diff --git a/math/py-cvxpy/Makefile b/math/py-cvxpy/Makefile
index 9789972ce189..08f8e632eb57 100644
--- a/math/py-cvxpy/Makefile
+++ b/math/py-cvxpy/Makefile
@@ -1,39 +1,46 @@
 PORTNAME=	cvxpy
-DISTVERSION=	1.9.0
+DISTVERSION=	1.9.2
 CATEGORIES=	math python
 MASTER_SITES=	PYPI
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
 
 MAINTAINER=	yuri@FreeBSD.org
 COMMENT=	Domain-specific language for modeling convex optimization problems
 WWW=		https://www.cvxpy.org \
 		https://github.com/cvxpy/cvxpy
 
 LICENSE=	APACHE20
 LICENSE_FILE=	${WRKSRC}/LICENSE
 
-BUILD_DEPENDS=	${PYTHON_PKGNAMEPREFIX}numpy>=2.0.0:math/py-numpy@${PY_FLAVOR} \
-		${PYTHON_PKGNAMEPREFIX}pybind11>0:devel/py-pybind11@${PY_FLAVOR}
+BUILD_DEPENDS=	${PY_SETUPTOOLS} \
+		${PYTHON_PKGNAMEPREFIX}numpy>=2.0.0:math/py-numpy@${PY_FLAVOR} \
+		${PYTHON_PKGNAMEPREFIX}pybind11>0:devel/py-pybind11@${PY_FLAVOR} \
+		${PYTHON_PKGNAMEPREFIX}scipy>=1.13.0:science/py-scipy@${PY_FLAVOR} \
+		${PYTHON_PKGNAMEPREFIX}wheel>0:devel/py-wheel@${PY_FLAVOR}
 RUN_DEPENDS=	${PYTHON_PKGNAMEPREFIX}clarabel>=0.5.0:math/py-clarabel@${PY_FLAVOR} \
-		${PYTHON_PKGNAMEPREFIX}highspy>=1.11.0:math/py-highspy@${PY_FLAVOR} \
+		${PYTHON_PKGNAMEPREFIX}highspy>=1.14.0:math/py-highspy@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}numpy>=2.0.0:math/py-numpy@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}osqp>=1.0.0:math/py-osqp@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}qdldl>=0.1.7.post0:math/py-qdldl@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}scipy>=1.13.0:science/py-scipy@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}scs>=3.2.4.post1:math/py-scs@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}sparsediffpy>=0.3.0:math/py-sparsediffpy@${PY_FLAVOR}
 TEST_DEPENDS=	${PYTHON_PKGNAMEPREFIX}cvxopt>0:math/py-cvxopt@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}diffcp>0:math/py-diffcp@${PY_FLAVOR}
 
 USES=		python
-USE_PYTHON=	distutils autoplist pytest
+USE_PYTHON=	pep517 autoplist pytest
 
 TEST_ENV=	${MAKE_ENV} PYTHONPATH=${STAGEDIR}${PYTHONPREFIX_SITELIBDIR}
 
+# TestOpRelConeQuad requires MOSEK/COPT/CVXOPT; on FreeBSD only CVXOPT is
+# available and it does not achieve the 3-place accuracy these tests expect.
+PYTEST_IGNORED_TESTS=	TestOpRelConeQuad
+
 post-install:
 		@${STRIP_CMD} \
 			${STAGEDIR}${PYTHONPREFIX_SITELIBDIR}/_cvxcore${PYTHON_TAG}.so
 
-# tests as of 1.9.0: TBD
+# tests as of 1.9.2: 2482 passed, 776 skipped (test environment lacks optional solvers), 6 deselected (TestOpRelConeQuad)
 
 .include <bsd.port.mk>
diff --git a/math/py-cvxpy/distinfo b/math/py-cvxpy/distinfo
index a4469e062d29..a6b392a986ff 100644
--- a/math/py-cvxpy/distinfo
+++ b/math/py-cvxpy/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1779173881
-SHA256 (cvxpy-1.9.0.tar.gz) = b392783713d82a0f4c229a9c08f2f0c03fc5e8b23e877dc45617a60dfac06104
-SIZE (cvxpy-1.9.0.tar.gz) = 1885589
+TIMESTAMP = 1784995598
+SHA256 (cvxpy-1.9.2.tar.gz) = b2e939f197a7081a300d5a95812fec8643fabaf23a149abf7e67ca7f89671d92
+SIZE (cvxpy-1.9.2.tar.gz) = 1916772
diff --git a/math/py-cvxpy/files/patch-pyproject.toml b/math/py-cvxpy/files/patch-pyproject.toml
index daec8a60337c..faa75baf7f25 100644
--- a/math/py-cvxpy/files/patch-pyproject.toml
+++ b/math/py-cvxpy/files/patch-pyproject.toml
@@ -1,13 +1,24 @@
 -- Use inline table format for license field; the SPDX string format (PEP 639)
 -- is only supported by setuptools >= 78.0, which is not yet in the ports tree.
+-- Drop the setuptools version floor so the port builds with the version of
+-- devel/py-setuptools currently in the ports tree.
 --- pyproject.toml.orig	2026-05-19 08:06:52 UTC
 +++ pyproject.toml
+@@ -67,7 +67,7 @@ requires = [
+     "numpy >= 2.0.0",
+     "scipy >= 1.13.0",
+     # 68.1.0 Promoted pyproject.toml's [tool.setuptools] out of beta.
+-    "setuptools >= 68.1.0",
++    "setuptools",
+     "wheel",
+     "pybind11"
+ ]
 @@ -89,7 +89,7 @@ urls = {Homepage = "https://github.com/cvxpy/cvxpy"}
  ]
  requires-python = ">=3.11"
  urls = {Homepage = "https://github.com/cvxpy/cvxpy"}
 -license = "Apache-2.0"
 +license = {text = "Apache-2.0"}
  authors = [{name = "Steven Diamond", email = "stevend2@stanford.edu"},
             {name = "", email = "akshayka@cs.stanford.edu"},
             {name = "Eric Chu", email = "echu508@stanford.edu"},