diff --git a/textproc/rubygem-psych/Makefile b/textproc/rubygem-psych/Makefile
index 7127c6fb8f3d..e3a228614a31 100644
--- a/textproc/rubygem-psych/Makefile
+++ b/textproc/rubygem-psych/Makefile
@@ -1,18 +1,18 @@
 PORTNAME=	psych
-PORTVERSION=	4.0.6
+PORTVERSION=	5.0.1
 CATEGORIES=	textproc rubygems
 MASTER_SITES=	RG
 
 MAINTAINER=	sunpoet@FreeBSD.org
 COMMENT=	YAML parser and emitter
 WWW=		https://github.com/ruby/psych
 
 LICENSE=	MIT
 LICENSE_FILE=	${WRKSRC}/LICENSE
 
 LIB_DEPENDS=	libyaml.so:textproc/libyaml
 RUN_DEPENDS=	rubygem-stringio>=0:devel/rubygem-stringio
 
 USES=		gem
 
 .include <bsd.port.mk>
diff --git a/textproc/rubygem-psych/distinfo b/textproc/rubygem-psych/distinfo
index bf9fbc5078bf..8efe9ba53358 100644
--- a/textproc/rubygem-psych/distinfo
+++ b/textproc/rubygem-psych/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1664768172
-SHA256 (rubygem/psych-4.0.6.gem) = f70425c3dca8d8fbe4c1de7270d921e35eb6eb44cf2b2e4f961dc8031330b876
-SIZE (rubygem/psych-4.0.6.gem) = 93696
+TIMESTAMP = 1674590578
+SHA256 (rubygem/psych-5.0.1.gem) = 43264252cc33b8e626fb940cddc7379d00f7583500680da32c74a54bd9b000d0
+SIZE (rubygem/psych-5.0.1.gem) = 39936