diff --git a/dashboard.py b/dashboard.py
index 067ac30..881bdb8 100644
--- a/dashboard.py
+++ b/dashboard.py
@@ -113,6 +113,31 @@ def get_dashboard_data(db_path=DB_PATH):
         ORDER BY last_timestamp DESC
     """).fetchall()
 
+    # Per-session, per-model token breakdown — pricing a session's total tokens
+    # at its single primary model overbills sub-agent turns run on a cheaper
+    # model. This lets the client price each model's share separately.
+    breakdown_rows = conn.execute("""
+        SELECT
+            session_id,
+            COALESCE(NULLIF(model, ''), 'unknown') as model,
+            SUM(input_tokens)          as input,
+            SUM(output_tokens)         as output,
+            SUM(cache_read_tokens)     as cache_read,
+            SUM(cache_creation_tokens) as cache_creation
+        FROM turns
+        GROUP BY session_id, COALESCE(NULLIF(model, ''), 'unknown')
+    """).fetchall()
+
+    session_breakdown = {}
+    for r in breakdown_rows:
+        session_breakdown.setdefault(r["session_id"], []).append({
+            "model":          r["model"],
+            "input":          r["input"] or 0,
+            "output":         r["output"] or 0,
+            "cache_read":     r["cache_read"] or 0,
+            "cache_creation": r["cache_creation"] or 0,
+        })
+
     sessions_all = []
     for r in session_rows:
         try:
@@ -137,6 +162,7 @@ def get_dashboard_data(db_path=DB_PATH):
             "output":        r["total_output_tokens"] or 0,
             "cache_read":    r["total_cache_read"] or 0,
             "cache_creation": r["total_cache_creation"] or 0,
+            "by_model":      session_breakdown.get(r["session_id"], []),
         })
 
     # ── Subagent breakdown by type, by day & model ────────────────────────────
@@ -782,6 +808,27 @@ def get_dashboard_data(db_path=DB_PATH):
   );
 }
 
+// Prices a session's tokens per turn model (via its by_model breakdown)
+// instead of its single primary model, so sub-agent turns on cheaper models
+// aren't billed at the session's main-model rate. Falls back to calcCost on
+// the session totals for old DBs / an empty breakdown.
+function sessionCost(s) {
+  if (s.by_model && s.by_model.length) {
+    return s.by_model.reduce((sum, m) => sum + calcCost(m.model, m.input, m.output, m.cache_read, m.cache_creation), 0);
+  }
+  return calcCost(s.model, s.input, s.output, s.cache_read, s.cache_creation);
+}
+
+// A session can be billable even when its primary model isn't (e.g. a
+// non-billable main model that dispatched a billable sub-agent), so this
+// checks the whole breakdown rather than just s.model.
+function sessionIsBillable(s) {
+  if (s.by_model && s.by_model.length) {
+    return s.by_model.some(m => isBillable(m.model));
+  }
+  return isBillable(s.model);
+}
+
 // ── Formatting ─────────────────────────────────────────────────────────────
 function fmt(n) {
   if (n >= 1e9) return (n/1e9).toFixed(2)+'B';
@@ -1149,8 +1196,8 @@ def get_dashboard_data(db_path=DB_PATH):
   return [...sessions].sort((a, b) => {
     let av, bv;
     if (sessionSortCol === 'cost') {
-      av = calcCost(a.model, a.input, a.output, a.cache_read, a.cache_creation);
-      bv = calcCost(b.model, b.input, b.output, b.cache_read, b.cache_creation);
+      av = sessionCost(a);
+      bv = sessionCost(b);
     } else if (sessionSortCol === 'duration_min') {
       av = parseFloat(a.duration_min) || 0;
       bv = parseFloat(b.duration_min) || 0;
@@ -1223,7 +1270,7 @@ def get_dashboard_data(db_path=DB_PATH):
     p.cache_creation += s.cache_creation;
     p.turns          += s.turns;
     p.sessions++;
-    p.cost += calcCost(s.model, s.input, s.output, s.cache_read, s.cache_creation);
+    p.cost += sessionCost(s);
   }
   const byProject = Object.values(projMap).sort((a, b) => (b.input + b.output) - (a.input + a.output));
 
@@ -1239,7 +1286,7 @@ def get_dashboard_data(db_path=DB_PATH):
     pb.cache_creation += s.cache_creation;
     pb.turns          += s.turns;
     pb.sessions++;
-    pb.cost += calcCost(s.model, s.input, s.output, s.cache_read, s.cache_creation);
+    pb.cost += sessionCost(s);
   }
   const byProjectBranch = Object.values(projBranchMap).sort((a, b) => b.cost - a.cost);
 
@@ -1653,8 +1700,8 @@ def get_dashboard_data(db_path=DB_PATH):
 function renderSessionsTable(sessions) {
   const shown = sessions.slice(0, shownCount(sessionsLimit, sessions.length));
   document.getElementById('sessions-body').innerHTML = shown.map(s => {
-    const cost = calcCost(s.model, s.input, s.output, s.cache_read, s.cache_creation);
-    const costCell = isBillable(s.model)
+    const cost = sessionCost(s);
+    const costCell = sessionIsBillable(s)
       ? `<td class="cost">${fmtCost(cost)}</td>`
       : `<td class="cost-na">n/a</td>`;
     const titleCell = s.topic
@@ -1865,7 +1912,7 @@ def get_dashboard_data(db_path=DB_PATH):
 function exportSessionsCSV() {
   const header = ['Session', 'Project', 'Title', 'Last Active', 'Duration (min)', 'Model', 'Turns', 'Input', 'Output', 'Cache Read', 'Cache Creation', 'Est. Cost'];
   const rows = lastFilteredSessions.map(s => {
-    const cost = calcCost(s.model, s.input, s.output, s.cache_read, s.cache_creation);
+    const cost = sessionCost(s);
     return [s.session_id, s.project, s.topic, s.last, s.duration_min, s.model, s.turns, s.input, s.output, s.cache_read, s.cache_creation, cost.toFixed(4)];
   });
   downloadCSV('sessions', header, rows);
diff --git a/tests/test_dashboard.py b/tests/test_dashboard.py
index 2f3b5a1..b4f0629 100644
--- a/tests/test_dashboard.py
+++ b/tests/test_dashboard.py
@@ -494,5 +494,86 @@ def test_prices_match(self):
             )
 
 
+class TestSessionByModelBreakdown(unittest.TestCase):
+    """Regression (#160): a session's turns can span multiple models (e.g. a
+    sub-agent dispatch on a cheaper model). sessions_all must carry a
+    per-model token breakdown so the dashboard prices each model's share
+    separately instead of billing the whole session at its primary model."""
+
+    def setUp(self):
+        self.tmpfile = tempfile.NamedTemporaryFile(suffix=".db", delete=False)
+        self.tmpfile.close()
+        self.db_path = Path(self.tmpfile.name)
+        conn = get_db(self.db_path)
+        init_db(conn)
+        upsert_sessions(conn, [{
+            "session_id": "sess-multi", "project_name": "user/myproject",
+            "first_timestamp": "2026-04-08T09:00:00Z",
+            "last_timestamp": "2026-04-08T10:00:00Z",
+            "git_branch": "main", "model": "claude-fable-5",
+            "total_input_tokens": 6000, "total_output_tokens": 2500,
+            "total_cache_read": 300, "total_cache_creation": 100,
+            "turn_count": 3,
+        }])
+        insert_turns(conn, [
+            {
+                "session_id": "sess-multi", "timestamp": "2026-04-08T09:00:00Z",
+                "model": "claude-fable-5", "input_tokens": 3000,
+                "output_tokens": 1500, "cache_read_tokens": 200,
+                "cache_creation_tokens": 50, "tool_name": None, "cwd": "/tmp",
+                "message_id": "msg-multi-1",
+            },
+            {
+                "session_id": "sess-multi", "timestamp": "2026-04-08T09:15:00Z",
+                "model": "claude-fable-5", "input_tokens": 2000,
+                "output_tokens": 500, "cache_read_tokens": 50,
+                "cache_creation_tokens": 20, "tool_name": None, "cwd": "/tmp",
+                "message_id": "msg-multi-2",
+            },
+            {
+                "session_id": "sess-multi", "timestamp": "2026-04-08T09:30:00Z",
+                "model": "claude-sonnet-4-6", "input_tokens": 1000,
+                "output_tokens": 500, "cache_read_tokens": 50,
+                "cache_creation_tokens": 30, "tool_name": None, "cwd": "/tmp",
+                "message_id": "msg-multi-3", "is_subagent": 1,
+            },
+        ])
+        conn.commit()
+        conn.close()
+
+    def tearDown(self):
+        os.unlink(self.db_path)
+
+    def test_by_model_has_both_models(self):
+        data = get_dashboard_data(db_path=self.db_path)
+        session = data["sessions_all"][0]
+        self.assertIn("by_model", session)
+        models = {m["model"] for m in session["by_model"]}
+        self.assertEqual(models, {"claude-fable-5", "claude-sonnet-4-6"})
+
+    def test_by_model_per_model_sums(self):
+        data = get_dashboard_data(db_path=self.db_path)
+        session = data["sessions_all"][0]
+        by_model = {m["model"]: m for m in session["by_model"]}
+        fable = by_model["claude-fable-5"]
+        self.assertEqual(fable["input"], 5000)
+        self.assertEqual(fable["output"], 2000)
+        self.assertEqual(fable["cache_read"], 250)
+        self.assertEqual(fable["cache_creation"], 70)
+        sonnet = by_model["claude-sonnet-4-6"]
+        self.assertEqual(sonnet["input"], 1000)
+        self.assertEqual(sonnet["output"], 500)
+        self.assertEqual(sonnet["cache_read"], 50)
+        self.assertEqual(sonnet["cache_creation"], 30)
+
+    def test_by_model_totals_match_session_totals(self):
+        data = get_dashboard_data(db_path=self.db_path)
+        session = data["sessions_all"][0]
+        self.assertEqual(sum(m["input"] for m in session["by_model"]), session["input"])
+        self.assertEqual(sum(m["output"] for m in session["by_model"]), session["output"])
+        self.assertEqual(sum(m["cache_read"] for m in session["by_model"]), session["cache_read"])
+        self.assertEqual(sum(m["cache_creation"] for m in session["by_model"]), session["cache_creation"])
+
+
 if __name__ == "__main__":
     unittest.main()