diff --git a/recipes-osmocom/osmo-gbproxy/osmo-gbproxy_git.bb b/recipes-osmocom/osmo-gbproxy/osmo-gbproxy_git.bb
index 6dab676..c529beb 100644
--- a/recipes-osmocom/osmo-gbproxy/osmo-gbproxy_git.bb
+++ b/recipes-osmocom/osmo-gbproxy/osmo-gbproxy_git.bb
@@ -1,7 +1,7 @@
 require ${PN}.inc
 
 S = "${WORKDIR}/git"
-SRCREV = "0.3.0"
+SRCREV = "0.4.0"
 SRC_URI = "git://gerrit.osmocom.org/osmo-gbproxy.git;protocol=https;tag=${SRCREV};nobranch=1"
-PV = "0.3.0+gitr${SRCPV}"
+PV = "0.4.0+gitr${SRCPV}"
 PR = "${INC_PR}.0"