diff --git a/goodnews/api.py b/goodnews/api.py
index e6af66b..9302904 100644
--- a/goodnews/api.py
+++ b/goodnews/api.py
@@ -1014,9 +1014,21 @@ def create_app() -> FastAPI:
 
     # --- CSV exports (admin-gated, for inspection / archiving) ---------------
 
+    def _csv_cell(v):
+        # Defuse CSV formula injection: a cell a spreadsheet might evaluate (=,+,-,@)
+        # gets a leading apostrophe. Numbers pass through untouched (no risk, and
+        # this avoids mangling any legitimate negative value).
+        if v is None:
+            return ""
+        if isinstance(v, (int, float)):
+            return v
+        s = str(v)
+        return "'" + s if s[:1] in ("=", "+", "-", "@") else s
+
     def _csv_response(filename: str, write) -> Response:
         buf = io.StringIO()
-        write(csv.writer(buf))
+        writer = csv.writer(buf)
+        write(lambda values: writer.writerow([_csv_cell(v) for v in values]))
         return Response(
             content=buf.getvalue(),
             media_type="text/csv",
@@ -1030,14 +1042,14 @@ def create_app() -> FastAPI:
             _require_admin(conn, request)
             rows = queries.source_health(conn)
 
-        def write(w):
-            w.writerow([
+        def write(row):
+            row([
                 "name", "feed_url", "homepage", "status", "visible", "served", "accepted_total",
                 "total_articles", "acceptance_pct", "duplicate_pct", "accepted_dup_pct",
                 "image_coverage_pct", "last_success", "last_error", "retry_after", "review_flag", "review_reason",
             ])
             for s in rows:
-                w.writerow([
+                row([
                     s["name"], s["feed_url"], s.get("homepage_url") or "",
                     s.get("status") or "", "yes" if s.get("content_visible") else "no",
                     s["served"], s["accepted_total"], s["total_articles"],
@@ -1055,9 +1067,9 @@ def create_app() -> FastAPI:
             _require_admin(conn, request)
             st = queries.admin_stats(conn, days=days)
 
-        def write(w):
+        def write(row):
             v, a = st["visitors"], st["accounts"]
-            w.writerow(["metric", "value"])
+            row(["metric", "value"])
             for label, value in [
                 ("window_days", st["days"]),
                 ("visitors_today", v["today"]), ("visitors_7d", v["d7"]), ("visitors_30d", v["d30"]),
@@ -1065,13 +1077,13 @@ def create_app() -> FastAPI:
                 ("accounts_total", a["total"]), ("accounts_new_7d", a["new_7d"]), ("accounts_active_7d", a["active_7d"]),
                 ("feedback_7d", st.get("feedback_7d", 0)), ("feedback_unread", st.get("feedback_unread", 0)),
             ]:
-                w.writerow([label, value])
+                row([label, value])
             for kind, n in (st.get("shares") or {}).items():
-                w.writerow([f"share_{kind}", n])
-            w.writerow([])  # blank line, then the daily time series
-            w.writerow(["date", "visitors", "opens"])
+                row([f"share_{kind}", n])
+            row([])  # blank line, then the daily time series
+            row(["date", "visitors", "opens"])
             for d in st.get("daily", []):
-                w.writerow([d["day"], d["visits"], d["opens"]])
+                row([d["day"], d["visits"], d["opens"]])
 
         return _csv_response("audience.csv", write)
 
diff --git a/tests/test_admin.py b/tests/test_admin.py
index 3f0273d..3af7ef4 100644
--- a/tests/test_admin.py
+++ b/tests/test_admin.py
@@ -184,3 +184,17 @@ def test_export_audience_csv(tmp_path, monkeypatch):
     assert "metric,value" in body and "window_days,7" in body
     assert "date,visitors,opens" in body                  # daily time-series section
     assert TestClient(app).get("/api/admin/export/audience.csv").status_code == 401  # gated
+
+
+def test_export_sources_csv_escapes_formula_injection(tmp_path, monkeypatch):
+    import os, sqlite3
+    app, api = _make(tmp_path, monkeypatch, admin_email="boss@x.com")
+    c = sqlite3.connect(os.environ["GOODNEWS_DB"])
+    c.execute("UPDATE sources SET name = ?, review_flag = 1, review_reason = ? WHERE id = 1",
+              ('=HYPERLINK("http://bad")', '+danger'))
+    c.commit(); c.close()
+    tc = _signin(app, api, "boss@x.com")
+    body = tc.get("/api/admin/export/sources.csv").text
+    assert "'=HYPERLINK" in body   # leading apostrophe defuses the formula (CSV may quote the cell)
+    assert "'+danger" in body
+    assert ",=HYPERLINK" not in body  # never written as a bare, evaluable formula cell