diff --git a/packages/components/package-lock.json b/packages/components/package-lock.json
index 0d54ef679d..feddea4fbe 100644
--- a/packages/components/package-lock.json
+++ b/packages/components/package-lock.json
@@ -1,16 +1,16 @@
 {
   "name": "@labkey/components",
-  "version": "7.23.4",
+  "version": "7.23.5",
   "lockfileVersion": 3,
   "requires": true,
   "packages": {
     "": {
       "name": "@labkey/components",
-      "version": "7.23.4",
+      "version": "7.23.5",
       "license": "SEE LICENSE IN LICENSE.txt",
       "dependencies": {
         "@hello-pangea/dnd": "18.0.1",
-        "@labkey/api": "1.49.0",
+        "@labkey/api": "1.49.1",
         "@testing-library/dom": "~10.4.1",
         "@testing-library/jest-dom": "~6.9.1",
         "@testing-library/react": "~16.3.2",
@@ -3748,9 +3748,9 @@
       }
     },
     "node_modules/@labkey/api": {
-      "version": "1.49.0",
-      "resolved": "https://labkey.jfrog.io/artifactory/api/npm/libs-client/@labkey/api/-/@labkey/api-1.49.0.tgz",
-      "integrity": "sha512-vMqR7ReTWb0hhe39PXygFFV0Fy3ncJStsltULecZt+tUEe246VyXAcPeRv9KDE0biBIVDr1f3csOIffAcx9lQw==",
+      "version": "1.49.1",
+      "resolved": "https://labkey.jfrog.io/artifactory/api/npm/libs-client/@labkey/api/-/@labkey/api-1.49.1.tgz",
+      "integrity": "sha512-ClFIyggEDH4PC+HB4tnZpaOfIls4MgJugS4TmE6Y5xmVzBm8L442aF/gJFMqcZQ1MMNTP7swRHbfvSvJN5Cmyw==",
       "license": "Apache-2.0"
     },
     "node_modules/@labkey/build": {
diff --git a/packages/components/package.json b/packages/components/package.json
index f004374b1b..d0a7b75078 100644
--- a/packages/components/package.json
+++ b/packages/components/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@labkey/components",
-  "version": "7.23.4",
+  "version": "7.23.5",
   "description": "Components, models, actions, and utility functions for LabKey applications and pages",
   "sideEffects": false,
   "files": [
@@ -53,7 +53,7 @@
   "homepage": "https://github.com/LabKey/labkey-ui-components#readme",
   "dependencies": {
     "@hello-pangea/dnd": "18.0.1",
-    "@labkey/api": "1.49.0",
+    "@labkey/api": "1.49.1",
     "@testing-library/dom": "~10.4.1",
     "@testing-library/jest-dom": "~6.9.1",
     "@testing-library/react": "~16.3.2",
diff --git a/packages/components/releaseNotes/components.md b/packages/components/releaseNotes/components.md
index c0c01662b9..1b1ead72b6 100644
--- a/packages/components/releaseNotes/components.md
+++ b/packages/components/releaseNotes/components.md
@@ -1,6 +1,10 @@
 # @labkey/components
 Components, models, actions, and utility functions for LabKey applications and pages
 
+### version 7.23.5
+*Released*: 18 March 2026
+- Bump @labkye/api dependency
+
 ### version 7.23.4
 *Released*: 22 March 2026
 - Set query and registry audit events to `hasTransactionId=true`