  " * nesting_level}[#{inspect_type}]"
-    end
-
-    def step_result
-      nil
+      "#{"  " * nesting_level}[#{inspect_type}]#{runtime}#{unexpected_result_emoji}"
     end
   end
 
@@ -111,12 +114,12 @@ class Service::StepsInspector
 
   # @!visibility private
   class Try < Transaction
-    def error
-      step_result.exception.inspect
+    def error?
+      step_result.exception
     end
 
-    def step_result
-      result["result.#{type}.#{name}"]
+    def error
+      step_result.exception.full_message
     end
   end
 
@@ -127,24 +130,40 @@ class Service::StepsInspector
     @result = result
   end
 
-  # Inspect the provided result object.
-  # Example output:
-  #   [1/4] [model] 'channel' ✅
-  #   [2/4] [params] 'default' ✅
-  #   [3/4] [policy] 'check_channel_permission' ❌
-  #   [4/4] [step] 'change_status'
-  # @return [String] the steps of the result object with their state
   def inspect
+    output = <<~OUTPUT
+    Inspecting #{result.__service_class__} result object:
+
+    #{execution_flow}
+    OUTPUT
+    output += "\nWhy it failed:\n\n#{error}" if error.present?
+    output
+  end
+
+  # Example output:
+  #   [1/4] [model] channel (0.02 ms) ✅
+  #   [2/4] [params] default (0.1 ms) ✅
+  #   [3/4] [policy] check_channel_permission ❌
+  #   [4/4] [step] change_status
+  # @return [String] the steps of the result object with their state
+  def execution_flow
     steps
-      .map
+      .filter_map
       .with_index do |step, index|
+        next if @encountered_error
+        @encountered_error = index + 1 if step.failure?
         "[#{format("%#{steps.size.to_s.size}s", index + 1)}/#{steps.size}] #{step.inspect}"
       end
       .join("\n")
+      .then do |output|
+        skipped_steps = steps.size - @encountered_error.to_i
+        next output unless @encountered_error && skipped_steps.positive?
+        "#{output}\n\n(#{skipped_steps} more steps not shown as the execution flow was stopped before reaching them)"
+      end
   end
 
   # @return [String, nil] the first available error, if any.
   def error
-    steps.detect(&:failure?)&.error
+    steps.detect(&:error?)&.error
   end
 end
diff --git a/plugins/chat/plugin.rb b/plugins/chat/plugin.rb
index 31da38f55ec..fda894c9325 100644
--- a/plugins/chat/plugin.rb
+++ b/plugins/chat/plugin.rb
@@ -450,7 +450,7 @@ after_initialize do
         )
 
       if creator.failure?
-        Rails.logger.warn "[discourse-automation] Chat message failed to send:\n#{creator.inspect_steps.inspect}\n#{creator.inspect_steps.error}"
+        Rails.logger.warn "[discourse-automation] Chat message failed to send:\n#{creator.inspect_steps}"
       end
     end
   end
diff --git a/plugins/chat/spec/fabricators/chat_fabricator.rb b/plugins/chat/spec/fabricators/chat_fabricator.rb
index fd12a489b7b..c9841af6b95 100644
--- a/plugins/chat/spec/fabricators/chat_fabricator.rb
+++ b/plugins/chat/spec/fabricators/chat_fabricator.rb
@@ -114,7 +114,7 @@ Fabricator(:chat_message_with_service, class_name: "Chat::CreateMessage") do
     if result.failure?
       raise RSpec::Expectations::ExpectationNotMetError.new(
               "Service `#{resolved_class}` failed, see below for step details:\n\n" +
-                result.inspect_steps.inspect,
+                result.inspect_steps,
             )
     end
 
diff --git a/plugins/chat/spec/plugin_helper.rb b/plugins/chat/spec/plugin_helper.rb
index e7b365b7d87..9e1c2f88264 100644
--- a/plugins/chat/spec/plugin_helper.rb
+++ b/plugins/chat/spec/plugin_helper.rb
@@ -47,7 +47,7 @@ module ChatSystemHelpers
           },
         )
 
-      raise "#{creator.inspect_steps.inspect}\n\n#{creator.inspect_steps.error}" if creator.failure?
+      raise creator.inspect_steps if creator.failure?
       last_message = creator.message_instance
     end
 
@@ -64,7 +64,7 @@ end
 module ChatSpecHelpers
   def service_failed!(result)
     raise RSpec::Expectations::ExpectationNotMetError.new(
-            "Service failed, see below for step details:\n\n" + result.inspect_steps.inspect,
+            "Service failed, see below for step details:\n\n" + result.inspect_steps,
           )
   end
 
diff --git a/spec/lib/service/steps_inspector_spec.rb b/spec/lib/service/steps_inspector_spec.rb
index 26a185b7836..1bc577562bd 100644
--- a/spec/lib/service/steps_inspector_spec.rb
+++ b/spec/lib/service/steps_inspector_spec.rb
@@ -45,24 +45,28 @@ RSpec.describe Service::StepsInspector do
     end
   end
 
-  describe "#inspect" do
-    subject(:output) { inspector.inspect.strip }
+  describe "#execution_flow" do
+    subject(:output) { inspector.execution_flow.strip.gsub(%r{ \(\d+\.\d+ ms\)}, "") }
 
     context "when service runs without error" do
       it "outputs all the steps of the service" do
         expect(output).to eq <<~OUTPUT.chomp
-        [ 1/10] [options] 'default' ✅
-        [ 2/10] [model] 'model' ✅
-        [ 3/10] [policy] 'policy' ✅
-        [ 4/10] [params] 'default' ✅
+        [ 1/10] [options] default ✅
+        [ 2/10] [model] model ✅
+        [ 3/10] [policy] policy ✅
+        [ 4/10] [params] default ✅
         [ 5/10] [transaction]
-        [ 6/10]   [step] 'in_transaction_step_1' ✅
-        [ 7/10]   [step] 'in_transaction_step_2' ✅
+        [ 6/10]   [step] in_transaction_step_1 ✅
+        [ 7/10]   [step] in_transaction_step_2 ✅
         [ 8/10] [try]
-        [ 9/10]   [step] 'might_raise' ✅
-        [10/10] [step] 'final_step' ✅
+        [ 9/10]   [step] might_raise ✅
+        [10/10] [step] final_step ✅
         OUTPUT
       end
+
+      it "outputs time taken by each step" do
+        expect(inspector.execution_flow).to match(/\d+\.\d+ ms/)
+      end
     end
 
     context "when the model step is failing" do
@@ -76,16 +80,10 @@ RSpec.describe Service::StepsInspector do
 
       it "shows the failing step" do
         expect(output).to eq <<~OUTPUT.chomp
-        [ 1/10] [options] 'default' ✅
-        [ 2/10] [model] 'model' ❌
-        [ 3/10] [policy] 'policy'
-        [ 4/10] [params] 'default'
-        [ 5/10] [transaction]
-        [ 6/10]   [step] 'in_transaction_step_1'
-        [ 7/10]   [step] 'in_transaction_step_2'
-        [ 8/10] [try]
-        [ 9/10]   [step] 'might_raise'
-        [10/10] [step] 'final_step'
+        [ 1/10] [options] default ✅
+        [ 2/10] [model] model ❌
+
+        (8 more steps not shown as the execution flow was stopped before reaching them)
         OUTPUT
       end
     end
@@ -101,16 +99,11 @@ RSpec.describe Service::StepsInspector do
 
       it "shows the failing step" do
         expect(output).to eq <<~OUTPUT.chomp
-        [ 1/10] [options] 'default' ✅
-        [ 2/10] [model] 'model' ✅
-        [ 3/10] [policy] 'policy' ❌
-        [ 4/10] [params] 'default'
-        [ 5/10] [transaction]
-        [ 6/10]   [step] 'in_transaction_step_1'
-        [ 7/10]   [step] 'in_transaction_step_2'
-        [ 8/10] [try]
-        [ 9/10]   [step] 'might_raise'
-        [10/10] [step] 'final_step'
+        [ 1/10] [options] default ✅
+        [ 2/10] [model] model ✅
+        [ 3/10] [policy] policy ❌
+
+        (7 more steps not shown as the execution flow was stopped before reaching them)
         OUTPUT
       end
     end
@@ -120,16 +113,12 @@ RSpec.describe Service::StepsInspector do
 
       it "shows the failing step" do
         expect(output).to eq <<~OUTPUT.chomp
-        [ 1/10] [options] 'default' ✅
-        [ 2/10] [model] 'model' ✅
-        [ 3/10] [policy] 'policy' ✅
-        [ 4/10] [params] 'default' ❌
-        [ 5/10] [transaction]
-        [ 6/10]   [step] 'in_transaction_step_1'
-        [ 7/10]   [step] 'in_transaction_step_2'
-        [ 8/10] [try]
-        [ 9/10]   [step] 'might_raise'
-        [10/10] [step] 'final_step'
+        [ 1/10] [options] default ✅
+        [ 2/10] [model] model ✅
+        [ 3/10] [policy] policy ✅
+        [ 4/10] [params] default ❌
+
+        (6 more steps not shown as the execution flow was stopped before reaching them)
         OUTPUT
       end
     end
@@ -145,16 +134,15 @@ RSpec.describe Service::StepsInspector do
 
       it "shows the failing step" do
         expect(output).to eq <<~OUTPUT.chomp
-        [ 1/10] [options] 'default' ✅
-        [ 2/10] [model] 'model' ✅
-        [ 3/10] [policy] 'policy' ✅
-        [ 4/10] [params] 'default' ✅
+        [ 1/10] [options] default ✅
+        [ 2/10] [model] model ✅
+        [ 3/10] [policy] policy ✅
+        [ 4/10] [params] default ✅
         [ 5/10] [transaction]
-        [ 6/10]   [step] 'in_transaction_step_1' ✅
-        [ 7/10]   [step] 'in_transaction_step_2' ❌
-        [ 8/10] [try]
-        [ 9/10]   [step] 'might_raise'
-        [10/10] [step] 'final_step'
+        [ 6/10]   [step] in_transaction_step_1 ✅
+        [ 7/10]   [step] in_transaction_step_2 ❌
+
+        (3 more steps not shown as the execution flow was stopped before reaching them)
         OUTPUT
       end
     end
@@ -170,16 +158,17 @@ RSpec.describe Service::StepsInspector do
 
       it "shows the failing step" do
         expect(output).to eq <<~OUTPUT.chomp
-        [ 1/10] [options] 'default' ✅
-        [ 2/10] [model] 'model' ✅
-        [ 3/10] [policy] 'policy' ✅
-        [ 4/10] [params] 'default' ✅
+        [ 1/10] [options] default ✅
+        [ 2/10] [model] model ✅
+        [ 3/10] [policy] policy ✅
+        [ 4/10] [params] default ✅
         [ 5/10] [transaction]
-        [ 6/10]   [step] 'in_transaction_step_1' ✅
-        [ 7/10]   [step] 'in_transaction_step_2' ✅
+        [ 6/10]   [step] in_transaction_step_1 ✅
+        [ 7/10]   [step] in_transaction_step_2 ✅
         [ 8/10] [try]
-        [ 9/10]   [step] 'might_raise' 💥
-        [10/10] [step] 'final_step'
+        [ 9/10]   [step] might_raise 💥
+
+        (1 more steps not shown as the execution flow was stopped before reaching them)
         OUTPUT
       end
     end
@@ -190,16 +179,16 @@ RSpec.describe Service::StepsInspector do
 
         it "adapts its output accordingly" do
           expect(output).to eq <<~OUTPUT.chomp
-          [ 1/10] [options] 'default' ✅
-          [ 2/10] [model] 'model' ✅
-          [ 3/10] [policy] 'policy' ✅ ⚠️  <= expected to return false but got true instead
-          [ 4/10] [params] 'default' ✅
+          [ 1/10] [options] default ✅
+          [ 2/10] [model] model ✅
+          [ 3/10] [policy] policy ✅ ⚠️  <= expected to return false but got true instead
+          [ 4/10] [params] default ✅
           [ 5/10] [transaction]
-          [ 6/10]   [step] 'in_transaction_step_1' ✅
-          [ 7/10]   [step] 'in_transaction_step_2' ✅
+          [ 6/10]   [step] in_transaction_step_1 ✅
+          [ 7/10]   [step] in_transaction_step_2 ✅
           [ 8/10] [try]
-          [ 9/10]   [step] 'might_raise' ✅
-          [10/10] [step] 'final_step' ✅
+          [ 9/10]   [step] might_raise ✅
+          [10/10] [step] final_step ✅
           OUTPUT
         end
       end
@@ -216,16 +205,11 @@ RSpec.describe Service::StepsInspector do
 
         it "adapts its output accordingly" do
           expect(output).to eq <<~OUTPUT.chomp
-          [ 1/10] [options] 'default' ✅
-          [ 2/10] [model] 'model' ✅
-          [ 3/10] [policy] 'policy' ❌ ⚠️  <= expected to return true but got false instead
-          [ 4/10] [params] 'default'
-          [ 5/10] [transaction]
-          [ 6/10]   [step] 'in_transaction_step_1'
-          [ 7/10]   [step] 'in_transaction_step_2'
-          [ 8/10] [try]
-          [ 9/10]   [step] 'might_raise'
-          [10/10] [step] 'final_step'
+          [ 1/10] [options] default ✅
+          [ 2/10] [model] model ✅
+          [ 3/10] [policy] policy ❌ ⚠️  <= expected to return true but got false instead
+
+          (7 more steps not shown as the execution flow was stopped before reaching them)
           OUTPUT
         end
       end
@@ -325,8 +309,31 @@ RSpec.describe Service::StepsInspector do
       end
 
       it "returns an error related to the exception" do
-        expect(error).to match(/RuntimeError: BOOM/)
+        expect(error).to match(/BOOM \([^(]*RuntimeError[^)]*\)/)
       end
     end
   end
+
+  describe "#inspect" do
+    let(:parameter) { nil }
+
+    it "outputs the service class name, the steps results and the specific error" do
+      expect(inspector.inspect.gsub(%r{ \(\d+\.\d+ ms\)}, "")).to eq(<<~OUTPUT)
+        Inspecting DummyService result object:
+
+        [ 1/10] [options] default ✅
+        [ 2/10] [model] model ✅
+        [ 3/10] [policy] policy ✅
+        [ 4/10] [params] default ❌
+
+        (6 more steps not shown as the execution flow was stopped before reaching them)
+
+        Why it failed:
+
+        #<ActiveModel::Errors [#<ActiveModel::Error attribute=parameter, type=blank, options={}>]>
+
+        Provided parameters: {"parameter"=>nil}
+      OUTPUT
+    end
+  end
 end
diff --git a/spec/support/service_matchers.rb b/spec/support/service_matchers.rb
index 17d328cecb2..eb4dd75cfef 100644
--- a/spec/support/service_matchers.rb
+++ b/spec/support/service_matchers.rb
@@ -26,8 +26,7 @@ module ServiceMatchers
     private
 
     def error_message_with_inspection(message)
-      inspector = Service::StepsInspector.new(result)
-      "#{message}\n\n#{inspector.inspect}\n\n#{inspector.error}"
+      "#{message}\n\n#{result.inspect_steps}"
     end
   end
 
@@ -88,8 +87,7 @@ module ServiceMatchers
     end
 
     def error_message_with_inspection(message)
-      inspector = Service::StepsInspector.new(result)
-      "#{message}\n\n#{inspector.inspect}\n\n#{inspector.error}"
+      "#{message}\n\n#{result.inspect_steps}"
     end
 
     def set_unexpected_result
@@ -161,7 +159,7 @@ module ServiceMatchers
     end
 
     def step_failed?
-      super && result[step].exception.is_a?(exception)
+      result[step]&.exception&.is_a?(exception)
     end
 
     def step_not_existing_message
@@ -211,12 +209,4 @@ module ServiceMatchers
   def run_successfully
     RunServiceSuccessfully.new
   end
-
-  def inspect_steps(result)
-    inspector = Service::StepsInspector.new(result)
-    puts "Steps:"
-    puts inspector.inspect
-    puts "\nFirst error:"
-    puts inspector.error
-  end
 end