diff --git a/packages/react-scripts/config/jest/__tests__/fileTransform.test.js b/packages/react-scripts/config/jest/__tests__/fileTransform.test.js
new file mode 100644
index 00000000000..c39b669608b
--- /dev/null
+++ b/packages/react-scripts/config/jest/__tests__/fileTransform.test.js
@@ -0,0 +1,104 @@
+/**
+ * Copyright (c) 2015-present, Facebook, Inc.
+ *
+ * This source code is licensed under the MIT license found in the
+ * LICENSE file in the root directory of this source tree.
+ */
+
+'use strict';
+
+const path = require('path');
+const React = require('react');
+const ReactDOMServer = require('react-dom/server');
+const fileTransform = require('../fileTransform');
+
+function loadTransformed(filename) {
+  const code = fileTransform.process('', filename);
+  const module = { exports: {} };
+  // eslint-disable-next-line no-new-func
+  new Function('module', 'exports', 'require', code)(
+    module,
+    module.exports,
+    require
+  );
+  return module.exports;
+}
+
+function getRef(element) {
+  return element.props.ref !== undefined ? element.props.ref : element.ref;
+}
+
+describe('fileTransform', () => {
+  describe('non-svg files', () => {
+    it('exports the file basename', () => {
+      const exported = loadTransformed(path.join('src', 'images', 'logo.png'));
+      expect(exported).toBe('logo.png');
+    });
+
+    it('does not reference React', () => {
+      const code = fileTransform.process('', path.join('src', 'data.txt'));
+      expect(code).toBe('module.exports = "data.txt";');
+    });
+  });
+
+  describe('svg files', () => {
+    const svgPath = path.join('src', 'assets', 'my-logo.svg');
+
+    it('exports the basename as default', () => {
+      const exported = loadTransformed(svgPath);
+      expect(exported.__esModule).toBe(true);
+      expect(exported.default).toBe('my-logo.svg');
+    });
+
+    it('names the component after the file like SVGR', () => {
+      const { ReactComponent } = loadTransformed(svgPath);
+      expect(ReactComponent.$$typeof).toBe(Symbol.for('react.forward_ref'));
+      expect(ReactComponent.render.name).toBe('SvgMyLogo');
+    });
+
+    it('returns a valid React element for the current React version', () => {
+      const { ReactComponent } = loadTransformed(svgPath);
+      const element = ReactComponent.render({}, null);
+      expect(React.isValidElement(element)).toBe(true);
+    });
+
+    it('renders an svg element with the filename as children', () => {
+      const { ReactComponent } = loadTransformed(svgPath);
+      const element = ReactComponent.render({}, null);
+      expect(element.type).toBe('svg');
+      expect(element.props.children).toBe('my-logo.svg');
+    });
+
+    it('passes props through to the svg element', () => {
+      const { ReactComponent } = loadTransformed(svgPath);
+      const element = ReactComponent.render(
+        { className: 'icon', width: 24 },
+        null
+      );
+      expect(element.props.className).toBe('icon');
+      expect(element.props.width).toBe(24);
+    });
+
+    it('forwards the ref to the svg element', () => {
+      const { ReactComponent } = loadTransformed(svgPath);
+      const ref = React.createRef();
+      const element = ReactComponent.render({}, ref);
+      expect(getRef(element)).toBe(ref);
+    });
+
+    it('does not mutate the incoming props', () => {
+      const { ReactComponent } = loadTransformed(svgPath);
+      const props = { title: 'Logo' };
+      ReactComponent.render(props, React.createRef());
+      expect(props).toEqual({ title: 'Logo' });
+    });
+
+    it('can be rendered by react-dom', () => {
+      const { ReactComponent } = loadTransformed(svgPath);
+      const markup = ReactDOMServer.renderToStaticMarkup(
+        React.createElement(ReactComponent, { className: 'icon' })
+      );
+      expect(markup).toBe('<svg class="icon">my-logo.svg</svg>');
+    });
+  });
+});
diff --git a/packages/react-scripts/config/jest/fileTransform.js b/packages/react-scripts/config/jest/fileTransform.js
index aab67618c38..13fab821d11 100644
--- a/packages/react-scripts/config/jest/fileTransform.js
+++ b/packages/react-scripts/config/jest/fileTransform.js
@@ -22,15 +22,7 @@ module.exports = {
         __esModule: true,
         default: ${assetFilename},
         ReactComponent: React.forwardRef(function ${componentName}(props, ref) {
-          return {
-            $$typeof: Symbol.for('react.element'),
-            type: 'svg',
-            ref: ref,
-            key: null,
-            props: Object.assign({}, props, {
-              children: ${assetFilename}
-            })
-          };
+          return React.createElement('svg', Object.assign({}, props, { ref: ref }), ${assetFilename});
         }),
       };`;
     }
diff --git a/packages/react-scripts/fixtures/kitchensink/template/src/features/webpack/SvgComponent.test.js b/packages/react-scripts/fixtures/kitchensink/template/src/features/webpack/SvgComponent.test.js
index 49931840413..f26c2e38a9d 100644
--- a/packages/react-scripts/fixtures/kitchensink/template/src/features/webpack/SvgComponent.test.js
+++ b/packages/react-scripts/fixtures/kitchensink/template/src/features/webpack/SvgComponent.test.js
@@ -10,8 +10,7 @@ import SvgComponent, { SvgComponentWithRef } from './SvgComponent';
 import ReactDOMClient from 'react-dom/client';
 import { flushSync } from 'react-dom';
 
-// TODO: these fail with React 19 due to the JSX transform mismatch.
-describe.skip('svg component', () => {
+describe('svg component', () => {
   it('renders without crashing', async () => {
     const div = document.createElement('div');
     flushSync(() => {