diff --git a/Doxygen b/Doxygen
index f0f072752..099e56751 100644
--- a/Doxygen
+++ b/Doxygen
@@ -38,7 +38,7 @@ PROJECT_NAME           = "ESPHome"
 # could be handy for archiving the generated documentation or if some version
 # control system is used.
 
-PROJECT_NUMBER         = 2025.2.0
+PROJECT_NUMBER         = 2025.2.1
 
 # Using the PROJECT_BRIEF tag one can provide an optional one line description
 # for a project that appears at the top of each page and should give viewer a
diff --git a/Makefile b/Makefile
index a10e746a2..2fbed8c84 100644
--- a/Makefile
+++ b/Makefile
@@ -1,5 +1,5 @@
 ESPHOME_PATH = ../esphome
-ESPHOME_REF = 2025.2.0
+ESPHOME_REF = 2025.2.1
 PAGEFIND_VERSION=1.1.1
 PAGEFIND=pagefind
 NET_PAGEFIND=../pagefindbin/pagefind
diff --git a/_static/version b/_static/version
index 518552338..2055d5d0d 100644
--- a/_static/version
+++ b/_static/version
@@ -1 +1 @@
-2025.2.0
\ No newline at end of file
+2025.2.1
\ No newline at end of file
diff --git a/changelog/2025.2.0.rst b/changelog/2025.2.0.rst
index cfb819027..a91f5308d 100644
--- a/changelog/2025.2.0.rst
+++ b/changelog/2025.2.0.rst
@@ -127,6 +127,15 @@ The symptoms caused by these changes are likely to be a blank screen or a screen
 the runtime logs for any errors or warnings that may indicate the cause of the issue, specifically memory allocation
 failures.
 
+Release 2025.2.1 - February 26
+------------------------------
+
+- Bump aioesphomeapi to 29.1.1 :esphomepr:`8274` by :ghuser:`bdraco`
+- Fix BLE max notifications with ESP-IDF 5.x :esphomepr:`8301` by :ghuser:`bdraco`
+- Update webserver local assets to 20250224-195901 :esphomepr:`8312` by :ghuser:`esphomebot`
+- Fix bluetooth race when disconnect called while still connecting :esphomepr:`8297` by :ghuser:`bdraco`
+- [esp32_touch] Fix variants, add tests for variants :esphomepr:`8320` by :ghuser:`kbx81`
+
 Full list of changes
 --------------------
 
diff --git a/conf.py b/conf.py
index 771309d4c..2cc239fcb 100644
--- a/conf.py
+++ b/conf.py
@@ -74,7 +74,7 @@ author = "ESPHome"
 # The short X.Y version.
 version = "2025.2"
 # The full version, including alpha/beta/rc tags.
-release = "2025.2.0"
+release = "2025.2.1"
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.
diff --git a/guides/supporters.rst b/guides/supporters.rst
index 147ac9711..d64010f4b 100644
--- a/guides/supporters.rst
+++ b/guides/supporters.rst
@@ -125,6 +125,7 @@ Contributors
 - `andyboeh (@andyboeh) <https://github.com/andyboeh>`__
 - `Andy Barcinski (@andynumber2) <https://github.com/andynumber2>`__
 - `AndyRPH (@AndyRPH) <https://github.com/AndyRPH>`__
+- `Andy Warburton (@andywarburton) <https://github.com/andywarburton>`__
 - `anekinloewe (@anekinloewe) <https://github.com/anekinloewe>`__
 - `Vegetto (@angelnu) <https://github.com/angelnu>`__
 - `Sergey Anisimov (@anisimovsergey) <https://github.com/anisimovsergey>`__
@@ -163,6 +164,7 @@ Contributors
 - `Pavel Pletenev (@ASMfreaK) <https://github.com/ASMfreaK>`__
 - `Andreas Soehlke (@asoehlke) <https://github.com/asoehlke>`__
 - `Aaron Solochek (@asolochek) <https://github.com/asolochek>`__
+- `ASTRALiENS (@astraliens) <https://github.com/astraliens>`__
 - `Mike Dunston (@atanisoft) <https://github.com/atanisoft>`__
 - `Glenn Morrison (@atomicpapa) <https://github.com/atomicpapa>`__
 - `Alexander Turlov (@aturlov) <https://github.com/aturlov>`__
@@ -272,6 +274,7 @@ Contributors
 - `Brent Rubell (@brentru) <https://github.com/brentru>`__
 - `Jens Bretschneider (@breti) <https://github.com/breti>`__
 - `Brett Profitt (@brettp) <https://github.com/brettp>`__
+- `Brian Whicheloe (@briancw) <https://github.com/briancw>`__
 - `briangunderson (@briangunderson) <https://github.com/briangunderson>`__
 - `Brian Hanifin (@brianhanifin) <https://github.com/brianhanifin>`__
 - `brianrjones69 (@brianrjones69) <https://github.com/brianrjones69>`__
@@ -546,6 +549,7 @@ Contributors
 - `Dmitry Savinkin (@dsavinkin) <https://github.com/dsavinkin>`__
 - `Dmitrii Shcherbakov (@dshcherb) <https://github.com/dshcherb>`__
 - `Dan Slatford (@dslatford) <https://github.com/dslatford>`__
+- `David Luo (@dsluo) <https://github.com/dsluo>`__
 - `Daniel Müller (@dtmuller) <https://github.com/dtmuller>`__
 - `Tom Soer (@dtx3k) <https://github.com/dtx3k>`__
 - `dubit0 (@dubit0) <https://github.com/dubit0>`__
@@ -988,6 +992,7 @@ Contributors
 - `jsuanet (@jsuanet) <https://github.com/jsuanet>`__
 - `James Szalay (@jtszalay) <https://github.com/jtszalay>`__
 - `Jules-R (@Jules-R) <https://github.com/Jules-R>`__
+- `Jules Kerssemakers (@juleskers) <https://github.com/juleskers>`__
 - `Julian Stremel (@JulianStremel) <https://github.com/JulianStremel>`__
 - `Julie Koubová (@juliekoubova) <https://github.com/juliekoubova>`__
 - `junkie1969 (@junkie1969) <https://github.com/junkie1969>`__
@@ -1132,6 +1137,7 @@ Contributors
 - `Barry Loong (@loongyh) <https://github.com/loongyh>`__
 - `Michael Bisbjerg (@LordMike) <https://github.com/LordMike>`__
 - `lorenzspenger (@lorenzspenger) <https://github.com/lorenzspenger>`__
+- `Leonid Lunin (@lrlunin) <https://github.com/lrlunin>`__
 - `luar123 (@luar123) <https://github.com/luar123>`__
 - `LuBeDa (@lubeda) <https://github.com/lubeda>`__
 - `Lukáš Maňas (@LucasCZE) <https://github.com/LucasCZE>`__
@@ -1300,6 +1306,7 @@ Contributors
 - `Marcel Karger (@mkar1984) <https://github.com/mkar1984>`__
 - `mknjc (@mknjc) <https://github.com/mknjc>`__
 - `Matthew Kosmoski (@mkosmo) <https://github.com/mkosmo>`__
+- `Marek Lewandowski (@mlewand) <https://github.com/mlewand>`__
 - `Maurice Makaay (@mmakaay) <https://github.com/mmakaay>`__
 - `mmanza (@mmanza) <https://github.com/mmanza>`__
 - `mnaz (@mnaz) <https://github.com/mnaz>`__
@@ -1665,6 +1672,7 @@ Contributors
 - `Ruben van Dijk (@RubenNL) <https://github.com/RubenNL>`__
 - `RubyBailey (@RubyBailey) <https://github.com/RubyBailey>`__
 - `rudgr (@rudgr) <https://github.com/rudgr>`__
+- `RunningDroid (@RunningDroid) <https://github.com/RunningDroid>`__
 - `Rus Ti (@Rusti-gotrage) <https://github.com/Rusti-gotrage>`__
 - `Ramil Valitov (@rvalitov) <https://github.com/rvalitov>`__
 - `Roberto Wagner (@rwagnervm) <https://github.com/rwagnervm>`__
@@ -2082,4 +2090,4 @@ Contributors
 - `Christian Zufferey (@zuzu59) <https://github.com/zuzu59>`__
 - `Zynth-dev (@Zynth-dev) <https://github.com/Zynth-dev>`__
 
-*This page was last updated February 19, 2025.*
+*This page was last updated February 26, 2025.*