diff --git a/packages/metro-file-map/src/cache/DiskCacheManager.js b/packages/metro-file-map/src/cache/DiskCacheManager.js
index 6458b9a7c9..f791d38365 100644
--- a/packages/metro-file-map/src/cache/DiskCacheManager.js
+++ b/packages/metro-file-map/src/cache/DiskCacheManager.js
@@ -68,8 +68,14 @@ export class DiskCacheManager implements CacheManager {
   async read(): Promise<?InternalData> {
     try {
       return deserialize(readFileSync(this._cachePath));
-    } catch {}
-    return null;
+    } catch (e) {
+      if (e?.code === 'ENOENT') {
+        // Cache file not found - not considered an error.
+        return null;
+      }
+      // Rethrow anything else.
+      throw e;
+    }
   }
 
   async write(
diff --git a/packages/metro-file-map/src/index.js b/packages/metro-file-map/src/index.js
index 19df822553..b8019df8b5 100644
--- a/packages/metro-file-map/src/index.js
+++ b/packages/metro-file-map/src/index.js
@@ -411,7 +411,15 @@ export default class HasteMap extends EventEmitter {
     this._options.perfLogger?.point('read_start');
     try {
       data = await this._cacheManager.read();
-    } catch {}
+    } catch (e) {
+      this._console.warn(
+        'Error while reading cache, falling back to a full crawl:\n',
+        e,
+      );
+      this._options.perfLogger?.annotate({
+        string: {cacheReadError: e.toString()},
+      });
+    }
     data = data ?? this._createEmptyMap();
     this._options.perfLogger?.point('read_end');