diff --git a/docs/source/release-notes/7.1.2.rst b/docs/source/release-notes/7.1.2.rst
new file mode 100644
index 0000000..010656c
--- /dev/null
+++ b/docs/source/release-notes/7.1.2.rst
@@ -0,0 +1,15 @@
+7.1.2 -- 2025-02-16
+-------------------
+
+You can view the `7.1.2 milestone`_ on GitHub for more details.
+
+Bugs Fixed
+~~~~~~~~~~
+
+- Avoid starting unnecessary processes when "# files" < "jobs".
+  (See also :pull:`1966`).
+
+
+.. all links
+.. _7.1.2 milestone:
+    https://github.com/PyCQA/flake8/milestone/52
diff --git a/docs/source/release-notes/index.rst b/docs/source/release-notes/index.rst
index 9bf8646..2145179 100644
--- a/docs/source/release-notes/index.rst
+++ b/docs/source/release-notes/index.rst
@@ -12,6 +12,7 @@ with the newest releases first.
    7.0.0
    7.1.0
    7.1.1
+   7.1.2
 
 6.x Release Series
 ==================
diff --git a/src/flake8/__init__.py b/src/flake8/__init__.py
index 101eafe..0345499 100644
--- a/src/flake8/__init__.py
+++ b/src/flake8/__init__.py
@@ -17,7 +17,7 @@ import sys
 LOG = logging.getLogger(__name__)
 LOG.addHandler(logging.NullHandler())
 
-__version__ = "7.1.1"
+__version__ = "7.1.2"
 __version_info__ = tuple(int(i) for i in __version__.split(".") if i.isdigit())
 
 _VERBOSITY_TO_LOG_LEVEL = {