diff --git a/codeflash/code_utils/code_extractor.py b/codeflash/code_utils/code_extractor.py
index 6ddfe763a..fe4e5cf89 100644
--- a/codeflash/code_utils/code_extractor.py
+++ b/codeflash/code_utils/code_extractor.py
@@ -3,6 +3,7 @@
 import ast
 import time
 from dataclasses import dataclass
+from functools import lru_cache
 from importlib.util import find_spec
 from itertools import chain
 from pathlib import Path
@@ -513,7 +514,7 @@ def visit_Try(self, node: cst.Try) -> None:
 
 def extract_global_statements(source_code: str) -> tuple[cst.Module, list[cst.SimpleStatementLine]]:
     """Extract global statements from source code."""
-    module = cst.parse_module(source_code)
+    module = _parse_module_cached(source_code)
     collector = GlobalStatementCollector()
     module.visit(collector)
     return module, collector.global_statements
@@ -1581,3 +1582,15 @@ def get_opt_review_metrics(
     end_time = time.perf_counter()
     logger.debug(f"Got function references in {end_time - start_time:.2f} seconds")
     return calling_fns_details
+
+
+@lru_cache(maxsize=128)
+def _parse_module_cached(source_code: str) -> cst.Module:
+    """Cache parsed modules to avoid re-parsing the same source code."""
+    return cst.parse_module(source_code)
+
+
+@lru_cache(maxsize=128)
+def _parse_module_cached(source_code: str) -> cst.Module:
+    """Cache parsed modules to avoid re-parsing the same source code."""
+    return cst.parse_module(source_code)