diff --git a/devel/rubygem-concurrent-ruby/Makefile b/devel/rubygem-concurrent-ruby/Makefile
index d082c531cc9d..0a8404cc8822 100644
--- a/devel/rubygem-concurrent-ruby/Makefile
+++ b/devel/rubygem-concurrent-ruby/Makefile
@@ -1,18 +1,18 @@
 PORTNAME=	concurrent-ruby
-PORTVERSION=	1.2.3
+PORTVERSION=	1.3.1
 CATEGORIES=	devel rubygems
 MASTER_SITES=	RG
 
 MAINTAINER=	sunpoet@FreeBSD.org
 COMMENT=	Modern concurrency tools for Ruby
 WWW=		https://ruby-concurrency.github.io/concurrent-ruby/ \
 		https://github.com/ruby-concurrency/concurrent-ruby
 
 LICENSE=	MIT
 LICENSE_FILE=	${WRKSRC}/LICENSE.txt
 
 USES=		gem
 
 NO_ARCH=	yes
 
 .include <bsd.port.mk>
diff --git a/devel/rubygem-concurrent-ruby/distinfo b/devel/rubygem-concurrent-ruby/distinfo
index 0b7c3170a2f7..5ed87932479a 100644
--- a/devel/rubygem-concurrent-ruby/distinfo
+++ b/devel/rubygem-concurrent-ruby/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1708450346
-SHA256 (rubygem/concurrent-ruby-1.2.3.gem) = 82fdd3f8a0816e28d513e637bb2b90a45d7b982bdf4f3a0511722d2e495801e2
-SIZE (rubygem/concurrent-ruby-1.2.3.gem) = 348672
+TIMESTAMP = 1717005285
+SHA256 (rubygem/concurrent-ruby-1.3.1.gem) = c369f1d0875b42295fe0fabc321065f3cfeab8c32c526c01b6b05af1efc8b0ce
+SIZE (rubygem/concurrent-ruby-1.3.1.gem) = 349184