diff --git a/CHANGELOG.md b/CHANGELOG.md
index e09aaedb9..ad9571c7e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -8,6 +8,8 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/).
 
 ## Unreleased
 
+## 7.4.0 - 2025-03-20
+
 ### Added
 
 - Nix store access to the default sandbox
diff --git a/Cargo.lock b/Cargo.lock
index 19f2546cd..e997d1d65 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4535,7 +4535,7 @@ dependencies = [
 
 [[package]]
 name = "phylum-cli"
-version = "7.3.0"
+version = "7.4.0"
 dependencies = [
  "anyhow",
  "assert_cmd",
diff --git a/cli/Cargo.toml b/cli/Cargo.toml
index 16a06bf48..a15b8e108 100644
--- a/cli/Cargo.toml
+++ b/cli/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "phylum-cli"
-version = "7.3.0"
+version = "7.4.0"
 authors = ["Veracode, Inc. <dl-phylum-engineering@veracode.com>"]
 license = "GPL-3.0-or-later"
 edition = "2021"