diff --git a/pkgs/development/python-modules/torchmetrics/default.nix b/pkgs/development/python-modules/torchmetrics/default.nix
index d3595bd90b7f..132bd67caea3 100644
--- a/pkgs/development/python-modules/torchmetrics/default.nix
+++ b/pkgs/development/python-modules/torchmetrics/default.nix
@@ -24,14 +24,14 @@
 
 buildPythonPackage rec {
   pname = "torchmetrics";
-  version = "1.6.3";
+  version = "1.7.0";
   pyproject = true;
 
   src = fetchFromGitHub {
     owner = "Lightning-AI";
     repo = "torchmetrics";
     tag = "v${version}";
-    hash = "sha256-zBsqotwL6KUpcNV7SyEGnuW9Vl3oxaVy5wMHgGD7U/M=";
+    hash = "sha256-OrNYkvaTU1Zm1634eaLQqESkmLmPGgIBN2mAd1xmMP0=";
   };
 
   dependencies = [