diff --git a/pkgs/development/python-modules/cachetools/default.nix b/pkgs/development/python-modules/cachetools/default.nix
index cfb384d074e3..d4e0a5e56905 100644
--- a/pkgs/development/python-modules/cachetools/default.nix
+++ b/pkgs/development/python-modules/cachetools/default.nix
@@ -3,22 +3,26 @@
   buildPythonPackage,
   fetchFromGitHub,
   setuptools,
+  setuptools-scm,
   pytestCheckHook,
 }:
 
 buildPythonPackage rec {
   pname = "cachetools";
-  version = "6.2.4";
+  version = "7.1.4";
   pyproject = true;
 
   src = fetchFromGitHub {
     owner = "tkem";
     repo = "cachetools";
     tag = "v${version}";
-    hash = "sha256-LlDyrjiRYCD9btDl5NA0Seb3jk3hlpNhwu0jAQp9YZE=";
+    hash = "sha256-zgIUNzDVQMBjaaEitD3ACVd8ZXCeXu3MBTEapzH5sSY=";
   };
 
-  build-system = [ setuptools ];
+  build-system = [
+    setuptools
+    setuptools-scm
+  ];
 
   nativeCheckInputs = [ pytestCheckHook ];