diff --git a/gprofiler/__init__.py b/gprofiler/__init__.py
index 6de6ee734..2f2a01907 100644
--- a/gprofiler/__init__.py
+++ b/gprofiler/__init__.py
@@ -2,4 +2,4 @@
 # Copyright (c) Granulate. All rights reserved.
 # Licensed under the AGPL3 License. See LICENSE.md in the project root for license information.
 #
-__version__ = "1.37.0"
+__version__ = "1.38.0"