diff --git a/.changeset/tame-spoons-show.md b/.changeset/tame-spoons-show.md
new file mode 100644
index 0000000000..8a1dc36d07
--- /dev/null
+++ b/.changeset/tame-spoons-show.md
@@ -0,0 +1,6 @@
+---
+"@redocly/openapi-core": minor
+"@redocly/cli": minor
+---
+
+Moved the `remove-unused-components` decorator to the post-bundle phase so that components that become unused only after `$ref` resolution are correctly removed.
diff --git a/packages/core/src/bundle/bundle-document.ts b/packages/core/src/bundle/bundle-document.ts
index 3a645e5433..fb6895ebe7 100644
--- a/packages/core/src/bundle/bundle-document.ts
+++ b/packages/core/src/bundle/bundle-document.ts
@@ -67,17 +67,6 @@ export async function bundleDocument(opts: {
     visitorsData: {},
   };
 
-  if (removeUnusedComponents && !decorators.some((d) => d.ruleId === 'remove-unused-components')) {
-    decorators.push({
-      severity: 'error',
-      ruleId: 'remove-unused-components',
-      visitor:
-        specMajorVersion === 'oas2'
-          ? RemoveUnusedComponentsOas2({})
-          : RemoveUnusedComponentsOas3({}),
-    });
-  }
-
   let resolvedRefMap = await resolveDocument({
     rootDocument: document,
     rootType: normalizedTypes.Root,
@@ -114,7 +103,7 @@ export async function bundleDocument(opts: {
           componentRenamingConflicts,
         }),
       },
-      ...decorators,
+      ...decorators.filter((decorator) => decorator.ruleId !== 'remove-unused-components'),
     ],
     normalizedTypes
   );
@@ -127,6 +116,38 @@ export async function bundleDocument(opts: {
     ctx,
   });
 
+  if (
+    removeUnusedComponents ||
+    config.getDecoratorSettings('remove-unused-components', specVersion).severity !== 'off'
+  ) {
+    const postBundleRefMap = await resolveDocument({
+      rootDocument: document,
+      rootType: normalizedTypes.Root,
+      externalRefResolver,
+    });
+    const postBundleVisitors = normalizeVisitors(
+      [
+        {
+          severity: 'error',
+          ruleId: 'remove-unused-components',
+          visitor:
+            specMajorVersion === 'oas2'
+              ? RemoveUnusedComponentsOas2({})
+              : RemoveUnusedComponentsOas3({}),
+        },
+      ],
+      normalizedTypes
+    );
+
+    walkDocument({
+      document,
+      rootType: normalizedTypes.Root,
+      normalizedVisitors: postBundleVisitors,
+      resolvedRefMap: postBundleRefMap,
+      ctx,
+    });
+  }
+
   return {
     bundle: document,
     problems: ctx.problems.map((problem) => config.addProblemToIgnore(problem)),
diff --git a/packages/core/src/decorators/oas2/index.ts b/packages/core/src/decorators/oas2/index.ts
index 7130b186e9..60bf7f36f7 100644
--- a/packages/core/src/decorators/oas2/index.ts
+++ b/packages/core/src/decorators/oas2/index.ts
@@ -16,5 +16,5 @@ export const decorators = {
   'remove-x-internal': RemoveXInternal as Oas2Decorator,
   'filter-in': FilterIn as Oas2Decorator,
   'filter-out': FilterOut as Oas2Decorator,
-  'remove-unused-components': RemoveUnusedComponents, // always the last one
+  'remove-unused-components': RemoveUnusedComponents,
 };
diff --git a/packages/core/src/decorators/oas2/remove-unused-components.ts b/packages/core/src/decorators/oas2/remove-unused-components.ts
index cc9331d33c..38fc07a247 100644
--- a/packages/core/src/decorators/oas2/remove-unused-components.ts
+++ b/packages/core/src/decorators/oas2/remove-unused-components.ts
@@ -1,77 +1,77 @@
-import type { Location } from '../../ref-utils.js';
+import { parseRef } from '../../ref-utils.js';
 import type { Oas2Components, Oas2Definition } from '../../typings/swagger.js';
 import { isEmptyObject } from '../../utils/is-empty-object.js';
 import type { Oas2Decorator } from '../../visitors.js';
 
+const OAS2_COMPONENT_TYPES: (keyof Oas2Components)[] = [
+  'definitions',
+  'parameters',
+  'responses',
+  'securityDefinitions',
+];
+
 export const RemoveUnusedComponents: Oas2Decorator = () => {
   const components = new Map<
     string,
-    { usedIn: Location[]; componentType?: keyof Oas2Components; name: string }
+    { usedIn: string[]; componentType?: keyof Oas2Components; name: string }
   >();
 
-  function registerComponent(
-    location: Location,
-    componentType: keyof Oas2Components,
-    name: string
-  ): void {
-    components.set(location.absolutePointer, {
-      usedIn: components.get(location.absolutePointer)?.usedIn ?? [],
+  function registerComponent(componentType: keyof Oas2Components, name: string): void {
+    const key = `${componentType}/${name}`;
+    components.set(key, {
+      usedIn: components.get(key)?.usedIn ?? [],
       componentType,
       name,
     });
   }
 
-  function removeUnusedComponents(root: Oas2Definition, removedPaths: string[]): number {
-    const removedLengthStart = removedPaths.length;
+  function getComponentKey(pointer: string): string | undefined {
+    if (!pointer.startsWith('#/')) return;
+    const [type, name] = parseRef(pointer).pointer;
+    if (!type || !name) return undefined;
+    if (!OAS2_COMPONENT_TYPES.includes(type as keyof Oas2Components)) return undefined;
+    return `${type}/${name}`;
+  }
+
+  function removeUnusedComponents(
+    root: Oas2Definition,
+    removedKeys: Set<string> = new Set()
+  ): number {
+    const removedCountBefore = removedKeys.size;
+
+    for (const [key, { usedIn, name, componentType }] of components) {
+      const used = usedIn.some((sourceKey) => sourceKey !== key && !removedKeys.has(sourceKey));
 
-    for (const [path, { usedIn, name, componentType }] of components) {
-      const used = usedIn.some(
-        (location) =>
-          !removedPaths.some(
-            (removed) =>
-              // Check if the current location's absolute pointer starts with the 'removed' path
-              // and either its length matches exactly with 'removed' or the character after the 'removed' path is a '/'
-              location.absolutePointer.startsWith(removed) &&
-              (location.absolutePointer.length === removed.length ||
-                location.absolutePointer[removed.length] === '/')
-          )
-      );
       if (!used && componentType) {
-        removedPaths.push(path);
+        removedKeys.add(key);
         delete root[componentType]![name];
-        components.delete(path);
-
+        components.delete(key);
         if (isEmptyObject(root[componentType])) {
           delete root[componentType];
         }
       }
     }
 
-    return removedPaths.length > removedLengthStart
-      ? removeUnusedComponents(root, removedPaths)
-      : removedPaths.length;
+    return removedKeys.size > removedCountBefore
+      ? removeUnusedComponents(root, removedKeys)
+      : removedKeys.size;
   }
 
   return {
     ref: {
-      leave(ref, { location, type, resolve, key }) {
+      leave(ref, { location, type, key }) {
         if (['Schema', 'Parameter', 'Response', 'SecurityScheme'].includes(type.name)) {
-          const resolvedRef = resolve(ref);
-          if (!resolvedRef.location) return;
-
-          const [fileLocation, localPointer] = resolvedRef.location.absolutePointer.split('#', 2);
-          if (!localPointer) return;
-
-          const componentLevelLocalPointer = localPointer.split('/').slice(0, 3).join('/');
-          const pointer = `${fileLocation}#${componentLevelLocalPointer}`;
+          const targetPointer = getComponentKey(ref.$ref);
+          if (!targetPointer) return;
 
-          const registered = components.get(pointer);
+          const sourcePointer = getComponentKey(location.pointer) ?? location.pointer;
+          const registered = components.get(targetPointer);
 
           if (registered) {
-            registered.usedIn.push(location);
+            registered.usedIn.push(sourcePointer);
           } else {
-            components.set(pointer, {
-              usedIn: [location],
+            components.set(targetPointer, {
+              usedIn: [sourcePointer],
               name: key.toString(),
             });
           }
@@ -81,29 +81,29 @@ export const RemoveUnusedComponents: Oas2Decorator = () => {
     Root: {
       leave(root, ctx) {
         const data = ctx.getVisitorData() as { removedCount: number };
-        data.removedCount = removeUnusedComponents(root, []);
+        data.removedCount = removeUnusedComponents(root);
       },
     },
     NamedSchemas: {
-      Schema(schema, { location, key }) {
+      Schema(schema, { key }) {
         if (!schema.allOf) {
-          registerComponent(location, 'definitions', key.toString());
+          registerComponent('definitions', key.toString());
         }
       },
     },
     NamedParameters: {
-      Parameter(_parameter, { location, key }) {
-        registerComponent(location, 'parameters', key.toString());
+      Parameter(_parameter, { key }) {
+        registerComponent('parameters', key.toString());
       },
     },
     NamedResponses: {
-      Response(_response, { location, key }) {
-        registerComponent(location, 'responses', key.toString());
+      Response(_response, { key }) {
+        registerComponent('responses', key.toString());
       },
     },
     NamedSecuritySchemes: {
-      SecurityScheme(_securityScheme, { location, key }) {
-        registerComponent(location, 'securityDefinitions', key.toString());
+      SecurityScheme(_securityScheme, { key }) {
+        registerComponent('securityDefinitions', key.toString());
       },
     },
   };
diff --git a/packages/core/src/decorators/oas3/index.ts b/packages/core/src/decorators/oas3/index.ts
index 4f8b0675a2..746915d80a 100644
--- a/packages/core/src/decorators/oas3/index.ts
+++ b/packages/core/src/decorators/oas3/index.ts
@@ -19,5 +19,5 @@ export const decorators = {
   'filter-in': FilterIn as Oas3Decorator,
   'filter-out': FilterOut as Oas3Decorator,
   'media-type-examples-override': MediaTypeExamplesOverride as Oas3Decorator,
-  'remove-unused-components': RemoveUnusedComponents, // always the last one
+  'remove-unused-components': RemoveUnusedComponents,
 };
diff --git a/packages/core/src/decorators/oas3/remove-unused-components.ts b/packages/core/src/decorators/oas3/remove-unused-components.ts
index b31b0ced93..5f5a419279 100644
--- a/packages/core/src/decorators/oas3/remove-unused-components.ts
+++ b/packages/core/src/decorators/oas3/remove-unused-components.ts
@@ -1,4 +1,4 @@
-import type { Location } from '../../ref-utils.js';
+import { parseRef } from '../../ref-utils.js';
 import type {
   Oas3Definition,
   Oas3_1Definition,
@@ -14,41 +14,40 @@ import type { Oas3Decorator } from '../../visitors.js';
 type AnyOas3Definition = Oas3Definition | Oas3_1Definition | Oas3_2Definition;
 type AnyOas3ComponentsKey = keyof Oas3Components | keyof Oas3_1Components | keyof Oas3_2Components;
 
+function getComponentKey(pointer: string): string | undefined {
+  if (!pointer.startsWith('#/components/')) return;
+  const [_component, type, name] = parseRef(pointer).pointer;
+  if (!type || !name) return;
+  return `${type}/${name}`;
+}
+
 export const RemoveUnusedComponents: Oas3Decorator = () => {
   const components = new Map<
     string,
     {
-      usedIn: Location[];
+      usedIn: string[];
       componentType?: AnyOas3ComponentsKey;
       name: string;
     }
   >();
 
-  function registerComponent(
-    location: Location,
-    componentType: AnyOas3ComponentsKey,
-    name: string
-  ): void {
-    components.set(location.absolutePointer, {
-      usedIn: components.get(location.absolutePointer)?.usedIn ?? [],
+  function registerComponent(componentType: AnyOas3ComponentsKey, name: string): void {
+    const key = `${componentType}/${name}`;
+    components.set(key, {
+      usedIn: components.get(key)?.usedIn ?? [],
       componentType,
       name,
     });
   }
 
-  function removeUnusedComponents(root: AnyOas3Definition, removedPaths: string[]): number {
-    const removedLengthStart = removedPaths.length;
+  function removeUnusedComponents(
+    root: AnyOas3Definition,
+    removedKeys: Set<string> = new Set()
+  ): number {
+    const removedCountBefore = removedKeys.size;
 
-    for (const [path, { usedIn, name, componentType }] of components) {
-      const used = usedIn.some(
-        (location) =>
-          !removedPaths.some(
-            (removed) =>
-              location.absolutePointer.startsWith(removed) &&
-              (location.absolutePointer.length === removed.length ||
-                location.absolutePointer[removed.length] === '/')
-          )
-      );
+    for (const [key, { usedIn, name, componentType }] of components) {
+      const used = usedIn.some((sourceKey) => sourceKey !== key && !removedKeys.has(sourceKey));
 
       if (
         !used &&
@@ -56,24 +55,24 @@ export const RemoveUnusedComponents: Oas3Decorator = () => {
         root.components &&
         hasComponent(root.components, componentType)
       ) {
-        removedPaths.push(path);
+        removedKeys.add(key);
         const componentChild = root.components[componentType];
         delete componentChild![name];
-        components.delete(path);
+        components.delete(key);
         if (isEmptyObject(componentChild)) {
           delete root.components[componentType];
         }
       }
     }
 
-    return removedPaths.length > removedLengthStart
-      ? removeUnusedComponents(root, removedPaths)
-      : removedPaths.length;
+    return removedKeys.size > removedCountBefore
+      ? removeUnusedComponents(root, removedKeys)
+      : removedKeys.size;
   }
 
   return {
     ref: {
-      leave(ref, { location, type, resolve, key }) {
+      leave(ref, { location, type, key }) {
         if (
           [
             'Schema',
@@ -85,22 +84,17 @@ export const RemoveUnusedComponents: Oas3Decorator = () => {
             'MediaTypesMap',
           ].includes(type.name)
         ) {
-          const resolvedRef = resolve(ref);
-          if (!resolvedRef.location) return;
-
-          const [fileLocation, localPointer] = resolvedRef.location.absolutePointer.split('#', 2);
-          if (!localPointer) return;
-
-          const componentLevelLocalPointer = localPointer.split('/').slice(0, 4).join('/');
-          const pointer = `${fileLocation}#${componentLevelLocalPointer}`;
+          const targetPointer = getComponentKey(ref.$ref);
+          if (!targetPointer) return;
 
-          const registered = components.get(pointer);
+          const sourcePointer = getComponentKey(location.pointer) ?? location.pointer;
+          const registered = components.get(targetPointer);
 
           if (registered) {
-            registered.usedIn.push(location);
+            registered.usedIn.push(sourcePointer);
           } else {
-            components.set(pointer, {
-              usedIn: [location],
+            components.set(targetPointer, {
+              usedIn: [sourcePointer],
               name: key.toString(),
             });
           }
@@ -110,7 +104,7 @@ export const RemoveUnusedComponents: Oas3Decorator = () => {
     Root: {
       leave(root, ctx) {
         const data = ctx.getVisitorData() as { removedCount: number };
-        data.removedCount = removeUnusedComponents(root, []);
+        data.removedCount = removeUnusedComponents(root);
 
         if (isEmptyObject(root.components)) {
           delete root.components;
@@ -118,40 +112,40 @@ export const RemoveUnusedComponents: Oas3Decorator = () => {
       },
     },
     NamedSchemas: {
-      Schema(schema, { location, key }) {
+      Schema(schema, { key }) {
         if (!schema.allOf) {
-          registerComponent(location, 'schemas', key.toString());
+          registerComponent('schemas', key.toString());
         }
       },
     },
     NamedParameters: {
-      Parameter(_parameter, { location, key }) {
-        registerComponent(location, 'parameters', key.toString());
+      Parameter(_parameter, { key }) {
+        registerComponent('parameters', key.toString());
       },
     },
     NamedResponses: {
-      Response(_response, { location, key }) {
-        registerComponent(location, 'responses', key.toString());
+      Response(_response, { key }) {
+        registerComponent('responses', key.toString());
       },
     },
     NamedExamples: {
-      Example(_example, { location, key }) {
-        registerComponent(location, 'examples', key.toString());
+      Example(_example, { key }) {
+        registerComponent('examples', key.toString());
       },
     },
     NamedRequestBodies: {
-      RequestBody(_requestBody, { location, key }) {
-        registerComponent(location, 'requestBodies', key.toString());
+      RequestBody(_requestBody, { key }) {
+        registerComponent('requestBodies', key.toString());
       },
     },
     NamedHeaders: {
-      Header(_header, { location, key }) {
-        registerComponent(location, 'headers', key.toString());
+      Header(_header, { key }) {
+        registerComponent('headers', key.toString());
       },
     },
     NamedMediaTypes: {
-      MediaTypesMap(_mediaTypesMap, { location, key }) {
-        registerComponent(location, 'mediaTypes', key.toString());
+      MediaTypesMap(_mediaTypesMap, { key }) {
+        registerComponent('mediaTypes', key.toString());
       },
     },
   };
diff --git a/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-opposite-ref/openapi.yaml b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-opposite-ref/openapi.yaml
new file mode 100644
index 0000000000..c4bd8c36cf
--- /dev/null
+++ b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-opposite-ref/openapi.yaml
@@ -0,0 +1,21 @@
+openapi: 3.0.0
+info:
+  title: Sample API
+  version: 1.0.0
+paths:
+  /users:
+    get:
+      operationId: getUsers
+      summary: Get a list of users
+      parameters:
+        - $ref: parameters.yaml#/Param
+      responses:
+        '200':
+          description: A list of users
+          content:
+            application/json:
+              schema: {}
+components: 
+  schemas: 
+    User:
+      $ref: schemas.yaml#/User
diff --git a/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-opposite-ref/parameters.yaml b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-opposite-ref/parameters.yaml
new file mode 100644
index 0000000000..04188a821e
--- /dev/null
+++ b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-opposite-ref/parameters.yaml
@@ -0,0 +1,6 @@
+Param:
+  name: param
+  in: query
+  required: true
+  schema:
+    $ref: schemas.yaml#/Schema
diff --git a/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-opposite-ref/redocly.yaml b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-opposite-ref/redocly.yaml
new file mode 100644
index 0000000000..3c417243f8
--- /dev/null
+++ b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-opposite-ref/redocly.yaml
@@ -0,0 +1,6 @@
+apis:
+  test-api:
+    root: openapi.yaml
+
+decorators:
+  remove-unused-components: on
diff --git a/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-opposite-ref/schemas.yaml b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-opposite-ref/schemas.yaml
new file mode 100644
index 0000000000..9adc67534d
--- /dev/null
+++ b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-opposite-ref/schemas.yaml
@@ -0,0 +1,4 @@
+Schema:
+  type: string
+User:
+  type: string
diff --git a/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-opposite-ref/snapshot.txt b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-opposite-ref/snapshot.txt
new file mode 100644
index 0000000000..792cc34683
--- /dev/null
+++ b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-opposite-ref/snapshot.txt
@@ -0,0 +1,32 @@
+openapi: 3.0.0
+info:
+  title: Sample API
+  version: 1.0.0
+paths:
+  /users:
+    get:
+      operationId: getUsers
+      summary: Get a list of users
+      parameters:
+        - $ref: '#/components/parameters/Param'
+      responses:
+        '200':
+          description: A list of users
+          content:
+            application/json:
+              schema: {}
+components:
+  schemas:
+    Schema:
+      type: string
+  parameters:
+    Param:
+      name: param
+      in: query
+      required: true
+      schema:
+        $ref: '#/components/schemas/Schema'
+
+bundling openapi.yaml using configuration for api 'test-api'...
+📦 Created a bundle for openapi.yaml at stdout <test>ms.
+🧹 Removed 1 unused components.
diff --git a/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-same-ref/openapi.yaml b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-same-ref/openapi.yaml
new file mode 100644
index 0000000000..4e31c80daf
--- /dev/null
+++ b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-same-ref/openapi.yaml
@@ -0,0 +1,21 @@
+openapi: 3.1.0
+info:
+  title: Sample API
+  version: 1.0.0
+paths:
+  /users:
+    get:
+      operationId: getUsers
+      summary: Get a list of users
+      parameters:
+        - $ref: parameters.yaml#/Param
+      responses:
+        '200':
+          description: A list of users
+          content:
+            application/json:
+              schema: {}
+components:
+  schemas:
+    User:
+      $ref: schemas.yaml#/Schema
diff --git a/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-same-ref/parameters.yaml b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-same-ref/parameters.yaml
new file mode 100644
index 0000000000..04188a821e
--- /dev/null
+++ b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-same-ref/parameters.yaml
@@ -0,0 +1,6 @@
+Param:
+  name: param
+  in: query
+  required: true
+  schema:
+    $ref: schemas.yaml#/Schema
diff --git a/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-same-ref/redocly.yaml b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-same-ref/redocly.yaml
new file mode 100644
index 0000000000..3c417243f8
--- /dev/null
+++ b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-same-ref/redocly.yaml
@@ -0,0 +1,6 @@
+apis:
+  test-api:
+    root: openapi.yaml
+
+decorators:
+  remove-unused-components: on
diff --git a/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-same-ref/schemas.yaml b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-same-ref/schemas.yaml
new file mode 100644
index 0000000000..72170c47b6
--- /dev/null
+++ b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-same-ref/schemas.yaml
@@ -0,0 +1,2 @@
+Schema:
+  type: string
diff --git a/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-same-ref/snapshot.txt b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-same-ref/snapshot.txt
new file mode 100644
index 0000000000..ae192b2ad8
--- /dev/null
+++ b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema-with-unused-schema-same-ref/snapshot.txt
@@ -0,0 +1,32 @@
+openapi: 3.1.0
+info:
+  title: Sample API
+  version: 1.0.0
+paths:
+  /users:
+    get:
+      operationId: getUsers
+      summary: Get a list of users
+      parameters:
+        - $ref: '#/components/parameters/Param'
+      responses:
+        '200':
+          description: A list of users
+          content:
+            application/json:
+              schema: {}
+components:
+  schemas:
+    Schema:
+      type: string
+  parameters:
+    Param:
+      name: param
+      in: query
+      required: true
+      schema:
+        $ref: '#/components/schemas/Schema'
+
+bundling openapi.yaml using configuration for api 'test-api'...
+📦 Created a bundle for openapi.yaml at stdout <test>ms.
+🧹 Removed 1 unused components.
diff --git a/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema/openapi.yaml b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema/openapi.yaml
new file mode 100644
index 0000000000..e7f89495e4
--- /dev/null
+++ b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema/openapi.yaml
@@ -0,0 +1,14 @@
+openapi: 3.1.0
+info:
+  title: Sample API
+  version: 1.0.0
+paths:
+  /users:
+    get:
+      parameters:
+        - $ref: parameters.yaml#/Param
+      responses:
+        '200':
+          content:
+            application/json:
+              schema: {}
diff --git a/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema/parameters.yaml b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema/parameters.yaml
new file mode 100644
index 0000000000..04188a821e
--- /dev/null
+++ b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema/parameters.yaml
@@ -0,0 +1,6 @@
+Param:
+  name: param
+  in: query
+  required: true
+  schema:
+    $ref: schemas.yaml#/Schema
diff --git a/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema/redocly.yaml b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema/redocly.yaml
new file mode 100644
index 0000000000..3c417243f8
--- /dev/null
+++ b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema/redocly.yaml
@@ -0,0 +1,6 @@
+apis:
+  test-api:
+    root: openapi.yaml
+
+decorators:
+  remove-unused-components: on
diff --git a/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema/schemas.yaml b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema/schemas.yaml
new file mode 100644
index 0000000000..72170c47b6
--- /dev/null
+++ b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema/schemas.yaml
@@ -0,0 +1,2 @@
+Schema:
+  type: string
diff --git a/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema/snapshot.txt b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema/snapshot.txt
new file mode 100644
index 0000000000..d5657fc7e6
--- /dev/null
+++ b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-parameter-ref-to-schema/snapshot.txt
@@ -0,0 +1,28 @@
+openapi: 3.1.0
+info:
+  title: Sample API
+  version: 1.0.0
+paths:
+  /users:
+    get:
+      parameters:
+        - $ref: '#/components/parameters/Param'
+      responses:
+        '200':
+          content:
+            application/json:
+              schema: {}
+components:
+  schemas:
+    Schema:
+      type: string
+  parameters:
+    Param:
+      name: param
+      in: query
+      required: true
+      schema:
+        $ref: '#/components/schemas/Schema'
+
+bundling openapi.yaml using configuration for api 'test-api'...
+📦 Created a bundle for openapi.yaml at stdout <test>ms.
diff --git a/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-recursive-ref/openapi.yaml b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-recursive-ref/openapi.yaml
new file mode 100644
index 0000000000..08c09b4eaa
--- /dev/null
+++ b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-recursive-ref/openapi.yaml
@@ -0,0 +1,24 @@
+openapi: 3.1.0
+info:
+  title: Sample API
+  version: 1.0.0
+paths:
+  /users:
+    get:
+      responses:
+        '200':
+          content:
+            application/json:
+              schema: {}
+components: 
+  schemas: 
+    RecursiveRef:
+      type: object
+      properties: 
+        prop:
+          type: array
+          items: 
+            anyOf: 
+              - $ref: '#/components/schemas/RecursiveRef'
+    UnusedComponent:
+      type: string
diff --git a/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-recursive-ref/redocly.yaml b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-recursive-ref/redocly.yaml
new file mode 100644
index 0000000000..3c417243f8
--- /dev/null
+++ b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-recursive-ref/redocly.yaml
@@ -0,0 +1,6 @@
+apis:
+  test-api:
+    root: openapi.yaml
+
+decorators:
+  remove-unused-components: on
diff --git a/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-recursive-ref/snapshot.txt b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-recursive-ref/snapshot.txt
new file mode 100644
index 0000000000..d6907852f9
--- /dev/null
+++ b/tests/e2e/bundle/bundle-remove-unused-components-from-config/oas3-recursive-ref/snapshot.txt
@@ -0,0 +1,16 @@
+openapi: 3.1.0
+info:
+  title: Sample API
+  version: 1.0.0
+paths:
+  /users:
+    get:
+      responses:
+        '200':
+          content:
+            application/json:
+              schema: {}
+
+bundling openapi.yaml using configuration for api 'test-api'...
+📦 Created a bundle for openapi.yaml at stdout <test>ms.
+🧹 Removed 2 unused components.
diff --git a/tests/e2e/bundle/bundle.test.ts b/tests/e2e/bundle/bundle.test.ts
index 3e9ab9ca03..0188c55411 100644
--- a/tests/e2e/bundle/bundle.test.ts
+++ b/tests/e2e/bundle/bundle.test.ts
@@ -73,6 +73,18 @@ describe('bundle with option in config: remove-unused-components', () => {
     );
   });
 
+  test.each([
+    'oas3-parameter-ref-to-schema',
+    'oas3-parameter-ref-to-schema-with-unused-schema-same-ref',
+    'oas3-parameter-ref-to-schema-with-unused-schema-opposite-ref',
+    'oas3-recursive-ref',
+  ])('%s: should remove unused components', async (type) => {
+    const testPath = join(__dirname, `bundle-remove-unused-components-from-config/${type}`);
+    const args = getParams(indexEntryPoint, ['bundle', '--config=redocly.yaml']);
+    const result = getCommandOutput(args, { testPath });
+    await expect(cleanupOutput(result)).toMatchFileSnapshot(join(testPath, 'snapshot.txt'));
+  });
+
   test.each(['oas2-without-option', 'oas3-without-option'])(
     "%s: shouldn't remove unused components",
     async (type) => {