diff --git a/src/appState.ts b/src/appState.ts
index eb7aa37d4..0dec0b1df 100644
--- a/src/appState.ts
+++ b/src/appState.ts
@@ -73,7 +73,7 @@ export const getDefaultAppState = (): Omit<
     zenModeEnabled: false,
     zoom: { value: 1 as NormalizedZoomValue, translation: { x: 0, y: 0 } },
     viewModeEnabled: false,
-    networkSpeed: "…",
+    networkSpeed: 0,
   };
 };
 
diff --git a/src/components/App.tsx b/src/components/App.tsx
index abf63974d..4215370a2 100644
--- a/src/components/App.tsx
+++ b/src/components/App.tsx
@@ -1032,7 +1032,7 @@ class App extends React.Component<ExcalidrawProps, AppState> {
       return;
     }
     const speed = await getNetworkSpeed();
-    const networkSpeed = speed === "-1" ? "Error!" : speed;
+    const networkSpeed = speed;
     this.setState({ networkSpeed });
     if (this.netStatsIntervalId) {
       clearTimeout(this.netStatsIntervalId);
diff --git a/src/components/Stats.tsx b/src/components/Stats.tsx
index 261213d8b..8515fe583 100644
--- a/src/components/Stats.tsx
+++ b/src/components/Stats.tsx
@@ -11,7 +11,7 @@ import { t } from "../i18n";
 import useIsMobile from "../is-mobile";
 import { getTargetElements } from "../scene";
 import { AppState } from "../types";
-import { debounce, getVersion, nFormatter } from "../utils";
+import { debounce, formatSpeed, getVersion, nFormatter } from "../utils";
 import { close } from "./icons";
 import { Island } from "./Island";
 import "./Stats.scss";
@@ -182,7 +182,13 @@ export const Stats = (props: {
                 </tr>
                 <tr>
                   <td>{t("stats.speed")}</td>
-                  <td>{props.appState.networkSpeed}</td>
+                  <td>
+                    {props.appState.networkSpeed === 0
+                      ? "…"
+                      : props.appState.networkSpeed > 0
+                      ? formatSpeed(props.appState.networkSpeed)
+                      : t("stats.error")}
+                  </td>
                 </tr>
               </>
             ) : null}
diff --git a/src/locales/en.json b/src/locales/en.json
index 04058d7a9..e7a688b73 100644
--- a/src/locales/en.json
+++ b/src/locales/en.json
@@ -231,6 +231,7 @@
     "collaborators": "Collaborators",
     "element": "Element",
     "elements": "Elements",
+    "error": "Error",
     "height": "Height",
     "scene": "Scene",
     "selected": "Selected",
diff --git a/src/networkStats.ts b/src/networkStats.ts
index 309571c28..4a289194a 100644
--- a/src/networkStats.ts
+++ b/src/networkStats.ts
@@ -1,38 +1,36 @@
 const IMAGE_URL = `${process.env.REACT_APP_SOCKET_SERVER_URL}/test256.png`;
 const IMAGE_SIZE_BYTES = 141978;
 
-const calculateSpeed = (startTime: number, endTime: number) => {
+const getSpeed = (
+  imageSize: number,
+  startTime: number,
+  endTime: number,
+): number => {
   const duration = (endTime - startTime) / 1000;
-  const imageSizeInBits = IMAGE_SIZE_BYTES * 8;
-  let speed = imageSizeInBits / duration;
-  // source: en.wikipedia.org/wiki/Data-rate_units#Conversion_table
-  const suffix = ["B/s", "kB/s", "MB/s", "GB/s"];
-  let index = 0;
-  while (speed > 1000) {
-    index++;
-    speed = speed / 1000;
+  if (duration > 0) {
+    return imageSize / duration;
   }
-  return `${speed.toFixed(index > 1 ? 1 : 0)} ${suffix[index]}`;
+  return 0;
 };
 
-const processImage = (): Promise<string> => {
+const processImage = (): Promise<number> => {
   return new Promise((resolve) => {
     const image = new Image();
     let endTime: number;
     image.onload = () => {
       endTime = new Date().getTime();
-      const speed = calculateSpeed(startTime, endTime);
+      const speed = getSpeed(IMAGE_SIZE_BYTES, startTime, endTime);
       resolve(speed);
     };
 
     image.onerror = () => {
-      resolve("-1");
+      resolve(-1);
     };
 
     const startTime = new Date().getTime();
     image.src = `${IMAGE_URL}?t=${startTime}`;
   });
 };
-export const getNetworkSpeed = async (): Promise<string> => {
+export const getNetworkSpeed = async (): Promise<number> => {
   return await processImage();
 };
diff --git a/src/types.ts b/src/types.ts
index 69d5217b8..50b83a314 100644
--- a/src/types.ts
+++ b/src/types.ts
@@ -88,7 +88,7 @@ export type AppState = {
   appearance: "light" | "dark";
   gridSize: number | null;
   viewModeEnabled: boolean;
-  networkSpeed: string;
+  networkSpeed: number;
 
   /** top-most selected groups (i.e. does not include nested groups) */
   selectedGroupIds: { [groupId: string]: boolean };
diff --git a/src/utils.ts b/src/utils.ts
index 2532aefcc..65473c5ef 100644
--- a/src/utils.ts
+++ b/src/utils.ts
@@ -363,6 +363,17 @@ export const nFormatter = (num: number, digits: number): string => {
   );
 };
 
+export const formatSpeed = (speed: number): string => {
+  // source: en.wikipedia.org/wiki/Data-rate_units#Conversion_table
+  const suffix = ["B/s", "kB/s", "MB/s", "GB/s"];
+  let index = 0;
+  while (speed > 1000) {
+    index++;
+    speed = speed / 1000;
+  }
+  return `${speed.toFixed(index > 1 ? 1 : 0)} ${suffix[index]}`;
+};
+
 export const getVersion = () => {
   return (
     document.querySelector<HTMLMetaElement>('meta[name="version"]')?.content ||