diff --git a/CHANGELOG.md b/CHANGELOG.md
index ad19923cd..d6037671a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,42 @@
 # Changelog
 
+## 0.1.25
+
+### Breaking changes
+
+- Limit overrides and constraints to `requirements.txt` format ([#2632](https://github.com/astral-sh/uv/pull/2632))
+
+### Enhancements
+
+- Accept `setup.py` and `setup.cfg` files in compile ([#2634](https://github.com/astral-sh/uv/pull/2634))
+- Add `--no-binary` and `--only-binary` support to `requirements.txt` ([#2680](https://github.com/astral-sh/uv/pull/2680))
+- Allow prereleases, locals, and URLs in non-editable path requirements ([#2671](https://github.com/astral-sh/uv/pull/2671))
+- Use PEP 517 to extract dynamic `pyproject.toml` metadata ([#2633](https://github.com/astral-sh/uv/pull/2633))
+- Add `Editable project location` and `Required-by` to `pip show` ([#2589](https://github.com/astral-sh/uv/pull/2589))
+- Avoid `prepare_metadata_for_build_wheel` calls for Hatch packages with dynamic dependencies ([#2645](https://github.com/astral-sh/uv/pull/2645))
+- Fall back to PEP 517 hooks for non-compliant PEP 621 metadata ([#2662](https://github.com/astral-sh/uv/pull/2662))
+- Support `file://localhost/` schemes ([#2657](https://github.com/astral-sh/uv/pull/2657))
+- Use normal resolver in `pip sync` ([#2696](https://github.com/astral-sh/uv/pull/2696))
+
+### CLI
+
+- Disallow `pyproject.toml` from `pip uninstall -r` ([#2663](https://github.com/astral-sh/uv/pull/2663))
+- Unhide `--emit-index-url` and `--emit-find-links` ([#2691](https://github.com/astral-sh/uv/pull/2691))
+- Use dense formatting for requirement version specifiers in diagnostics ([#2601](https://github.com/astral-sh/uv/pull/2601))
+
+### Performance
+
+- Add an in-memory cache for Git references ([#2682](https://github.com/astral-sh/uv/pull/2682))
+- Do not force-recompile `.pyc` files ([#2642](https://github.com/astral-sh/uv/pull/2642))
+- Read package metadata from `pyproject.toml` when it is statically defined ([#2676](https://github.com/astral-sh/uv/pull/2676))
+
+### Bug fixes
+
+- Don't error on multiple matching index URLs ([#2627](https://github.com/astral-sh/uv/pull/2627))
+- Extract local versions from direct URL requirements ([#2624](https://github.com/astral-sh/uv/pull/2624))
+- Respect `--no-index` with `--find-links` in `pip sync` ([#2692](https://github.com/astral-sh/uv/pull/2692))
+- Use `Scripts` folder for virtualenv activation prompt ([#2690](https://github.com/astral-sh/uv/pull/2690))
+
 ## 0.1.24
 
 ### Breaking changes
diff --git a/Cargo.lock b/Cargo.lock
index 8a607d8a6..02e45c5ff 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4283,7 +4283,7 @@ checksum = "a183cf7feeba97b4dd1c0d46788634f6221d87fa961b305bed08c851829efcc0"
 
 [[package]]
 name = "uv"
-version = "0.1.24"
+version = "0.1.25"
 dependencies = [
  "anstream",
  "anyhow",
@@ -4797,7 +4797,7 @@ dependencies = [
 
 [[package]]
 name = "uv-version"
-version = "0.1.24"
+version = "0.1.25"
 
 [[package]]
 name = "uv-virtualenv"
diff --git a/crates/uv-version/Cargo.toml b/crates/uv-version/Cargo.toml
index 8a70369d0..ccb2a9bfa 100644
--- a/crates/uv-version/Cargo.toml
+++ b/crates/uv-version/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "uv-version"
-version = "0.1.24"
+version = "0.1.25"
 edition = { workspace = true }
 rust-version = { workspace = true }
 homepage = { workspace = true }
diff --git a/crates/uv/Cargo.toml b/crates/uv/Cargo.toml
index 3d1c03477..72d65286a 100644
--- a/crates/uv/Cargo.toml
+++ b/crates/uv/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "uv"
-version = "0.1.24"
+version = "0.1.25"
 edition = { workspace = true }
 rust-version = { workspace = true }
 homepage = { workspace = true }
diff --git a/pyproject.toml b/pyproject.toml
index f22c1cb8c..315773327 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -4,7 +4,7 @@ build-backend = "maturin"
 
 [project]
 name = "uv"
-version = "0.1.24"
+version = "0.1.25"
 description = "An extremely fast Python package installer and resolver, written in Rust."
 authors = [{ name = "Astral Software Inc.", email = "hey@astral.sh" }]
 requires-python = ">=3.8"