diff --git a/CHANGES.rst b/CHANGES.rst
index 30b4f66d..8dd6f723 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -1,7 +1,7 @@
 Version 3.0.3
 -------------
 
-Unreleased
+Released 2023-01-31
 
 -   Show helpful errors when mistakenly using multiple ``SQLAlchemy`` instances for the
     same app, or without calling ``init_app``. :pr:`1151`
diff --git a/src/flask_sqlalchemy/__init__.py b/src/flask_sqlalchemy/__init__.py
index f51e202c..7d38ee68 100644
--- a/src/flask_sqlalchemy/__init__.py
+++ b/src/flask_sqlalchemy/__init__.py
@@ -4,7 +4,7 @@
 
 from .extension import SQLAlchemy
 
-__version__ = "3.0.3.dev"
+__version__ = "3.0.3"
 
 __all__ = [
     "SQLAlchemy",