diff --git a/Makefile b/Makefile
index 539f1dbc7..5a0c537ec 100644
--- a/Makefile
+++ b/Makefile
@@ -31,7 +31,7 @@ GO_TEST_PARALLEL := $(shell echo $$(( $(NPROCS) / 2 )))
 GO_REQUIRED_VERSION = 1.19
 
 GO_STATIC_PACKAGES = $(GO_PROJECT)/cmd/crossplane $(GO_PROJECT)/cmd/crank $(GO_PROJECT)/cmd/xfn
-GO_LDFLAGS += -X $(GO_PROJECT)/internal/version.version=$(VERSION)
+GO_LDFLAGS += -X $(GO_PROJECT)/internal/version.version=$(shell echo $(VERSION) | sed 's/[\.,-]up.*//' )
 GO_SUBDIRS += cmd internal apis
 GO111MODULE = on
 GOLANGCILINT_VERSION = 1.50.1
@@ -178,4 +178,4 @@ crossplane.help:
 
 help-special: crossplane.help
 
-.PHONY: crossplane.help help-special
\ No newline at end of file
+.PHONY: crossplane.help help-special