diff --git a/pkgs/development/python-modules/cvxpy/default.nix b/pkgs/development/python-modules/cvxpy/default.nix
index aea8d568d7b7..96fc42273e21 100644
--- a/pkgs/development/python-modules/cvxpy/default.nix
+++ b/pkgs/development/python-modules/cvxpy/default.nix
@@ -25,21 +25,24 @@
 
 buildPythonPackage rec {
   pname = "cvxpy";
-  version = "1.6.6";
+  version = "1.7.1";
   pyproject = true;
 
   src = fetchFromGitHub {
     owner = "cvxpy";
     repo = "cvxpy";
     tag = "v${version}";
-    hash = "sha256-dn29rAm0f0cgUFtnHSykBE2p/U/EPorozjuuLWuH/Tw=";
+    hash = "sha256-gJL9j2hA+PvNhN1twv31dxb5Gz+q8uoIzwhXB12aIr4=";
   };
 
-  # we need to patch out numpy version caps from upstream
-  postPatch = ''
-    substituteInPlace pyproject.toml \
-      --replace-fail "numpy >= 2.0.0" "numpy"
-  '';
+  postPatch =
+    # too tight tolerance in tests (AssertionError)
+    ''
+      substituteInPlace cvxpy/tests/test_constant_atoms.py \
+        --replace-fail \
+          "CLARABEL: 1e-7," \
+          "CLARABEL: 1e-6,"
+    '';
 
   build-system = [
     numpy