diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index d6f5f39e5c..b0c3aa56ac 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "3.24.0"
+  ".": "3.25.0"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3f0c7f887f..e380bac0fc 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,16 @@
 # Changelog
 
+## [3.25.0](https://github.com/openai/openai-python/compare/v3.24.0...v3.25.0) (2026-10-06)
+
+
+### Features
+
+* **agents:** observe local tool failures ([#4028](https://github.com/openai/openai-python/issues/4028)) ([95d9645](https://github.com/openai/openai-python/commit/95d9645128cb370b9b04413492b864179602c008))
+* **agents:** run local tools during streamed session creation ([#4027](https://github.com/openai/openai-python/issues/4027)) ([919b623](https://github.com/openai/openai-python/commit/919b6236382f3f9f76d8453efb9f9ad03cff1126))
+* **api:** add agent turn items and usage source grouping ([#4030](https://github.com/openai/openai-python/issues/4030)) ([bd74c4e](https://github.com/openai/openai-python/commit/bd74c4ec0a48eaa648b9199df7f6686e1eb5af2b))
+* **lib:** export type_to_response_format_param publicly ([#2993](https://github.com/openai/openai-python/issues/2993)) ([becc1d2](https://github.com/openai/openai-python/commit/becc1d20eed83c1b8d85e15dc131a372d9dc7813))
+* **tools:** support tool search (defer_loading=true) in typed function helpers ([#4029](https://github.com/openai/openai-python/issues/4029)) ([eec627f](https://github.com/openai/openai-python/commit/eec627f27b88729a095404bc2df7e32fa657dc88))
+
 ## [3.24.0](https://github.com/openai/openai-python/compare/v3.23.0...v3.24.0) (2026-10-02)
 
 
diff --git a/pyproject.toml b/pyproject.toml
index 62d33637d6..a525391870 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "openai"
-version = "3.24.0"
+version = "3.25.0"
 description = "The official Python library for the openai API"
 dynamic = ["readme"]
 license = "Apache-2.0"
diff --git a/src/openai/_version.py b/src/openai/_version.py
index 0906b86257..12fa56e2e1 100644
--- a/src/openai/_version.py
+++ b/src/openai/_version.py
@@ -1,2 +1,2 @@
 __title__ = "openai"
-__version__ = "3.24.0"  # x-release-please-version
+__version__ = "3.25.0"  # x-release-please-version
diff --git a/uv.lock b/uv.lock
index b336e3c902..33831538a0 100644
--- a/uv.lock
+++ b/uv.lock
@@ -1535,7 +1535,7 @@ wheels = [
 
 [[package]]
 name = "openai"
-version = "3.24.0" # x-release-please-version
+version = "3.25.0" # x-release-please-version
 source = { editable = "." }
 dependencies = [
     { name = "anyio" },