diff --git a/pkgs/development/python-modules/cheetah3/default.nix b/pkgs/development/python-modules/cheetah3/default.nix
index 6c89ea73cdbf..0352fd8714d0 100644
--- a/pkgs/development/python-modules/cheetah3/default.nix
+++ b/pkgs/development/python-modules/cheetah3/default.nix
@@ -7,7 +7,7 @@
 
 buildPythonPackage rec {
   pname = "cheetah3";
-  version = "3.3.3.post1";
+  version = "3.4.0";
   format = "setuptools";
 
   disabled = pythonOlder "3.7";
@@ -16,7 +16,7 @@ buildPythonPackage rec {
     owner = "CheetahTemplate3";
     repo = pname;
     rev = "refs/tags/${version}";
-    hash = "sha256-0NVKie/6Fp8T1O1fvrVorycybLrEXMY1yXZBDyxjpbE=";
+    hash = "sha256-yIdswcCuoDR3R/Subl22fKB55pgw/sDkrPy+vwNgaxI=";
   };
 
   doCheck = false; # Circular dependency