diff --git a/CMakeLists.txt b/CMakeLists.txt
index 59ae991b5..7d1528033 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -16,7 +16,7 @@ cmake_minimum_required(VERSION 3.15)
 cmake_policy(SET CMP0091 NEW) # Use MSVC_RUNTIME_LIBRARY to select the runtime
 project(
     Verilator
-    VERSION 5.030
+    VERSION 5.031
     HOMEPAGE_URL https://verilator.org
     LANGUAGES CXX
 )
diff --git a/Changes b/Changes
index ad9894665..4ded496a4 100644
--- a/Changes
+++ b/Changes
@@ -8,6 +8,11 @@ The changes in each Verilator version are described below.  The
 contributors that suggested a given feature are shown in []. Thanks!
 
 
+Verilator 5.031 devel
+==========================
+
+
+
 Verilator 5.030 2024-10-27
 ==========================
 
diff --git a/configure.ac b/configure.ac
index 6d01254b4..1f0897f7f 100644
--- a/configure.ac
+++ b/configure.ac
@@ -10,7 +10,7 @@
 # Then 'make maintainer-dist'
 #AC_INIT([Verilator],[#.### YYYY-MM-DD])
 #AC_INIT([Verilator],[#.### devel])
-AC_INIT([Verilator],[5.030 2024-10-27],
+AC_INIT([Verilator],[5.031 devel],
         [https://verilator.org],
         [verilator],[https://verilator.org])