diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 1f710ce8bdd6..073dbe0154d1 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "2.199.0"
+  ".": "2.200.0"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 997e6676f936..078437a950be 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,38 @@
 # Changelog
 
+## [2.200.0](https://github.com/Flagsmith/flagsmith/compare/v2.199.0...v2.200.0) (2025-11-05)
+
+
+### Features
+
+* add pylon chat ([#6214](https://github.com/Flagsmith/flagsmith/issues/6214)) ([7a5f64d](https://github.com/Flagsmith/flagsmith/commit/7a5f64dd4643012c0e9b691316de326c1478f89e))
+* added-query-param-to-get-segment-feature-states ([#6156](https://github.com/Flagsmith/flagsmith/issues/6156)) ([9ad82d5](https://github.com/Flagsmith/flagsmith/commit/9ad82d53818eecb6cda44de9cf61a9d5be3ae46e))
+
+
+### Bug Fixes
+
+* added-tags-in-approval-has-permissions ([#6227](https://github.com/Flagsmith/flagsmith/issues/6227)) ([d4229a9](https://github.com/Flagsmith/flagsmith/commit/d4229a9f9a6aec01e201b5c43b13d0d738153b97))
+* metrics endpoint identity overrides ([#6159](https://github.com/Flagsmith/flagsmith/issues/6159)) ([b44cf42](https://github.com/Flagsmith/flagsmith/commit/b44cf4258f3e518e79448805dba08aab1a51e333))
+* Pin firefox version ([#6244](https://github.com/Flagsmith/flagsmith/issues/6244)) ([3f8b260](https://github.com/Flagsmith/flagsmith/commit/3f8b260832b9e964d2f4480394491bc83d35e34f))
+* properly deal with context values dropdown ([#6222](https://github.com/Flagsmith/flagsmith/issues/6222)) ([bca5744](https://github.com/Flagsmith/flagsmith/commit/bca5744614ccaca1b9eeec648748eca741eb8f0e))
+* Revert "infra: Remove PGP key from SaaS build" ([#6197](https://github.com/Flagsmith/flagsmith/issues/6197)) ([db16264](https://github.com/Flagsmith/flagsmith/commit/db162648b30105ae123bcb2b86be628a7f5535ea))
+* show whitespace warnings for IN operator comma-separated values ([#6203](https://github.com/Flagsmith/flagsmith/issues/6203)) ([1b75a10](https://github.com/Flagsmith/flagsmith/commit/1b75a10d0b951c8db30ce4a9322b9eb81ee11288))
+* **sse_stream_access_logs:** Add timeout ([#6198](https://github.com/Flagsmith/flagsmith/issues/6198)) ([4d15821](https://github.com/Flagsmith/flagsmith/commit/4d1582119cad72ea817c64bdfd22125d17c7a6a5))
+* switched-allow-context-values-to-disabled ([#6216](https://github.com/Flagsmith/flagsmith/issues/6216)) ([f95a4f6](https://github.com/Flagsmith/flagsmith/commit/f95a4f6f47b37b2b747a1fc58ff496e82aca3a64))
+
+
+### Infrastructure (Flagsmith SaaS Only)
+
+* Remove PGP key from SaaS build ([#6194](https://github.com/Flagsmith/flagsmith/issues/6194)) ([9b43a37](https://github.com/Flagsmith/flagsmith/commit/9b43a379de18f0ddf18d7de470f94e9cb8531bf2))
+
+
+### Dependency Updates
+
+* Bump flagsmith-common from 2.2.2 to 2.2.3 ([#6235](https://github.com/Flagsmith/flagsmith/issues/6235)) ([7474ba9](https://github.com/Flagsmith/flagsmith/commit/7474ba9961912be68cae6605179b3dc5a7b02605))
+* Bump flagsmith-common from 2.2.3 to 2.2.4 ([#6237](https://github.com/Flagsmith/flagsmith/issues/6237)) ([5926910](https://github.com/Flagsmith/flagsmith/commit/5926910729572f5ff6f330f9c309ae78f5f38f29))
+* bump flagsmith-common to 2.2.2 ([#6225](https://github.com/Flagsmith/flagsmith/issues/6225)) ([786cbd9](https://github.com/Flagsmith/flagsmith/commit/786cbd9d09605a35c3df5044b1fad099ed9eba91))
+* bump flagsmith-workflows to 3.1.0 ([#6140](https://github.com/Flagsmith/flagsmith/issues/6140)) ([33ad626](https://github.com/Flagsmith/flagsmith/commit/33ad6265af25e9887f2c158ccc381db449dabf06))
+
 ## [2.199.0](https://github.com/Flagsmith/flagsmith/compare/v2.198.1...v2.199.0) (2025-10-22)
 
 
diff --git a/version.txt b/version.txt
index 79b8c4cef1bc..6e68eb8ec7ab 100644
--- a/version.txt
+++ b/version.txt
@@ -1 +1 @@
-2.199.0
+2.200.0