diff --git a/requirements.txt b/requirements.txt
index 649741c..384af61 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -1,7 +1,7 @@
 # Dependencies maintained by OCCRP
 followthemoney==3.5.9
 
-SQLAlchemy==2.0.29
+SQLAlchemy==2.0.31
 postgres==4.0
 
 # Testing dependencies