diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index bb6779bf4..a79e6112f 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 4.0.31
+current_version = 4.0.32
 commit = True
 tag = True
 tag_name = {new_version}
diff --git a/README.md b/README.md
index a1653b703..184451d99 100644
--- a/README.md
+++ b/README.md
@@ -1,4 +1,4 @@
-[![Generic badge](https://img.shields.io/badge/version-4.0.31-blue.svg)](https://shields.io/)
+[![Generic badge](https://img.shields.io/badge/version-4.0.32-blue.svg)](https://shields.io/)
 ![CI/CD](https://github.com/broadinstitute/long-read-pipelines/workflows/CI/CD/badge.svg)
 ![Nightly](https://github.com/broadinstitute/long-read-pipelines/workflows/Nightly/badge.svg)
 
diff --git a/VERSION b/VERSION
index 39ccb947e..ab5daa750 100644
--- a/VERSION
+++ b/VERSION
@@ -1,2 +1,2 @@
 
-version=4.0.31
+version=4.0.32