diff --git a/netbox/netbox/settings.py b/netbox/netbox/settings.py
index 12910650d..67ad50655 100644
--- a/netbox/netbox/settings.py
+++ b/netbox/netbox/settings.py
@@ -21,7 +21,7 @@ except ImportError:
         "Configuration file is not present. Please define netbox/netbox/configuration.py per the documentation."
     )
 
-VERSION = '2.5.0-dev'
+VERSION = '2.5-beta1'
 
 BASE_DIR = os.path.dirname(os.path.dirname(os.path.abspath(__file__)))