diff --git a/services/clsi/app/js/ConversionController.js b/services/clsi/app/js/ConversionController.js
index eccdd39ad9..7214143fe5 100644
--- a/services/clsi/app/js/ConversionController.js
+++ b/services/clsi/app/js/ConversionController.js
@@ -9,7 +9,10 @@ import { pipeline } from 'node:stream/promises'
 import Settings from '@overleaf/settings'
 import Path from 'node:path'
 
-const SUPPORTED_CONVERSION_TYPES = new Map([['docx', 'docx']])
+const CONVERSION_CONFIGS = {
+  docx: { extension: 'docx' },
+  markdown: { extension: 'zip' },
+}
 
 async function convertDocumentToLaTeX(req, res) {
   const { path } = req.file
@@ -57,10 +60,10 @@ async function convertProjectToDocument(req, res) {
   }
 
   const type = req.query.type
-  const extension = SUPPORTED_CONVERSION_TYPES.get(type)
-  if (!extension) {
+  if (!Object.hasOwn(CONVERSION_CONFIGS, type)) {
     return res.sendStatus(400)
   }
+  const config = CONVERSION_CONFIGS[type]
 
   const request = await RequestParser.promises.parse(req.body)
   request.project_id = req.params.project_id
@@ -88,13 +91,12 @@ async function convertProjectToDocument(req, res) {
         conversionId,
         conversionDir,
         request.rootResourcePath,
-        type,
-        extension
+        type
       )
 
     const documentStat = await fs.stat(documentPath)
     res.setHeader('Content-Length', documentStat.size)
-    res.attachment(`output.${extension}`)
+    res.attachment(`output.${config.extension}`)
     res.setHeader('X-Content-Type-Options', 'nosniff')
     const readStream = fsSync.createReadStream(documentPath)
     await pipeline(readStream, res)
diff --git a/services/clsi/app/js/ConversionManager.js b/services/clsi/app/js/ConversionManager.js
index f8a0a3a049..4edd9ff333 100644
--- a/services/clsi/app/js/ConversionManager.js
+++ b/services/clsi/app/js/ConversionManager.js
@@ -116,12 +116,41 @@ async function convertToLaTeX(
   return Path.join(conversionDir, outputName)
 }
 
+const LATEX_EXPORT_CONFIGS = {
+  docx: {
+    fileExtension: 'docx',
+    compressOutput: false,
+    getPandocArgs: ({ outputPath }) => [
+      '--output',
+      outputPath,
+      '--from',
+      'latex',
+      '--to',
+      'docx',
+      '--resource-path=.',
+    ],
+  },
+  markdown: {
+    fileExtension: 'md',
+    compressOutput: true,
+    getPandocArgs: ({ outputPath, subdirName }) => [
+      '--output',
+      outputPath,
+      '--from',
+      'latex',
+      '--to',
+      'markdown',
+      '--resource-path=.',
+      `--extract-media=${subdirName}`,
+    ],
+  },
+}
+
 async function convertLaTeXToDocumentInDirWithLock(
   conversionId,
   compileDir,
   rootDocPath,
-  type,
-  extension
+  type
 ) {
   const lock = LockManager.acquire(compileDir)
   try {
@@ -129,8 +158,7 @@ async function convertLaTeXToDocumentInDirWithLock(
       conversionId,
       compileDir,
       rootDocPath,
-      type,
-      extension
+      type
     )
   } finally {
     lock.release()
@@ -141,11 +169,25 @@ async function convertLaTeXToDocumentInDir(
   conversionId,
   compileDir,
   rootDocPath = 'main.tex',
-  type,
-  extension
+  type
 ) {
-  const outputName = crypto.randomUUID() + '.' + extension
+  if (!Object.hasOwn(LATEX_EXPORT_CONFIGS, type)) {
+    throw new OError('unsupported conversion type', { type })
+  }
+  const config = LATEX_EXPORT_CONFIGS[type]
+
   const timeoutMs = Settings.conversionTimeoutSeconds * 1000
+  const outputId = crypto.randomUUID()
+
+  let pandocOutputPath, finalOutputName
+  if (config.compressOutput) {
+    await fs.mkdir(Path.join(compileDir, outputId), { recursive: true })
+    pandocOutputPath = Path.join(outputId, `main.${config.fileExtension}`)
+    finalOutputName = outputId + '.zip'
+  } else {
+    pandocOutputPath = outputId + '.' + config.fileExtension
+    finalOutputName = pandocOutputPath
+  }
 
   logger.debug(
     { compileDir, rootDocPath, type },
@@ -157,13 +199,10 @@ async function convertLaTeXToDocumentInDir(
     [
       'pandoc',
       rootDocPath,
-      '--output',
-      outputName,
-      '--from',
-      'latex',
-      '--to',
-      type,
-      '--resource-path=.',
+      ...config.getPandocArgs({
+        outputPath: pandocOutputPath,
+        subdirName: outputId,
+      }),
     ],
     compileDir,
     Settings.pandocImage,
@@ -181,7 +220,43 @@ async function convertLaTeXToDocumentInDir(
     })
   }
 
-  return Path.join(compileDir, outputName)
+  logger.debug(
+    { stdout, stderr, exitCode },
+    'pandoc latex-to-document conversion completed'
+  )
+
+  if (!config.compressOutput) {
+    return Path.join(compileDir, finalOutputName)
+  }
+
+  const {
+    exitCode: zipExitCode,
+    stdout: zipStdout,
+    stderr: zipStderr,
+  } = await CommandRunner.promises.run(
+    conversionId,
+    ['sh', '-c', `cd ${outputId} && zip -r ../${finalOutputName} .`],
+    compileDir,
+    Settings.pandocImage,
+    timeoutMs,
+    {},
+    'conversions'
+  )
+
+  if (zipExitCode !== 0) {
+    throw new OError('zip compression of export failed', {
+      exitCode: zipExitCode,
+      stdout: zipStdout,
+      stderr: zipStderr,
+    })
+  }
+
+  logger.debug(
+    { stdout: zipStdout, stderr: zipStderr, exitCode: zipExitCode },
+    'export compressed'
+  )
+
+  return Path.join(compileDir, finalOutputName)
 }
 
 export default {
diff --git a/services/clsi/test/unit/js/ConversionController.test.js b/services/clsi/test/unit/js/ConversionController.test.js
index 849a877646..a785d2139f 100644
--- a/services/clsi/test/unit/js/ConversionController.test.js
+++ b/services/clsi/test/unit/js/ConversionController.test.js
@@ -339,7 +339,7 @@ describe('ConversionController', function () {
         )
       })
 
-      it('should call convertLaTeXToDocumentInDirWithLock with docx type and extension', function (ctx) {
+      it('should call convertLaTeXToDocumentInDirWithLock with docx type', function (ctx) {
         sinon.assert.calledWith(
           ctx.ConversionManager.promises.convertLaTeXToDocumentInDirWithLock,
           sinon.match(
@@ -347,7 +347,6 @@ describe('ConversionController', function () {
           ),
           sinon.match(uuidDirPattern),
           'main.tex',
-          'docx',
           'docx'
         )
       })
@@ -385,6 +384,37 @@ describe('ConversionController', function () {
       })
     })
 
+    describe('with conversionType=markdown', function () {
+      beforeEach(async function (ctx) {
+        ctx.req.query = { type: 'markdown', projectName: 'My_Project' }
+        ctx.fs.stat.resolves(ctx.documentStat)
+
+        await ctx.ConversionController.convertProjectToDocument(
+          ctx.req,
+          ctx.res,
+          sinon.stub()
+        )
+      })
+
+      it('should call convertLaTeXToDocumentInDirWithLock with type=markdown', function (ctx) {
+        sinon.assert.calledWith(
+          ctx.ConversionManager.promises.convertLaTeXToDocumentInDirWithLock,
+          sinon.match(
+            /^[0-9a-f]{8}-[0-9a-f]{4}-[0-9a-f]{4}-[0-9a-f]{4}-[0-9a-f]{12}$/
+          ),
+          sinon.match(
+            /^\/compiles\/[0-9a-f]{8}-[0-9a-f]{4}-[0-9a-f]{4}-[0-9a-f]{4}-[0-9a-f]{12}$/
+          ),
+          'main.tex',
+          'markdown'
+        )
+      })
+
+      it('should set the attachment filename with .zip extension', function (ctx) {
+        sinon.assert.calledWith(ctx.res.attachment, 'output.zip')
+      })
+    })
+
     describe('when conversion fails', function () {
       beforeEach(async function (ctx) {
         ctx.next = sinon.stub()
diff --git a/services/clsi/test/unit/js/ConversionManager.test.js b/services/clsi/test/unit/js/ConversionManager.test.js
index 49ff520ee8..4f3d7f9f0e 100644
--- a/services/clsi/test/unit/js/ConversionManager.test.js
+++ b/services/clsi/test/unit/js/ConversionManager.test.js
@@ -362,8 +362,7 @@ describe('ConversionManager', function () {
             ctx.conversionId,
             ctx.compileDir,
             ctx.rootDocPath,
-            ctx.type,
-            ctx.extension
+            ctx.type
           )
       })
 
@@ -424,7 +423,6 @@ describe('ConversionManager', function () {
             ctx.conversionId,
             ctx.compileDir,
             'main.tex',
-            'docx',
             'docx'
           )
         ).to.be.rejectedWith('pandoc latex-to-document conversion failed')
@@ -433,4 +431,131 @@ describe('ConversionManager', function () {
       })
     })
   })
+
+  describe('convertLaTeXToDocumentInDirWithLock (type=markdown)', function () {
+    describe('successfully', function () {
+      beforeEach(async function (ctx) {
+        ctx.compileDir = '/compiles/test-compile-dir'
+        ctx.rootDocPath = 'main.tex'
+
+        ctx.result =
+          await ctx.ConversionManager.promises.convertLaTeXToDocumentInDirWithLock(
+            ctx.conversionId,
+            ctx.compileDir,
+            ctx.rootDocPath,
+            'markdown'
+          )
+      })
+
+      it('should acquire a lock on the compile dir', function (ctx) {
+        sinon.assert.calledWith(ctx.LockManager.acquire, ctx.compileDir)
+      })
+
+      it('should release the lock', function (ctx) {
+        sinon.assert.called(ctx.lock.release)
+      })
+
+      it('should create a UUID-named subdirectory', function (ctx) {
+        sinon.assert.calledWith(
+          ctx.fs.mkdir,
+          Path.join(ctx.compileDir, 'output-uuid'),
+          { recursive: true }
+        )
+      })
+
+      it('should run pandoc then zip (two commands total)', function (ctx) {
+        expect(ctx.CommandRunner.promises.run.callCount).toBe(2)
+      })
+
+      it('should run pandoc outputting main.md into the UUID-named subdir', function (ctx) {
+        expect(ctx.CommandRunner.promises.run.firstCall.args).toEqual([
+          ctx.conversionId,
+          [
+            'pandoc',
+            ctx.rootDocPath,
+            '--output',
+            Path.join('output-uuid', 'main.md'),
+            '--from',
+            'latex',
+            '--to',
+            'markdown',
+            '--resource-path=.',
+            '--extract-media=output-uuid',
+          ],
+          ctx.compileDir,
+          ctx.Settings.pandocImage,
+          60_000,
+          {},
+          'conversions',
+        ])
+      })
+
+      it('should zip the project-named subdirectory', function (ctx) {
+        expect(ctx.CommandRunner.promises.run.secondCall.args).toEqual([
+          ctx.conversionId,
+          ['sh', '-c', 'cd output-uuid && zip -r ../output-uuid.zip .'],
+          ctx.compileDir,
+          ctx.Settings.pandocImage,
+          60_000,
+          {},
+          'conversions',
+        ])
+      })
+
+      it('should return the path to the zip file', function (ctx) {
+        expect(ctx.result).toBe(Path.join(ctx.compileDir, 'output-uuid.zip'))
+      })
+
+      it('should convert conversion timeout to milliseconds', function (ctx) {
+        expect(ctx.CommandRunner.promises.run.firstCall.args[4]).toBe(60_000)
+        expect(ctx.CommandRunner.promises.run.secondCall.args[4]).toBe(60_000)
+      })
+    })
+
+    describe('when pandoc fails (non-zero exit code)', function () {
+      it('should reject with an error and release the lock', async function (ctx) {
+        ctx.compileDir = '/compiles/test-compile-dir'
+
+        ctx.CommandRunner.promises.run.resolves({
+          stdout: 'mock-stdout',
+          stderr: 'mock-stderr',
+          exitCode: 1,
+        })
+
+        await expect(
+          ctx.ConversionManager.promises.convertLaTeXToDocumentInDirWithLock(
+            ctx.conversionId,
+            ctx.compileDir,
+            'main.tex',
+            'markdown'
+          )
+        ).to.be.rejectedWith('pandoc latex-to-document conversion failed')
+
+        sinon.assert.called(ctx.lock.release)
+      })
+    })
+
+    describe('when zip fails (non-zero exit code)', function () {
+      it('should reject with an error and release the lock', async function (ctx) {
+        ctx.compileDir = '/compiles/test-compile-dir'
+
+        ctx.CommandRunner.promises.run
+          .onFirstCall()
+          .resolves({ stdout: '', stderr: '', exitCode: 0 })
+          .onSecondCall()
+          .resolves({ stdout: '', stderr: 'zip error', exitCode: 1 })
+
+        await expect(
+          ctx.ConversionManager.promises.convertLaTeXToDocumentInDirWithLock(
+            ctx.conversionId,
+            ctx.compileDir,
+            'main.tex',
+            'markdown'
+          )
+        ).to.be.rejectedWith('zip compression of export failed')
+
+        sinon.assert.called(ctx.lock.release)
+      })
+    })
+  })
 })
diff --git a/services/web/app/src/Features/Downloads/ProjectDownloadsController.mjs b/services/web/app/src/Features/Downloads/ProjectDownloadsController.mjs
index 520b5a712a..b39bb558ee 100644
--- a/services/web/app/src/Features/Downloads/ProjectDownloadsController.mjs
+++ b/services/web/app/src/Features/Downloads/ProjectDownloadsController.mjs
@@ -9,7 +9,10 @@ import DocumentConversionManager from '../Uploads/DocumentConversionManager.mjs'
 import { expressify } from '@overleaf/promise-utils'
 import { pipeline } from 'node:stream/promises'
 
-const SUPPORTED_CONVERSION_TYPES = new Map([['docx', 'docx']])
+const SUPPORTED_CONVERSION_TYPES = new Map([
+  ['docx', 'docx'],
+  ['markdown', 'zip'],
+])
 
 // Keep in sync with the logic for PDF files in CompileController
 function getSafeProjectName(project) {
@@ -30,14 +33,14 @@ async function exportProjectConversion(req, res) {
     name: true,
   })
 
+  const safeFileName = getSafeProjectName(project)
+
   const { stream, contentLength } =
     await DocumentConversionManager.promises.convertProjectToDocument(
       projectId,
       userId,
       type
     )
-
-  const safeFileName = getSafeProjectName(project)
   res.setHeader('Content-Length', contentLength)
   res.attachment(`${safeFileName}.${extension}`)
   res.setHeader('X-Content-Type-Options', 'nosniff')
diff --git a/services/web/app/src/Features/Project/ProjectController.mjs b/services/web/app/src/Features/Project/ProjectController.mjs
index de991e6297..85d3befde1 100644
--- a/services/web/app/src/Features/Project/ProjectController.mjs
+++ b/services/web/app/src/Features/Project/ProjectController.mjs
@@ -483,6 +483,7 @@ const _ProjectController = {
       'overleaf-code',
       'export-docx',
       'sharing-updates',
+      'export-markdown',
     ].filter(Boolean)
 
     const getUserValues = async userId =>
diff --git a/services/web/frontend/extracted-translations.json b/services/web/frontend/extracted-translations.json
index 535c5c8728..aa204c9d15 100644
--- a/services/web/frontend/extracted-translations.json
+++ b/services/web/frontend/extracted-translations.json
@@ -631,6 +631,7 @@
   "expires_in_days": "",
   "expires_on": "",
   "export_as_docx": "",
+  "export_as_markdown": "",
   "export_csv": "",
   "export_document_error": "",
   "export_project_to_github": "",
diff --git a/services/web/frontend/js/features/ide-react/components/toolbar/download-project.tsx b/services/web/frontend/js/features/ide-react/components/toolbar/download-project.tsx
index 390480430a..db5ffd0713 100644
--- a/services/web/frontend/js/features/ide-react/components/toolbar/download-project.tsx
+++ b/services/web/frontend/js/features/ide-react/components/toolbar/download-project.tsx
@@ -142,3 +142,43 @@ export const ExportProjectDocx = () => {
     </OLDropdownMenuItem>
   )
 }
+
+export const ExportProjectMarkdown = () => {
+  const { t } = useTranslation()
+  const { projectId } = useProjectContext()
+  const exportMarkdownEnabled = useFeatureFlag('export-markdown')
+  const enablePandocConversions =
+    getMeta('ol-ExposedSettings')?.enablePandocConversions
+  const anonymous = getMeta('ol-anonymous')
+
+  const showExportMarkdown =
+    exportMarkdownEnabled && enablePandocConversions && !anonymous
+
+  useCommandProvider(
+    () =>
+      showExportMarkdown
+        ? [
+            {
+              id: 'export-as-markdown',
+              href: `/project/${projectId}/download/conversion/markdown`,
+              label: t('export_as_markdown'),
+            },
+          ]
+        : [],
+    [t, showExportMarkdown, projectId]
+  )
+
+  if (!showExportMarkdown) {
+    return null
+  }
+
+  return (
+    <OLDropdownMenuItem
+      href={`/project/${projectId}/download/conversion/markdown`}
+      target="_blank"
+      rel="noreferrer"
+    >
+      {t('export_as_markdown')}
+    </OLDropdownMenuItem>
+  )
+}
diff --git a/services/web/frontend/js/features/ide-react/components/toolbar/menu-bar.tsx b/services/web/frontend/js/features/ide-react/components/toolbar/menu-bar.tsx
index a0a16427e8..ce3e7a498e 100644
--- a/services/web/frontend/js/features/ide-react/components/toolbar/menu-bar.tsx
+++ b/services/web/frontend/js/features/ide-react/components/toolbar/menu-bar.tsx
@@ -95,6 +95,7 @@ export const ToolbarMenuBar = () => {
               'download-as-source-zip',
               'download-pdf',
               'export-as-docx',
+              'export-as-markdown',
             ],
           },
         ],
diff --git a/services/web/frontend/js/features/ide-react/components/toolbar/project-title.tsx b/services/web/frontend/js/features/ide-react/components/toolbar/project-title.tsx
index 50fa058041..45bd5974c0 100644
--- a/services/web/frontend/js/features/ide-react/components/toolbar/project-title.tsx
+++ b/services/web/frontend/js/features/ide-react/components/toolbar/project-title.tsx
@@ -14,6 +14,7 @@ import {
   DownloadProjectPDF,
   DownloadProjectZip,
   ExportProjectDocx,
+  ExportProjectMarkdown,
 } from './download-project'
 import { useCallback, useState } from 'react'
 import OLDropdownMenuItem from '@/shared/components/ol/ol-dropdown-menu-item'
@@ -81,6 +82,7 @@ export const ToolbarProjectTitle = () => {
         <DownloadProjectPDF />
         <DownloadProjectZip />
         <ExportProjectDocx />
+        <ExportProjectMarkdown />
         <DropdownDivider />
         <DuplicateProject />
         <OLDropdownMenuItem
diff --git a/services/web/locales/en.json b/services/web/locales/en.json
index ac1adcd8c4..fc440130ae 100644
--- a/services/web/locales/en.json
+++ b/services/web/locales/en.json
@@ -836,6 +836,7 @@
   "expiry": "Expiry Date",
   "explore_all_plans": "Explore all plans",
   "export_as_docx": "Export as Word document (.docx)",
+  "export_as_markdown": "Export as Markdown (.md)",
   "export_csv": "Export CSV",
   "export_document_error": "Export failed. Please try again.",
   "export_project_to_github": "Export Project to GitHub",
diff --git a/services/web/test/unit/src/Downloads/ProjectDownloadsController.test.mjs b/services/web/test/unit/src/Downloads/ProjectDownloadsController.test.mjs
index e0c25e503e..1c7164e5f3 100644
--- a/services/web/test/unit/src/Downloads/ProjectDownloadsController.test.mjs
+++ b/services/web/test/unit/src/Downloads/ProjectDownloadsController.test.mjs
@@ -340,5 +340,71 @@ describe('ProjectDownloadsController', function () {
         sinon.assert.calledWith(ctx.pipeline, ctx.exportStream, ctx.res)
       })
     })
+
+    describe('with type=markdown', function () {
+      beforeEach(async function (ctx) {
+        ctx.projectId = 'test-project-id'
+        ctx.userId = 'test-user-id'
+        ctx.projectName = 'My Test Project'
+        ctx.exportStream = { pipe: sinon.stub() }
+        ctx.contentLength = 9876
+
+        ctx.req.params = { Project_id: ctx.projectId, type: 'markdown' }
+        ctx.req.session = { user: { _id: ctx.userId } }
+        ctx.req.ip = '192.168.1.1'
+
+        ctx.res.attachment = sinon.stub().returns(ctx.res)
+
+        ctx.SessionManager.getLoggedInUserId.returns(ctx.userId)
+        ctx.ProjectGetter.promises.getProject.resolves({
+          name: ctx.projectName,
+        })
+        ctx.DocumentConversionManager.promises.convertProjectToDocument.resolves(
+          {
+            stream: ctx.exportStream,
+            contentLength: ctx.contentLength,
+          }
+        )
+
+        await ctx.ProjectDownloadsController.exportProjectConversion(
+          ctx.req,
+          ctx.res,
+          ctx.next
+        )
+      })
+
+      it('should call convertProjectToDocument with the markdown type', function (ctx) {
+        sinon.assert.calledWith(
+          ctx.DocumentConversionManager.promises.convertProjectToDocument,
+          ctx.projectId,
+          ctx.userId,
+          'markdown'
+        )
+      })
+
+      it('should set the attachment filename with .zip extension', function (ctx) {
+        sinon.assert.calledWith(ctx.res.attachment, 'My_Test_Project.zip')
+      })
+
+      it('should add an audit log entry for markdown export', function (ctx) {
+        sinon.assert.calledWith(
+          ctx.ProjectAuditLogHandler.addEntryInBackground,
+          ctx.projectId,
+          'project-exported-markdown',
+          ctx.userId,
+          ctx.req.ip
+        )
+      })
+
+      it('should record the action via Metrics with markdown type', function (ctx) {
+        ctx.Metrics.inc
+          .calledWith('document-exports', 1, { type: 'markdown' })
+          .should.equal(true)
+      })
+
+      it('should stream the document to the response', function (ctx) {
+        sinon.assert.calledWith(ctx.pipeline, ctx.exportStream, ctx.res)
+      })
+    })
   })
 })
diff --git a/services/web/test/unit/src/Uploads/DocumentConversionManager.test.mjs b/services/web/test/unit/src/Uploads/DocumentConversionManager.test.mjs
index 2296ddcbe7..9a4175705d 100644
--- a/services/web/test/unit/src/Uploads/DocumentConversionManager.test.mjs
+++ b/services/web/test/unit/src/Uploads/DocumentConversionManager.test.mjs
@@ -311,7 +311,7 @@ describe('DocumentConversionManager', function () {
       })
     })
 
-    describe('successfully', function () {
+    describe('successfully converts the document', function () {
       beforeEach(async function (ctx) {
         ctx.result =
           await ctx.DocumentConversionManager.promises.convertProjectToDocument(