diff --git a/Cargo.lock b/Cargo.lock
index 557f23b..501d257 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1644,6 +1644,15 @@ version = "2.4.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "19d374276b40fb8bbdee95aef7c7fa6b5316ec764510eb64b8dd0e2ed0d7e7f5"
 
+[[package]]
+name = "crossbeam-channel"
+version = "0.5.15"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "82b8f8f868b36967f9606790d1903570de9ceaf870a7bf9fbbd3016d636a2cb2"
+dependencies = [
+ "crossbeam-utils",
+]
+
 [[package]]
 name = "crossbeam-deque"
 version = "0.8.6"
@@ -2399,6 +2408,20 @@ version = "0.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "42012b0f064e01aa58b545fe3727f90f7dd4020f4a3ea735b50344965f5a57e9"
 
+[[package]]
+name = "generator"
+version = "0.8.5"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "d18470a76cb7f8ff746cf1f7470914f900252ec36bbc40b569d74b1258446827"
+dependencies = [
+ "cc",
+ "cfg-if",
+ "libc",
+ "log",
+ "rustversion",
+ "windows",
+]
+
 [[package]]
 name = "generic-array"
 version = "0.14.7"
@@ -3165,6 +3188,19 @@ version = "0.4.27"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "13dc2df351e3202783a1fe0d44375f7295ffb4049267b0f3018346dc122a1d94"
 
+[[package]]
+name = "loom"
+version = "0.7.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "419e0dc8046cb947daa77eb95ae174acfbddb7673b4151f56d1eed8e93fbfaca"
+dependencies = [
+ "cfg-if",
+ "generator",
+ "scoped-tls",
+ "tracing",
+ "tracing-subscriber",
+]
+
 [[package]]
 name = "lru"
 version = "0.13.0"
@@ -3247,6 +3283,25 @@ dependencies = [
  "windows-sys 0.59.0",
 ]
 
+[[package]]
+name = "moka"
+version = "0.12.10"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "a9321642ca94a4282428e6ea4af8cc2ca4eac48ac7a6a4ea8f33f76d0ce70926"
+dependencies = [
+ "crossbeam-channel",
+ "crossbeam-epoch",
+ "crossbeam-utils",
+ "loom",
+ "parking_lot",
+ "portable-atomic",
+ "rustc_version 0.4.1",
+ "smallvec",
+ "tagptr",
+ "thiserror 1.0.69",
+ "uuid",
+]
+
 [[package]]
 name = "native-tls"
 version = "0.2.14"
@@ -3646,6 +3701,12 @@ dependencies = [
  "syn 2.0.101",
 ]
 
+[[package]]
+name = "portable-atomic"
+version = "1.11.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "f84267b20a16ea918e43c6a88433c2d54fa145c92a811b5b047ccbe153674483"
+
 [[package]]
 name = "potential_utf"
 version = "0.1.2"
@@ -4029,6 +4090,8 @@ name = "revive-dt-common"
 version = "0.1.0"
 dependencies = [
  "anyhow",
+ "moka",
+ "once_cell",
  "semver 1.0.26",
  "tokio",
 ]
@@ -4424,6 +4487,12 @@ dependencies = [
  "zeroize",
 ]
 
+[[package]]
+name = "scoped-tls"
+version = "1.0.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "e1cf6437eb19a8f4a6cc0f7dca544973b0b78843adbfeb3683d1a94a0024a294"
+
 [[package]]
 name = "scopeguard"
 version = "1.2.0"
@@ -5276,6 +5345,12 @@ dependencies = [
  "libc",
 ]
 
+[[package]]
+name = "tagptr"
+version = "0.2.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "7b2093cf4c8eb1e67749a6762251bc9cd836b6fc171623bd0a9d324d37af2417"
+
 [[package]]
 name = "tap"
 version = "1.0.1"
@@ -5808,6 +5883,17 @@ version = "0.2.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "06abde3611657adf66d383f00b093d7faecc7fa57071cce2578660c9f1010821"
 
+[[package]]
+name = "uuid"
+version = "1.18.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "f33196643e165781c20a5ead5582283a7dacbb87855d867fbc2df3f81eddc1be"
+dependencies = [
+ "getrandom 0.3.3",
+ "js-sys",
+ "wasm-bindgen",
+]
+
 [[package]]
 name = "valuable"
 version = "0.1.1"
@@ -6069,6 +6155,28 @@ version = "0.4.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "712e227841d057c1ee1cd2fb22fa7e5a5461ae8e48fa2ca79ec42cfc1931183f"
 
+[[package]]
+name = "windows"
+version = "0.61.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "9babd3a767a4c1aef6900409f85f5d53ce2544ccdfaa86dad48c91782c6d6893"
+dependencies = [
+ "windows-collections",
+ "windows-core",
+ "windows-future",
+ "windows-link",
+ "windows-numerics",
+]
+
+[[package]]
+name = "windows-collections"
+version = "0.2.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "3beeceb5e5cfd9eb1d76b381630e82c4241ccd0d27f1a39ed41b2760b255c5e8"
+dependencies = [
+ "windows-core",
+]
+
 [[package]]
 name = "windows-core"
 version = "0.61.2"
@@ -6082,6 +6190,17 @@ dependencies = [
  "windows-strings 0.4.2",
 ]
 
+[[package]]
+name = "windows-future"
+version = "0.2.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "fc6a41e98427b19fe4b73c550f060b59fa592d7d686537eebf9385621bfbad8e"
+dependencies = [
+ "windows-core",
+ "windows-link",
+ "windows-threading",
+]
+
 [[package]]
 name = "windows-implement"
 version = "0.60.0"
@@ -6106,9 +6225,19 @@ dependencies = [
 
 [[package]]
 name = "windows-link"
-version = "0.1.1"
+version = "0.1.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "76840935b766e1b0a05c0066835fb9ec80071d4c09a16f6bd5f7e655e3c14c38"
+checksum = "5e6ad25900d524eaabdbbb96d20b4311e1e7ae1699af4fb28c17ae66c80d798a"
+
+[[package]]
+name = "windows-numerics"
+version = "0.2.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "9150af68066c4c5c07ddc0ce30421554771e528bde427614c61038bc2c92c2b1"
+dependencies = [
+ "windows-core",
+ "windows-link",
+]
 
 [[package]]
 name = "windows-registry"
@@ -6198,6 +6327,15 @@ dependencies = [
  "windows_x86_64_msvc 0.53.0",
 ]
 
+[[package]]
+name = "windows-threading"
+version = "0.1.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "b66463ad2e0ea3bbf808b7f1d371311c80e115c0b71d60efc142cafbcfb057a6"
+dependencies = [
+ "windows-link",
+]
+
 [[package]]
 name = "windows_aarch64_gnullvm"
 version = "0.52.6"
diff --git a/Cargo.toml b/Cargo.toml
index 20948e7..34ae899 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -29,6 +29,7 @@ clap = { version = "4", features = ["derive"] }
 foundry-compilers-artifacts = { version = "0.18.0" }
 futures = { version = "0.3.31" }
 hex = "0.4.3"
+moka = "0.12.10"
 reqwest = { version = "0.12.15", features = ["json"] }
 once_cell = "1.21"
 semver = { version = "1.0", features = ["serde"] }
diff --git a/crates/common/Cargo.toml b/crates/common/Cargo.toml
index 516b1be..52d7d8a 100644
--- a/crates/common/Cargo.toml
+++ b/crates/common/Cargo.toml
@@ -10,5 +10,7 @@ rust-version.workspace = true
 
 [dependencies]
 anyhow = { workspace = true }
+moka = { workspace = true, features = ["sync"] }
+once_cell = { workspace = true }
 semver = { workspace = true }
 tokio = { workspace = true, default-features = false, features = ["time"] }
diff --git a/crates/common/src/cached_fs/mod.rs b/crates/common/src/cached_fs/mod.rs
new file mode 100644
index 0000000..17a1fa5
--- /dev/null
+++ b/crates/common/src/cached_fs/mod.rs
@@ -0,0 +1,49 @@
+//! This module implements a cached file system allowing for results to be stored in-memory rather
+//! rather being queried from the file system again.
+
+use std::fs;
+use std::io::{Error, Result};
+use std::path::{Path, PathBuf};
+
+use moka::sync::Cache;
+use once_cell::sync::Lazy;
+
+pub fn read(path: impl AsRef<Path>) -> Result<Vec<u8>> {
+    static READ_CACHE: Lazy<Cache<PathBuf, Vec<u8>>> = Lazy::new(|| Cache::new(10_000));
+
+    let path = path.as_ref().canonicalize()?;
+    match READ_CACHE.get(path.as_path()) {
+        Some(content) => Ok(content),
+        None => {
+            let content = fs::read(path.as_path())?;
+            READ_CACHE.insert(path, content.clone());
+            Ok(content)
+        }
+    }
+}
+
+pub fn read_to_string(path: impl AsRef<Path>) -> Result<String> {
+    let content = read(path)?;
+    String::from_utf8(content).map_err(|_| {
+        Error::new(
+            std::io::ErrorKind::InvalidData,
+            "The contents of the file are not valid UTF8",
+        )
+    })
+}
+
+pub fn read_dir(path: impl AsRef<Path>) -> Result<Box<dyn Iterator<Item = Result<PathBuf>>>> {
+    static READ_DIR_CACHE: Lazy<Cache<PathBuf, Vec<PathBuf>>> = Lazy::new(|| Cache::new(10_000));
+
+    let path = path.as_ref().canonicalize()?;
+    match READ_DIR_CACHE.get(path.as_path()) {
+        Some(entries) => Ok(Box::new(entries.into_iter().map(Ok)) as Box<_>),
+        None => {
+            let entries = fs::read_dir(path.as_path())?
+                .flat_map(|maybe_entry| maybe_entry.map(|entry| entry.path()))
+                .collect();
+            READ_DIR_CACHE.insert(path.clone(), entries);
+            Ok(read_dir(path).unwrap())
+        }
+    }
+}
diff --git a/crates/common/src/iterators/files_with_extension_iterator.rs b/crates/common/src/iterators/files_with_extension_iterator.rs
index ac81103..93bd709 100644
--- a/crates/common/src/iterators/files_with_extension_iterator.rs
+++ b/crates/common/src/iterators/files_with_extension_iterator.rs
@@ -19,6 +19,11 @@ pub struct FilesWithExtensionIterator {
     /// this vector then they will be returned when the [`Iterator::next`] method is called. If not
     /// then we visit one of the next directories to visit.
     files_matching_allowed_extensions: Vec<PathBuf>,
+
+    /// This option controls if the the cached file system should be used or not. This could be
+    /// better for certain cases where the entries in the directories do not change and therefore
+    /// caching can be used.
+    use_cached_fs: bool,
 }
 
 impl FilesWithExtensionIterator {
@@ -27,6 +32,7 @@ impl FilesWithExtensionIterator {
             allowed_extensions: Default::default(),
             directories_to_search: vec![root_directory.as_ref().to_path_buf()],
             files_matching_allowed_extensions: Default::default(),
+            use_cached_fs: Default::default(),
         }
     }
 
@@ -37,6 +43,11 @@ impl FilesWithExtensionIterator {
         self.allowed_extensions.insert(allowed_extension.into());
         self
     }
+
+    pub fn with_use_cached_fs(mut self, use_cached_fs: bool) -> Self {
+        self.use_cached_fs = use_cached_fs;
+        self
+    }
 }
 
 impl Iterator for FilesWithExtensionIterator {
@@ -49,16 +60,19 @@ impl Iterator for FilesWithExtensionIterator {
 
         let directory_to_search = self.directories_to_search.pop()?;
 
-        // Read all of the entries in the directory. If we failed to read this dir's entires then we
-        // elect to just ignore it and look in the next directory, we do that by calling the next
-        // method again on the iterator, which is an intentional decision that we made here instead
-        // of panicking.
-        let Ok(dir_entries) = std::fs::read_dir(directory_to_search) else {
-            return self.next();
+        let iterator = if self.use_cached_fs {
+            let Ok(dir_entries) = crate::cached_fs::read_dir(directory_to_search.as_path()) else {
+                return self.next();
+            };
+            Box::new(dir_entries) as Box<dyn Iterator<Item = std::io::Result<PathBuf>>>
+        } else {
+            let Ok(dir_entries) = std::fs::read_dir(directory_to_search) else {
+                return self.next();
+            };
+            Box::new(dir_entries.map(|maybe_entry| maybe_entry.map(|entry| entry.path()))) as Box<_>
         };
 
-        for entry in dir_entries.flatten() {
-            let entry_path = entry.path();
+        for entry_path in iterator.flatten() {
             if entry_path.is_dir() {
                 self.directories_to_search.push(entry_path)
             } else if entry_path.is_file()
diff --git a/crates/common/src/lib.rs b/crates/common/src/lib.rs
index 9649c36..60d360c 100644
--- a/crates/common/src/lib.rs
+++ b/crates/common/src/lib.rs
@@ -1,6 +1,7 @@
 //! This crate provides common concepts, functionality, types, macros, and more that other crates in
 //! the workspace can benefit from.
 
+pub mod cached_fs;
 pub mod fs;
 pub mod futures;
 pub mod iterators;
diff --git a/crates/compiler/src/lib.rs b/crates/compiler/src/lib.rs
index 4337d35..dc00113 100644
--- a/crates/compiler/src/lib.rs
+++ b/crates/compiler/src/lib.rs
@@ -5,7 +5,6 @@
 
 use std::{
     collections::HashMap,
-    fs::read_to_string,
     hash::Hash,
     path::{Path, PathBuf},
 };
@@ -16,6 +15,7 @@ use semver::Version;
 use serde::{Deserialize, Serialize};
 
 use revive_common::EVMVersion;
+use revive_dt_common::cached_fs::read_to_string;
 use revive_dt_common::types::VersionOrRequirement;
 use revive_dt_config::Arguments;
 
diff --git a/crates/core/src/main.rs b/crates/core/src/main.rs
index 55ec7d3..8cad37a 100644
--- a/crates/core/src/main.rs
+++ b/crates/core/src/main.rs
@@ -714,6 +714,7 @@ async fn compile_contracts<P: Platform>(
         // library.
         compiler = FilesWithExtensionIterator::new(metadata.directory()?)
             .with_allowed_extension("sol")
+            .with_use_cached_fs(true)
             .fold(compiler, |compiler, path| {
                 compiler.with_library(&path, library_ident.as_str(), *library_address)
             });
diff --git a/crates/format/src/corpus.rs b/crates/format/src/corpus.rs
index 43e07dc..1eec650 100644
--- a/crates/format/src/corpus.rs
+++ b/crates/format/src/corpus.rs
@@ -3,6 +3,7 @@ use std::{
     path::{Path, PathBuf},
 };
 
+use revive_dt_common::cached_fs::read_dir;
 use serde::{Deserialize, Serialize};
 
 use crate::metadata::MetadataFile;
@@ -54,7 +55,7 @@ impl Corpus {
 /// `path` is expected to be a directory.
 pub fn collect_metadata(path: &Path, tests: &mut Vec<MetadataFile>) {
     if path.is_dir() {
-        let dir_entry = match std::fs::read_dir(path) {
+        let dir_entry = match read_dir(path) {
             Ok(dir_entry) => dir_entry,
             Err(error) => {
                 tracing::error!("failed to read dir '{}': {error}", path.display());
@@ -62,8 +63,8 @@ pub fn collect_metadata(path: &Path, tests: &mut Vec<MetadataFile>) {
             }
         };
 
-        for entry in dir_entry {
-            let entry = match entry {
+        for path in dir_entry {
+            let path = match path {
                 Ok(entry) => entry,
                 Err(error) => {
                     tracing::error!("error reading dir entry: {error}");
@@ -71,7 +72,6 @@ pub fn collect_metadata(path: &Path, tests: &mut Vec<MetadataFile>) {
                 }
             };
 
-            let path = entry.path();
             if path.is_dir() {
                 collect_metadata(&path, tests);
                 continue;
diff --git a/crates/format/src/metadata.rs b/crates/format/src/metadata.rs
index 2a21c73..d5c55be 100644
--- a/crates/format/src/metadata.rs
+++ b/crates/format/src/metadata.rs
@@ -2,7 +2,7 @@ use std::{
     cmp::Ordering,
     collections::BTreeMap,
     fmt::Display,
-    fs::{File, read_to_string},
+    fs::File,
     ops::Deref,
     path::{Path, PathBuf},
     str::FromStr,
@@ -11,7 +11,9 @@ use std::{
 use serde::{Deserialize, Serialize};
 
 use revive_common::EVMVersion;
-use revive_dt_common::{iterators::FilesWithExtensionIterator, macros::define_wrapper_type};
+use revive_dt_common::{
+    cached_fs::read_to_string, iterators::FilesWithExtensionIterator, macros::define_wrapper_type,
+};
 
 use crate::{
     case::Case,
@@ -259,7 +261,9 @@ impl Metadata {
             Ok(Box::new(std::iter::once(metadata_file_path.clone())))
         } else {
             Ok(Box::new(
-                FilesWithExtensionIterator::new(self.directory()?).with_allowed_extension("sol"),
+                FilesWithExtensionIterator::new(self.directory()?)
+                    .with_allowed_extension("sol")
+                    .with_use_cached_fs(true),
             ))
         }
     }
diff --git a/crates/node/src/pool.rs b/crates/node/src/pool.rs
index 8cb83cc..dfb71ab 100644
--- a/crates/node/src/pool.rs
+++ b/crates/node/src/pool.rs
@@ -1,11 +1,12 @@
 //! This crate implements concurrent handling of testing node.
 
 use std::{
-    fs::read_to_string,
     sync::atomic::{AtomicUsize, Ordering},
     thread,
 };
 
+use revive_dt_common::cached_fs::read_to_string;
+
 use anyhow::Context;
 use revive_dt_config::Arguments;