diff --git a/tests/benchmark/run.sh b/tests/benchmark/run.sh
index d59b497..8e43fe8 100755
--- a/tests/benchmark/run.sh
+++ b/tests/benchmark/run.sh
@@ -32,8 +32,8 @@ run_benchmark() {
 	echo -e "${BLUE}=== $name ===${NC}"
 	echo ""
 
-	# Measure compilation time
-	echo -n "  Compilation time:     "
+	# Measure compilation time only
+	echo -n "  Compilation only:     "
 	local compile_start
 	compile_start=$(date +%s%N)
 	"$IRC_BIN" "$file" /tmp/bench.nixir >/dev/null 2>&1
@@ -42,6 +42,42 @@ run_benchmark() {
 	local compile_ms=$(((compile_end - compile_start) / 1000000))
 	echo -e "${YELLOW}${compile_ms}ms${NC}"
 
+	# Measure IR loading only (deserialization + evaluation)
+	echo -n "  IR load only:         "
+	PLUGIN_PATH="$(pwd)/build/nix-ir-plugin.so"
+	if [ ! -f "$PLUGIN_PATH" ]; then
+		echo -e "${YELLOW}skipped${NC} (plugin not built)"
+	else
+		# Pre-compile the IR
+		"$IRC_BIN" "$file" /tmp/bench.nixir >/dev/null 2>&1
+
+		# Measure just the loading (average of 10 runs to reduce noise)
+		local total_load_us=0
+		for _ in {1..10}; do
+			local load_output
+			load_output=$(nix-instantiate --plugin-files "$PLUGIN_PATH" --eval --expr "builtins.nixIR_loadIR \"/tmp/bench.nixir\"" 2>&1 >/dev/null | grep "nixIR timing" | grep -oP 'total=\K[0-9]+')
+			total_load_us=$((total_load_us + load_output))
+		done
+		local avg_load_us=$((total_load_us / 10))
+		local avg_load_ms_frac=$(awk "BEGIN {printf \"%.3f\", $avg_load_us / 1000}")
+		echo -e "${GREEN}${avg_load_ms_frac}ms${NC} avg (10 runs)"
+	fi
+
+	# Measure full pipeline (compile + nix-instantiate overhead + IR load)
+	echo -n "  Full pipeline:        "
+	if [ ! -f "$PLUGIN_PATH" ]; then
+		echo -e "${YELLOW}skipped${NC}"
+	else
+		local pipeline_start
+		pipeline_start=$(date +%s%N)
+		"$IRC_BIN" "$file" /tmp/bench.nixir >/dev/null 2>&1
+		nix-instantiate --plugin-files "$PLUGIN_PATH" --eval --expr "builtins.nixIR_loadIR \"/tmp/bench.nixir\"" >/dev/null 2>&1
+		local pipeline_end
+		pipeline_end=$(date +%s%N)
+		local pipeline_ms=$(((pipeline_end - pipeline_start) / 1000000))
+		echo -e "${YELLOW}${pipeline_ms}ms${NC}"
+	fi
+
 	# Source and IR sizes
 	local src_size
 	src_size=$(stat -c%s "$file" 2>/dev/null || stat -f%z "$file" 2>/dev/null)