diff --git a/apps/web/src/locales/en/messages.json b/apps/web/src/locales/en/messages.json
index 2e0fd99bbcc..36d68429ac6 100644
--- a/apps/web/src/locales/en/messages.json
+++ b/apps/web/src/locales/en/messages.json
@@ -343,6 +343,12 @@
   "reviewNow": {
     "message": "Review now"
   },
+  "allCaughtUp": {
+    "message": "All caught up!"
+  },
+  "noNewApplicationsToReviewAtThisTime": {
+    "message": "No new applications to review at this time"
+  },
   "prioritizeCriticalApplications": {
     "message": "Prioritize critical applications"
   },
diff --git a/bitwarden_license/bit-web/src/app/dirt/access-intelligence/activity/activity-card.component.html b/bitwarden_license/bit-web/src/app/dirt/access-intelligence/activity/activity-card.component.html
index 756907d24e6..73f98034f0a 100644
--- a/bitwarden_license/bit-web/src/app/dirt/access-intelligence/activity/activity-card.component.html
+++ b/bitwarden_license/bit-web/src/app/dirt/access-intelligence/activity/activity-card.component.html
@@ -2,7 +2,7 @@
   <span bitTypography="h6" class="tw-flex tw-text-main">{{ title }}</span>
   <div class="tw-flex tw-items-baseline tw-gap-2">
     @if (iconClass) {
-      <i class="bwi {{ iconClass }} tw-text-muted" aria-hidden="true"></i>
+      <i class="bwi {{ iconClass }} {{ iconColorClass }}" aria-hidden="true"></i>
     }
     <span bitTypography="h3">{{ cardMetrics }}</span>
   </div>
diff --git a/bitwarden_license/bit-web/src/app/dirt/access-intelligence/activity/activity-card.component.ts b/bitwarden_license/bit-web/src/app/dirt/access-intelligence/activity/activity-card.component.ts
index 427e7262f50..24d931165a7 100644
--- a/bitwarden_license/bit-web/src/app/dirt/access-intelligence/activity/activity-card.component.ts
+++ b/bitwarden_license/bit-web/src/app/dirt/access-intelligence/activity/activity-card.component.ts
@@ -58,6 +58,14 @@ export class ActivityCardComponent {
   // eslint-disable-next-line @angular-eslint/prefer-signals
   @Input() iconClass: string | null = null;
 
+  /**
+   * CSS class for icon color (e.g., "tw-text-success", "tw-text-muted").
+   * Defaults to "tw-text-muted" if not provided.
+   */
+  // FIXME(https://bitwarden.atlassian.net/browse/CL-903): Migrate to Signals
+  // eslint-disable-next-line @angular-eslint/prefer-signals
+  @Input() iconColorClass: string = "tw-text-muted";
+
   /**
    * Button text. If provided, a button will be displayed instead of a navigation link.
    */
diff --git a/bitwarden_license/bit-web/src/app/dirt/access-intelligence/activity/all-activity.component.html b/bitwarden_license/bit-web/src/app/dirt/access-intelligence/activity/all-activity.component.html
index 82137c9acca..8cdb927ab65 100644
--- a/bitwarden_license/bit-web/src/app/dirt/access-intelligence/activity/all-activity.component.html
+++ b/bitwarden_license/bit-web/src/app/dirt/access-intelligence/activity/all-activity.component.html
@@ -45,10 +45,19 @@
     <li class="tw-col-span-1">
       <dirt-activity-card
         [title]="'applicationsNeedingReview' | i18n"
-        [cardMetrics]="'newApplicationsWithCount' | i18n: newApplicationsCount"
-        [metricDescription]="'newApplicationsDescription' | i18n"
-        [iconClass]="'bwi-exclamation-triangle'"
-        [buttonText]="'reviewNow' | i18n"
+        [cardMetrics]="
+          isAllCaughtUp
+            ? ('allCaughtUp' | i18n)
+            : ('newApplicationsWithCount' | i18n: newApplicationsCount)
+        "
+        [metricDescription]="
+          isAllCaughtUp
+            ? ('noNewApplicationsToReviewAtThisTime' | i18n)
+            : ('newApplicationsDescription' | i18n)
+        "
+        [iconClass]="isAllCaughtUp ? 'bwi-check-circle' : 'bwi-exclamation-triangle'"
+        [iconColorClass]="isAllCaughtUp ? 'tw-text-success' : 'tw-text-muted'"
+        [buttonText]="isAllCaughtUp ? '' : ('reviewNow' | i18n)"
         [buttonType]="'primary'"
         (buttonClick)="onReviewNewApplications()"
       >
diff --git a/bitwarden_license/bit-web/src/app/dirt/access-intelligence/activity/all-activity.component.ts b/bitwarden_license/bit-web/src/app/dirt/access-intelligence/activity/all-activity.component.ts
index b12a8fffedb..150c66ad2d4 100644
--- a/bitwarden_license/bit-web/src/app/dirt/access-intelligence/activity/all-activity.component.ts
+++ b/bitwarden_license/bit-web/src/app/dirt/access-intelligence/activity/all-activity.component.ts
@@ -42,6 +42,9 @@ export class AllActivityComponent implements OnInit {
   newApplicationsCount = 0;
   newApplications: string[] = [];
   passwordChangeMetricHasProgressBar = false;
+  allAppsHaveReviewDate = false;
+  isAllCaughtUp = false;
+  hasLoadedApplicationData = false;
 
   destroyRef = inject(DestroyRef);
 
@@ -79,6 +82,7 @@ export class AllActivityComponent implements OnInit {
         .subscribe((newApps) => {
           this.newApplications = newApps;
           this.newApplicationsCount = newApps.length;
+          this.updateIsAllCaughtUp();
         });
 
       this.allActivitiesService.passwordChangeProgressMetricHasProgressBar$
@@ -86,9 +90,39 @@ export class AllActivityComponent implements OnInit {
         .subscribe((hasProgressBar) => {
           this.passwordChangeMetricHasProgressBar = hasProgressBar;
         });
+
+      this.dataService.enrichedReportData$
+        .pipe(takeUntilDestroyed(this.destroyRef))
+        .subscribe((enrichedData) => {
+          if (enrichedData?.applicationData && enrichedData.applicationData.length > 0) {
+            this.hasLoadedApplicationData = true;
+            // Check if all apps have a review date (not null and not undefined)
+            this.allAppsHaveReviewDate = enrichedData.applicationData.every(
+              (app) => app.reviewedDate !== null && app.reviewedDate !== undefined,
+            );
+          } else {
+            this.hasLoadedApplicationData = enrichedData !== null;
+            this.allAppsHaveReviewDate = false;
+          }
+          this.updateIsAllCaughtUp();
+        });
     }
   }
 
+  /**
+   * Updates the isAllCaughtUp flag based on current state.
+   * Only shows "All caught up!" when:
+   * - Data has been loaded (hasLoadedApplicationData is true)
+   * - No new applications need review
+   * - All apps have a review date
+   */
+  private updateIsAllCaughtUp(): void {
+    this.isAllCaughtUp =
+      this.hasLoadedApplicationData &&
+      this.newApplicationsCount === 0 &&
+      this.allAppsHaveReviewDate;
+  }
+
   /**
    * Handles the review new applications button click.
    * Opens a dialog showing the list of new applications that can be marked as critical.