diff --git a/esphome/components/debug/debug_component.cpp b/esphome/components/debug/debug_component.cpp
index 97d5aeb8a8..a594dc7a50 100644
--- a/esphome/components/debug/debug_component.cpp
+++ b/esphome/components/debug/debug_component.cpp
@@ -38,6 +38,7 @@ static uint32_t get_free_heap() {
 
 void DebugComponent::dump_config() {
   std::string device_info;
+  std::string reset_reason;
   device_info.reserve(256);
 
 #ifndef ESPHOME_LOG_HAS_DEBUG
@@ -146,7 +147,6 @@ void DebugComponent::dump_config() {
   device_info += "|EFuse MAC: ";
   device_info += mac;
 
-  const char *reset_reason;
   switch (rtc_get_reset_reason(0)) {
     case POWERON_RESET:
       reset_reason = "Power On Reset";
@@ -196,7 +196,7 @@ void DebugComponent::dump_config() {
     default:
       reset_reason = "Unknown Reset Reason";
   }
-  ESP_LOGD(TAG, "Reset Reason: %s", reset_reason);
+  ESP_LOGD(TAG, "Reset Reason: %s", reset_reason.c_str());
   device_info += "|Reset: ";
   device_info += reset_reason;
 
@@ -270,6 +270,8 @@ void DebugComponent::dump_config() {
   device_info += ESP.getResetReason().c_str();
   device_info += "|";
   device_info += ESP.getResetInfo().c_str();
+
+  reset_reason = ESP.getResetReason().c_str();
 #endif
 
 #ifdef USE_TEXT_SENSOR
@@ -278,6 +280,9 @@ void DebugComponent::dump_config() {
       device_info.resize(255);
     this->device_info_->publish_state(device_info);
   }
+  if (this->reset_reason_ != nullptr) {
+    this->reset_reason_->publish_state(reset_reason);
+  }
 #endif  // USE_TEXT_SENSOR
 }
 
diff --git a/esphome/components/debug/debug_component.h b/esphome/components/debug/debug_component.h
index 4dc1659616..b80fda55eb 100644
--- a/esphome/components/debug/debug_component.h
+++ b/esphome/components/debug/debug_component.h
@@ -24,6 +24,7 @@ class DebugComponent : public PollingComponent {
 
 #ifdef USE_TEXT_SENSOR
   void set_device_info_sensor(text_sensor::TextSensor *device_info) { device_info_ = device_info; }
+  void set_reset_reason_sensor(text_sensor::TextSensor *reset_reason) { reset_reason_ = reset_reason; }
 #endif  // USE_TEXT_SENSOR
 #ifdef USE_SENSOR
   void set_free_sensor(sensor::Sensor *free_sensor) { free_sensor_ = free_sensor; }
@@ -50,6 +51,7 @@ class DebugComponent : public PollingComponent {
 
 #ifdef USE_TEXT_SENSOR
   text_sensor::TextSensor *device_info_{nullptr};
+  text_sensor::TextSensor *reset_reason_{nullptr};
 #endif  // USE_TEXT_SENSOR
 };
 
diff --git a/esphome/components/debug/text_sensor.py b/esphome/components/debug/text_sensor.py
index 11e6354f57..24f938a0e2 100644
--- a/esphome/components/debug/text_sensor.py
+++ b/esphome/components/debug/text_sensor.py
@@ -1,18 +1,29 @@
 from esphome.components import text_sensor
 import esphome.config_validation as cv
 import esphome.codegen as cg
-from esphome.const import CONF_DEVICE, ENTITY_CATEGORY_DIAGNOSTIC
+from esphome.const import (
+    CONF_DEVICE,
+    ENTITY_CATEGORY_DIAGNOSTIC,
+    ICON_CHIP,
+    ICON_RESTART,
+)
 
 from . import CONF_DEBUG_ID, DebugComponent
 
 DEPENDENCIES = ["debug"]
 
 
+CONF_RESET_REASON = "reset_reason"
 CONFIG_SCHEMA = cv.Schema(
     {
         cv.GenerateID(CONF_DEBUG_ID): cv.use_id(DebugComponent),
         cv.Optional(CONF_DEVICE): text_sensor.text_sensor_schema(
-            entity_category=ENTITY_CATEGORY_DIAGNOSTIC
+            icon=ICON_CHIP,
+            entity_category=ENTITY_CATEGORY_DIAGNOSTIC,
+        ),
+        cv.Optional(CONF_RESET_REASON): text_sensor.text_sensor_schema(
+            icon=ICON_RESTART,
+            entity_category=ENTITY_CATEGORY_DIAGNOSTIC,
         ),
     }
 )
@@ -24,3 +35,6 @@ async def to_code(config):
     if CONF_DEVICE in config:
         sens = await text_sensor.new_text_sensor(config[CONF_DEVICE])
         cg.add(debug_component.set_device_info_sensor(sens))
+    if CONF_RESET_REASON in config:
+        sens = await text_sensor.new_text_sensor(config[CONF_RESET_REASON])
+        cg.add(debug_component.set_reset_reason_sensor(sens))