diff --git a/README.md b/README.md
index 4a54b80..6df590a 100644
--- a/README.md
+++ b/README.md
@@ -118,13 +118,14 @@ Both `toTree` and `parse` accept an options object as their second argument.
 
 All options are optional.
 
-| Option         | Type                                              | Description                                                                                                           |
-| -------------- | ------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------- |
-| `filePath`     | `string`                                          | Used for language detection.                                                                                          |
-| `tokens`       | `boolean`                                         | Generate a flat `ast.tokens` array. Required by ESLint; skipped by default so codemods and type-checkers pay nothing. |
-| `templateOnly` | `boolean`                                         | Parse the source as a raw Glimmer template. Use for `.hbs` files.                                                     |
-| `parser`       | `(placeholderJS: string) => { ast, ... }`         | Use a custom JS/TS parser instead of the default oxc-parser. See [Custom parser](#custom-parser).                     |
-| `visitors`     | `VisitorMap` <br /> or `(outerAst) => VisitorMap` | Callbacks fired on every node during traversal — JS/TS and Glimmer — in a single pass. See [Visitors](#visitors).     |
+| Option            | Type                                              | Description                                                                                                                                                                                                  |
+| ----------------- | ------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |
+| `filePath`        | `string`                                          | Used for language detection.                                                                                                                                                                                 |
+| `tokens`          | `boolean`                                         | Generate a flat `ast.tokens` array. Required by ESLint; skipped by default so codemods and type-checkers pay nothing.                                                                                        |
+| `templateOnly`    | `boolean`                                         | Parse the source as a raw Glimmer template. Use for `.hbs` files.                                                                                                                                            |
+| `parser`          | `(placeholderJS: string) => { ast, ... }`         | Use a custom JS/TS parser instead of the default oxc-parser. See [Custom parser](#custom-parser).                                                                                                            |
+| `visitors`        | `VisitorMap` <br /> or `(outerAst) => VisitorMap` | Callbacks fired on every node during traversal — JS/TS and Glimmer — in a single pass. See [Visitors](#visitors).                                                                                            |
+| `onTemplateError` | `(error, { range, contentRange, path }) => void`  | Called when a `<template>` fails to parse; `path` is the visitor path its `GlimmerTemplate` would have had. When provided, parsing continues with that template left as its placeholder instead of throwing. |
 
 Handler signature is `(node, path) => void`, where `path = { node, parent, parentPath }` — a linked list that walks all the way back through the JS/TS root, so visitors can locate the enclosing scope or class from within a Glimmer subtree.
 
diff --git a/src/index.d.ts b/src/index.d.ts
index f5e62f8..a8b2654 100644
--- a/src/index.d.ts
+++ b/src/index.d.ts
@@ -37,6 +37,16 @@ export interface ParseOptions {
    * Must return at least `{ ast }`.
    */
   parser?: (placeholderJS: string) => { ast: ASTNode; [key: string]: unknown };
+  /**
+   * Called when a `<template>` fails to parse, with the error, the template's
+   * offsets in the source, and the visitor path its `GlimmerTemplate` would
+   * have had. When provided, parsing continues and that template is left as
+   * its placeholder instead of the whole parse throwing.
+   */
+  onTemplateError?: (
+    error: Error,
+    template: { range: [number, number]; contentRange: [number, number]; path: VisitorPath },
+  ) => void;
   /**
    * Callbacks fired on each node during traversal — outer JS/TS nodes AND
    * spliced Glimmer subtrees — so callers can gather information or mutate
diff --git a/src/parse.js b/src/parse.js
index 4ce476c..dd5d6b8 100644
--- a/src/parse.js
+++ b/src/parse.js
@@ -70,6 +70,10 @@ const PLACEHOLDER_TYPES = new Set([
  * @param {function} [options.parser] - Custom JS/TS parser: (placeholderJS) => { ast, scopeManager?, visitorKeys?, services?, ... }.
  *   Recommended to return `visitorKeys` describing the parser's AST; when omitted, oxc-parser's
  *   keys are used (fine for oxc-compatible ASTs, incomplete for parsers that emit bespoke node types).
+ * @param {function} [options.onTemplateError] - Called as `(error, { range, contentRange, path })`
+ *   when a `<template>` fails to parse; `path` is the visitor path the GlimmerTemplate would have
+ *   had. When provided, parsing continues with that template left as its placeholder instead of
+ *   throwing.
  * @param {object|function} [options.visitors] - Either a map of `{ [Type]: (node, path) => void }`
  *   handlers, or a factory `(outerAst) => handlers` invoked once after parsing (before any
  *   template splicing) to give callers a view of the raw JS/TS tree. Handlers fire on every
@@ -157,7 +161,12 @@ export function toTree(source, options = {}) {
   // `placeholderNode` is the original JS/TS node being swapped out; we stash
   // it on templateInfos so consumers can forward its parser-services mapping
   // (e.g. esTreeNodeToTSNodeMap) onto the GlimmerTemplate that replaces it.
-  function processPlaceholder(parseResult, placeholderNode) {
+  //
+  // Returns `null` when the template fails to parse and the caller opted into
+  // `onTemplateError`; the placeholder then stays in the tree untouched.
+  // `placeholderPath` is where the GlimmerTemplate would have gone, handed to
+  // `onTemplateError` so callers can still tell where the template sits.
+  function processPlaceholder(parseResult, placeholderNode, placeholderPath) {
     let templateContent = parseResult.contents;
     let contentRange = [
       parseResult.contentRange.startUtf16Codepoint,
@@ -165,10 +174,18 @@ export function toTree(source, options = {}) {
     ];
     let fullRange = [parseResult.range.startUtf16Codepoint, parseResult.range.endUtf16Codepoint];
 
-    const { ast } = processTemplate(templateContent, codeLines, {
-      templateRange: contentRange,
-      tokens: generateTokens,
-    });
+    let processed;
+    try {
+      processed = processTemplate(templateContent, codeLines, {
+        templateRange: contentRange,
+        tokens: generateTokens,
+      });
+    } catch (error) {
+      if (!options.onTemplateError) throw error;
+      options.onTemplateError(error, { range: fullRange, contentRange, path: placeholderPath });
+      return null;
+    }
+    const { ast } = processed;
 
     // Fix the Template root to cover the full <template>...</template> range
     ast.range = fullRange;
@@ -237,27 +254,51 @@ export function toTree(source, options = {}) {
   function walkWithKeys(node, parentPath) {
     if (!node || !node.type) return;
 
+    const path = { node, parent: parentPath?.node ?? null, parentPath };
+
     if (hasTemplates && PLACEHOLDER_TYPES.has(node.type)) {
       const parseResult = matchPlaceholder(node);
-      if (parseResult) {
+      if (parseResult && node.type === "ExportDefaultDeclaration") {
+        // `export default <template>...</template>`: keep the export wrapper
+        // and splice its declaration, so the tree (and `print`) still carry
+        // the `export default`.
+        const ast = processPlaceholder(parseResult, node.declaration, {
+          node: node.declaration,
+          parent: node,
+          parentPath: path,
+        });
+        if (ast) {
+          node.declaration = ast;
+          setParent(ast, node);
+          if (hasVisitors && !seen.has(node)) {
+            seen.add(node);
+            const handler = visitors[node.type];
+            if (handler) handler(node, path);
+            walkWithKeys(ast, path);
+          }
+          return;
+        }
+      } else if (parseResult) {
         // Splice in place: write the GlimmerTemplate directly into the parent's
         // slot instead of allocating new ancestor objects. This preserves node
         // identity for every ancestor, which matters for WeakMap-keyed data
         // held by custom parsers (scope manager, esTreeNodeToTSNodeMap).
-        const ast = processPlaceholder(parseResult, node);
-        const parent = parentPath?.node ?? null;
-        if (parent) replaceInParent(parent, node, ast);
-        setParent(ast, parent);
-        // Recurse into the Glimmer subtree so visitors fire on its nodes too.
-        // The Glimmer root's parentPath reflects its true JS parent — the
-        // placeholder (UnaryExpression / StaticBlock) is an internal artifact.
-        if (hasVisitors) walkWithKeys(ast, parentPath);
-        return;
+        const ast = processPlaceholder(parseResult, node, path);
+        if (ast) {
+          const parent = parentPath?.node ?? null;
+          if (parent) replaceInParent(parent, node, ast);
+          setParent(ast, parent);
+          // Recurse into the Glimmer subtree so visitors fire on its nodes too.
+          // The Glimmer root's parentPath reflects its true JS parent — the
+          // placeholder (`void` expression / StaticBlock) is an internal artifact.
+          if (hasVisitors) walkWithKeys(ast, parentPath);
+          return;
+        }
       }
+      // A template that failed to parse under `onTemplateError` falls through
+      // and is walked as the placeholder it still is.
     }
 
-    const path = { node, parent: parentPath?.node ?? null, parentPath };
-
     if (hasVisitors && !seen.has(node)) {
       seen.add(node);
       const handler = visitors[node.type];
diff --git a/tests/parse.test.js b/tests/parse.test.js
index cc37a64..a78419b 100644
--- a/tests/parse.test.js
+++ b/tests/parse.test.js
@@ -184,6 +184,14 @@ describe("parse", () => {
     ]);
   });
 
+  it("keeps the export default wrapper around a default-exported template", () => {
+    const source = `export default <template>hi</template>;\n`;
+    const ast = parse(source);
+
+    expect(ast.program.body.map((node) => node.type)).toEqual(["ExportDefaultDeclaration"]);
+    expect(ast.program.body[0].declaration.type).toBe("GlimmerTemplate");
+  });
+
   it("handles multiple classes with templates", () => {
     const source = `class A extends Component {
   <template><div>A</div></template>
diff --git a/tests/print-file.test.js b/tests/print-file.test.js
index a301f47..00031b0 100644
--- a/tests/print-file.test.js
+++ b/tests/print-file.test.js
@@ -11,6 +11,11 @@ describe("print(File)", () => {
     `);
   });
 
+  it("round-trips a default-exported template", () => {
+    const source = `export default <template>hi</template>;`;
+    expect(print(toTree(source))).toBe("export default <template>hi</template>");
+  });
+
   it("prints an empty File", () => {
     const tree = toTree(``, { filePath: "m.js" });
 
diff --git a/tests/toTree-options.test.js b/tests/toTree-options.test.js
index cbaa24a..ff7618e 100644
--- a/tests/toTree-options.test.js
+++ b/tests/toTree-options.test.js
@@ -86,6 +86,48 @@ describe("toTree — error handling", () => {
   });
 });
 
+describe("toTree — onTemplateError", () => {
+  const source = [
+    "import { on } from '@ember/modifier';",
+    "const a = <template>{{on}}</template>;",
+    "const b = <template>{{#if}}</template>;",
+    "const c = <template>{{a}}</template>;",
+    "",
+  ].join("\n");
+
+  it("continues past a template that fails to parse", () => {
+    const errors = [];
+    const visited = [];
+    const ast = toTree(source, {
+      onTemplateError: (error, template) => errors.push({ message: error.message, ...template }),
+      visitors: {
+        GlimmerTemplate: (node) => visited.push(node.start),
+      },
+    });
+
+    expect(errors).toHaveLength(1);
+    expect(errors[0].message).toMatch(/Parse error/);
+    expect(source.slice(...errors[0].range)).toBe("<template>{{#if}}</template>");
+    expect(source.slice(...errors[0].contentRange)).toBe("{{#if}}");
+    // The path is where the GlimmerTemplate would have been spliced.
+    expect(errors[0].path.parent.type).toBe("VariableDeclarator");
+    expect(errors[0].path.parentPath.parent.type).toBe("VariableDeclaration");
+
+    // The two good templates are spliced and visited; the bad one stays as
+    // its placeholder.
+    expect(findAllNodes(ast, "GlimmerTemplate")).toHaveLength(2);
+    expect(visited).toEqual([
+      source.indexOf("<template>{{on}}"),
+      source.indexOf("<template>{{a}}"),
+    ]);
+    expect(ast.program.body[2].declarations[0].init.type).not.toBe("GlimmerTemplate");
+  });
+
+  it("still throws without the option", () => {
+    expect(() => toTree(source)).toThrow(/Parse error/);
+  });
+});
+
 describe("toTree — tokens", () => {
   it("no tokens by default", () => {
     const source = `const x = <template>Hello {{name}}</template>;`;