diff --git a/torchmetrics/__about__.py b/torchmetrics/__about__.py
index 6e0399ddf9c..4036a13fdcf 100644
--- a/torchmetrics/__about__.py
+++ b/torchmetrics/__about__.py
@@ -1,4 +1,4 @@
-__version__ = "0.5.1rc0"
+__version__ = "0.5.1"
 __author__ = "PyTorchLightning et al."
 __author_email__ = "name@pytorchlightning.ai"
 __license__ = "Apache-2.0"