diff --git a/NEWS b/NEWS
index 1637c5509..12015d6e9 100644
--- a/NEWS
+++ b/NEWS
@@ -1,4 +1,4 @@
-1.5.23.dev0
+1.5.23
  * #394: Compact repository segments and free space with new "borgmatic compact" action. Borg 1.2+
    only. Also run "compact" by default when no actions are specified, as "prune" in Borg 1.2 no
    longer frees up space unless "compact" is run.
diff --git a/setup.py b/setup.py
index 0a40c6f6c..f783cf0cc 100644
--- a/setup.py
+++ b/setup.py
@@ -1,6 +1,6 @@
 from setuptools import find_packages, setup
 
-VERSION = '1.5.23.dev0'
+VERSION = '1.5.23'
 
 
 setup(