diff --git a/README.md b/README.md
index 7c7af30..6d2fa08 100644
--- a/README.md
+++ b/README.md
@@ -200,10 +200,10 @@ path under `/v1/` answers 200, in maintenance mode too.
   `image_requests_per_minute` (below); 415 when the upstream answers with a
   `Content-Type` that is not one of the source formats (below), or with an image
   whose first bytes libvips reads as another format; 502 when the upstream
-  answered with an error status, and for 5 minutes after that for the same
-  source URL, though an image of it that is already in the cache is still
-  served; 503 when pixa is busy or in maintenance mode; 500 for any other
-  failure.
+  answered with an error status, and for 5 minutes after that for an image of
+  the same source URL that pixa can neither serve from its cache nor make from
+  the source image still in its cache; 503 when pixa is busy or in maintenance
+  mode; 500 for any other failure.
 - `GET` or `HEAD` `/v1/e/<token>/<name>` — an image through an encrypted URL
   (see Encrypted URLs). Needs: nothing but the URL. Answers: 200; 304 when
   `If-None-Match` matches the image's `ETag`; 400 for a token that does not
diff --git a/TODO.md b/TODO.md
index 3884a64..32db961 100644
--- a/TODO.md
+++ b/TODO.md
@@ -33,10 +33,13 @@ P2: security: per-origin rate limiting
 - 2026-10-15 a cached variant is served while its source URL is in the negative
   cache (closes #245): `Get` checked the negative cache before the variant
   cache, so once a fetch of the source failed, as one does when another variant
-  misses after the source was evicted and the upstream is down, every cached
-  variant of that source answered 502 for 5 minutes. `Get` now serves a cached
-  variant first and checks the negative cache only on a miss, before processing.
-  `README.md` says so under `/v1/image/`.
+  misses after the source was evicted and the upstream is down, every variant of
+  that source answered 502 for 5 minutes, also one on disk or one that could be
+  made from the cached source. The negative cache is now checked only just
+  before a fetch from the upstream, so a cached variant is served and a variant
+  not in the cache is made from the cached source when there is one. `README.md`
+  says so under `/v1/image/`. A refusal from the negative cache now counts as a
+  miss, as any other request that misses the variant cache does.
 - 2026-10-15 the example config allowlists no host (closes #249): it allowlisted
   `github.com` and `user-images.githubusercontent.com`, where anyone can put an
   image, so a deployment set up as Getting Started says served those images to
diff --git a/internal/imgcache/service.go b/internal/imgcache/service.go
index 6054cb5..2301814 100644
--- a/internal/imgcache/service.go
+++ b/internal/imgcache/service.go
@@ -128,9 +128,10 @@ func NewService(cfg *ServiceConfig) (*Service, error) {
 // ErrNegativeCached is returned when a URL is in the negative cache (recently failed).
 var ErrNegativeCached = errors.New("request is in negative cache (recently failed)")
 
-// Get retrieves a processed image, fetching and processing if necessary. A
-// cached variant is served even while its source URL is in the negative
-// cache, which refuses only a variant that is not cached.
+// Get retrieves a processed image, fetching and processing if necessary.
+// While its source URL is in the negative cache, a cached variant is still
+// served and a variant not in the cache is still made from a cached source;
+// only a request that needs the source fetched is refused.
 func (s *Service) Get(ctx context.Context, req *ImageRequest) (*ImageResponse, error) {
 	// Propagate AllowHTTP setting to the request
 	req.AllowHTTP = s.allowHTTP
@@ -161,21 +162,6 @@ func (s *Service) Get(ctx context.Context, req *ImageRequest) (*ImageResponse, e
 		}
 	}
 
-	// Check negative cache - skip fetching for recently-failed URLs
-	negHit, err := s.cache.checkNegativeCache(ctx, req)
-	if err != nil {
-		s.log.Warn("negative cache check failed", "error", err)
-	}
-
-	if negHit {
-		s.log.Debug("negative cache hit",
-			"host", req.SourceHost,
-			"path", req.SourcePath,
-		)
-
-		return nil, fmt.Errorf("%w: %w", httpfetcher.ErrUpstreamError, ErrNegativeCached)
-	}
-
 	// Cache miss - get the variant, processed once for all the requests that
 	// miss it at the same time, then count this request's miss, also when it
 	// failed or the request context has ended meanwhile
@@ -425,12 +411,28 @@ func (s *Service) processFromSourceOrFetch(
 
 // fetchAndProcess fetches from upstream, processes, and caches the result.
 // It counts the fetch with the bytes read from upstream, including when
-// reading the response or a later step fails.
+// reading the response or a later step fails. It fetches nothing while the
+// source URL is in the negative cache.
 func (s *Service) fetchAndProcess(
 	ctx context.Context,
 	req *ImageRequest,
 	cacheKey VariantKey,
 ) (*processedVariant, error) {
+	// Check negative cache - skip fetching for recently-failed URLs
+	negHit, err := s.cache.checkNegativeCache(ctx, req)
+	if err != nil {
+		s.log.Warn("negative cache check failed", "error", err)
+	}
+
+	if negHit {
+		s.log.Debug("negative cache hit",
+			"host", req.SourceHost,
+			"path", req.SourcePath,
+		)
+
+		return nil, fmt.Errorf("%w: %w", httpfetcher.ErrUpstreamError, ErrNegativeCached)
+	}
+
 	// Fetch from upstream
 	sourceURL := req.SourceURL()