diff --git a/CHANGELOG.md b/CHANGELOG.md
index c596f9632..8bc09181e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,16 @@
 # Changelog
 
+## v5.0.6 (2024-01-16)
+
+[Full Changelog](https://github.com/swift-nav/libsbp/compare/v5.0.5...v5.0.6)
+
+**Merged pull requests:**
+
+- Add --unbuffered option to sbp2json.py [\#1400](https://github.com/swift-nav/libsbp/pull/1400) ([dgburr](https://github.com/dgburr))
+- Auto submodule update: cmake - ASIO C++ and ASIO Grpc libraries [\#1399](https://github.com/swift-nav/libsbp/pull/1399) ([swiftnav-svc-jenkins](https://github.com/swiftnav-svc-jenkins))
+- Bump docker image used for rust build to 1.65 [\#1396](https://github.com/swift-nav/libsbp/pull/1396) ([dgburr](https://github.com/dgburr))
+- Add MsgMeasurementPoint [\#1388](https://github.com/swift-nav/libsbp/pull/1388) ([woodfell](https://github.com/woodfell))
+
 ## [v5.0.5](https://github.com/swift-nav/libsbp/tree/v5.0.5) (2024-01-03)
 
 [Full Changelog](https://github.com/swift-nav/libsbp/compare/v5.0.4...v5.0.5)
diff --git a/c/include/libsbp/version.h b/c/include/libsbp/version.h
index 8e60117d9..5b5863afa 100644
--- a/c/include/libsbp/version.h
+++ b/c/include/libsbp/version.h
@@ -28,7 +28,7 @@
 #define SBP_PATCH_VERSION 6
 
 /** Full SBP version string. */
-#define SBP_VERSION "5.0.6"
+#define SBP_VERSION "5.0.7-alpha"
 
 /** Is this a staging branch? */
 #define SBP_STAGING 0
diff --git a/haskell/sbp.cabal b/haskell/sbp.cabal
index a38ac7473..b4ff356d2 100644
--- a/haskell/sbp.cabal
+++ b/haskell/sbp.cabal
@@ -1,5 +1,5 @@
 name:                  sbp
-version:               5.0.6
+version:               5.0.7-alpha
 synopsis:              SwiftNav's SBP Library
 homepage:              https://github.com/swift-nav/libsbp
 license:               MIT
diff --git a/javascript/sbp/RELEASE-VERSION b/javascript/sbp/RELEASE-VERSION
index 4d5e5283b..25ff9a923 100644
--- a/javascript/sbp/RELEASE-VERSION
+++ b/javascript/sbp/RELEASE-VERSION
@@ -1 +1 @@
-5.0.6
\ No newline at end of file
+5.0.7-alpha
\ No newline at end of file
diff --git a/package-lock.json b/package-lock.json
index ab2716fd2..63c9fb10b 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "sbp",
-  "version": "5.0.6",
+  "version": "5.0.7-alpha",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "sbp",
-      "version": "5.0.6",
+      "version": "5.0.7-alpha",
       "license": "MIT",
       "dependencies": {
         "binary-parser": "^1.7.0",
diff --git a/package.json b/package.json
index 61d1498e3..2e280a71d 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "sbp",
-  "version": "5.0.6",
+  "version": "5.0.7-alpha",
   "description": "libsbp bindings for JavaScript. More information here: http://swift-nav.github.io/libsbp/",
   "files": [
     "javascript/*",
diff --git a/python/sbp/RELEASE-VERSION b/python/sbp/RELEASE-VERSION
index 4d5e5283b..25ff9a923 100644
--- a/python/sbp/RELEASE-VERSION
+++ b/python/sbp/RELEASE-VERSION
@@ -1 +1 @@
-5.0.6
\ No newline at end of file
+5.0.7-alpha
\ No newline at end of file
diff --git a/rust/sbp/Cargo.toml b/rust/sbp/Cargo.toml
index ffa266de1..0493abe9c 100644
--- a/rust/sbp/Cargo.toml
+++ b/rust/sbp/Cargo.toml
@@ -7,7 +7,7 @@
 
 [package]
 name = "sbp"
-version = "5.0.6"
+version = "5.0.7-alpha"
 description = "Rust native implementation of SBP (Swift Binary Protocol) for communicating with devices made by Swift Navigation"
 authors = ["Swift Navigation <dev@swiftnav.com>"]
 repository = "https://github.com/swift-nav/libsbp"
diff --git a/rust/sbp2json/Cargo.toml b/rust/sbp2json/Cargo.toml
index d093aa8b2..b63fc45fa 100644
--- a/rust/sbp2json/Cargo.toml
+++ b/rust/sbp2json/Cargo.toml
@@ -7,7 +7,7 @@
 
 [package]
 name = "sbp2json"
-version = "5.0.6-unreleased"
+version = "5.0.7-alpha"
 repository = "https://github.com/swift-nav/libsbp"
 description = "Rust native implementation of SBP (Swift Binary Protocol) to JSON conversion tools"
 authors = ["Swift Navigation <dev@swiftnav.com>"]