diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 8552960b36eb..59c128f7b39d 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "2.239.0"
+  ".": "2.240.0"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index f12504a9edfa..9f908aff3f72 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,22 @@
 # Changelog
 
+## [2.240.0](https://github.com/Flagsmith/flagsmith/compare/v2.239.0...v2.240.0) (2026-06-09)
+
+
+### Features
+
+* added tests for n plus 1 queries in metrics view ([#7728](https://github.com/Flagsmith/flagsmith/issues/7728)) ([4aab293](https://github.com/Flagsmith/flagsmith/commit/4aab293d383190add9909c1711bfeac9ba437982))
+* **experimentation:** metrics list view with edit, delete and pagination ([#7731](https://github.com/Flagsmith/flagsmith/issues/7731)) ([fef753d](https://github.com/Flagsmith/flagsmith/commit/fef753d1182858a85c2e292110fe99f8fdc8480c))
+* **experimentation:** warehouse connection verification UI ([#7678](https://github.com/Flagsmith/flagsmith/issues/7678)) ([7eda0b1](https://github.com/Flagsmith/flagsmith/commit/7eda0b17bb51fe581a4898c3f74049514ddd1cdb))
+* **experiments:** Create Metric page ([#7712](https://github.com/Flagsmith/flagsmith/issues/7712)) ([416de5c](https://github.com/Flagsmith/flagsmith/commit/416de5caba0531c492e9a442fb8bceea7490b975))
+* **multivariate:** reserve "control" as a variant key ([#7725](https://github.com/Flagsmith/flagsmith/issues/7725)) ([aa90ffc](https://github.com/Flagsmith/flagsmith/commit/aa90ffc5229c04f26c747cb10dc77be27967a579))
+
+
+### Bug Fixes
+
+* **frontend:** prevent error when inputRef is undefined ([#7649](https://github.com/Flagsmith/flagsmith/issues/7649)) ([591ecb3](https://github.com/Flagsmith/flagsmith/commit/591ecb33003505b3af4c35f1cc827c2a5e4c34dd))
+* support decimal multivariate variation weights ([#7672](https://github.com/Flagsmith/flagsmith/issues/7672)) ([c70b12e](https://github.com/Flagsmith/flagsmith/commit/c70b12ebe0c50ba5c823798b4d3ca9e05eabda30))
+
 ## [2.239.0](https://github.com/Flagsmith/flagsmith/compare/v2.238.0...v2.239.0) (2026-06-08)
 
 
diff --git a/version.txt b/version.txt
index aa35a4ed53b4..d7ff33493fd1 100644
--- a/version.txt
+++ b/version.txt
@@ -1 +1 @@
-2.239.0
+2.240.0