diff --git a/CMakeLists.txt b/CMakeLists.txt
index a6ec78627..d2211207a 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -140,8 +140,8 @@ if (PERFSUITE_RUN_SHORT_TEST)
   add_definitions(-DRUN_RAJAPERF_SHORT_TEST)
 endif()
 
-set(RAJA_PERFSUITE_VERSION_MAJOR 2024)
-set(RAJA_PERFSUITE_VERSION_MINOR 07)
+set(RAJA_PERFSUITE_VERSION_MAJOR 2025)
+set(RAJA_PERFSUITE_VERSION_MINOR 03)
 set(RAJA_PERFSUITE_VERSION_PATCHLEVEL 0)
 
 set(RAJA_PERFSUITE_DEPENDS RAJA)
diff --git a/docs/conf.py b/docs/conf.py
index 59bddb8dc..b82f9dc7a 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -86,9 +86,9 @@
 # built documents.
 #
 # The short X.Y version.
-version = u'2024.07'
+version = u'2025.03'
 # The full version, including alpha/beta/rc tags.
-release = u'2024.07.0'
+release = u'2025.03.0'
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.