diff --git a/devel/py-qutip/Makefile b/devel/py-qutip/Makefile
index d776d147db05..dc7cef7da85a 100644
--- a/devel/py-qutip/Makefile
+++ b/devel/py-qutip/Makefile
@@ -1,37 +1,37 @@
 PORTNAME=	qutip
-DISTVERSION=	4.7.3
+DISTVERSION=	5.0.2
 CATEGORIES=	devel
 MASTER_SITES=	PYPI
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
 
 MAINTAINER=	yuri@FreeBSD.org
 COMMENT=	Quantum toolbox in python
 WWW=		https://qutip.org/
 
 LICENSE=	BSD3CLAUSE
 LICENSE_FILE=	${WRKSRC}/LICENSE.txt
 
 PY_DEPENDS=	${PYNUMPY} \
 		${PYTHON_PKGNAMEPREFIX}matplotlib>0:math/py-matplotlib@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}packaging>0:devel/py-packaging@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}scipy>=1.0:science/py-scipy@${PY_FLAVOR}
 BUILD_DEPENDS=	${PY_DEPENDS} \
 		${PY_SETUPTOOLS} \
 		${PYTHON_PKGNAMEPREFIX}pip>0:devel/py-pip@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}wheel>=0.32.0:devel/py-wheel@${PY_FLAVOR}
 RUN_DEPENDS=	${PY_DEPENDS}
 TEST_DEPENDS=	${PYTHON_PKGNAMEPREFIX}nose>0:devel/py-nose@${PY_FLAVOR}
 # the optional graphics/py-mayavi dependency is omitted because it is python-2.7 -only
 
 USES=		python
 USE_PYTHON=	pep517 cython cython_run autoplist
 
 post-install:
 	@${STRIP_CMD} ${STAGEDIR}${PYTHON_SITELIBDIR}/qutip/*/*${PYTHON_EXT_SUFFIX}.so
 
 do-test: # 3 tests fail, see https://github.com/qutip/qutip/issues/2190
 	@${ECHO} "==> Running tests. Please note that tests require X11 display access."
 	@cd ${WRKDIR} && ${SETENV} ${MAKE_ENV} PYTHONPATH=${STAGEDIR}${PYTHON_SITELIBDIR} \
 		${PYTHON_CMD} -c "import qutip.testing as qt; qt.run();"
 
 .include <bsd.port.mk>
diff --git a/devel/py-qutip/distinfo b/devel/py-qutip/distinfo
index 9078d15853fe..abc0c4364928 100644
--- a/devel/py-qutip/distinfo
+++ b/devel/py-qutip/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1692867088
-SHA256 (qutip-4.7.3.tar.gz) = abaf8281cacdb31b822456b4732d591939781ab94561f42bc081a64e3fda713d
-SIZE (qutip-4.7.3.tar.gz) = 3626890
+TIMESTAMP = 1719322821
+SHA256 (qutip-5.0.2.tar.gz) = 1c3d0fecc3e237783a9ef22cec2c54f49f0da4c17b9ee036848bdd9009f4baf5
+SIZE (qutip-5.0.2.tar.gz) = 5110303
diff --git a/devel/py-qutip/files/patch-pyproject.toml b/devel/py-qutip/files/patch-pyproject.toml
index 72ec670dea36..f20dc86ef7af 100644
--- a/devel/py-qutip/files/patch-pyproject.toml
+++ b/devel/py-qutip/files/patch-pyproject.toml
@@ -1,11 +1,11 @@
---- pyproject.toml.orig	2023-02-23 10:21:28 UTC
+--- pyproject.toml.orig	2024-06-25 13:46:12 UTC
 +++ pyproject.toml
-@@ -6,7 +6,7 @@ requires = [
-     "cython>=0.29.20",
+@@ -7,7 +7,7 @@ requires = [
+     "cython>=0.29.20,<3.0.0; python_version<='3.9'",
      # See https://numpy.org/doc/stable/user/depending_on_numpy.html for
      # the recommended way to build against numpy's C API:
 -    "oldest-supported-numpy",
 +    "numpy",
-     "scipy>=1.0",
+     "scipy>=1.8",
  ]
  build-backend = "setuptools.build_meta"