diff --git a/formation/__init__.py b/formation/__init__.py
index ce0f7e9..cacaad8 100644
--- a/formation/__init__.py
+++ b/formation/__init__.py
@@ -1,3 +1,3 @@
 from .loader import Builder, AppBuilder  # noqa
 
-__version__ = "0.4.0"
+__version__ = "0.5.0"
diff --git a/studio/__init__.py b/studio/__init__.py
index b9965d5..d822e08 100644
--- a/studio/__init__.py
+++ b/studio/__init__.py
@@ -2,4 +2,4 @@
 from studio.lib.pseudo import WidgetMeta
 
 
-__version__ = "0.4.0"
+__version__ = "0.5.0"