diff --git a/CHANGELOG.md b/CHANGELOG.md
index a6db0bf9..e4785f18 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,13 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/).
 
 From v1.0.0 onwards, this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html). Pre-v1, breaking changes are indicated via a minor release, while all other changes fall under patches. At any time, you can see what's in progress for a version by filtering GitHub issues by milestone.
 
+## [4.0.6](https://github.com/tophat/syrupy/compare/v4.0.5...v4.0.6) (2023-07-11)
+
+
+### Bug Fixes
+
+* improve reporting around xfailed snapshots, close [#736](https://github.com/tophat/syrupy/issues/736) ([#769](https://github.com/tophat/syrupy/issues/769)) ([596b29b](https://github.com/tophat/syrupy/commit/596b29b7eae26292fb671b3f339d255fd5ac8761))
+
 ## [4.0.5](https://github.com/tophat/syrupy/compare/v4.0.4...v4.0.5) (2023-07-04)
 
 
diff --git a/pyproject.toml b/pyproject.toml
index 3ed89076..cc48e086 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,7 +1,7 @@
 [tool.poetry]
 name = 'syrupy'
 license = 'Apache-2.0'
-version = "4.0.5"
+version = "4.0.6"
 description = 'Pytest Snapshot Test Utility'
 authors = ['Top Hat Open Source <opensource@tophat.com>']
 readme = 'README.md'