diff --git a/clients/ruby/CHANGELOG.md b/clients/ruby/CHANGELOG.md
index b2236c67..0520fa87 100644
--- a/clients/ruby/CHANGELOG.md
+++ b/clients/ruby/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [4.27.0](https://github.com/phrase/strings-openapi/compare/ruby-v4.26.0...ruby-v4.27.0) (2026-08-31)
+
+
+### Features
+
+* **API:** document tm_ids and term_base_ids params on projects API ([#1244](https://github.com/phrase/strings-openapi/issues/1244)) ([c8a2eea](https://github.com/phrase/strings-openapi/commit/c8a2eeab870236e46a8f87770c5499f0d6ffd2ca))
+
 ## [4.26.0](https://github.com/phrase/strings-openapi/compare/ruby-v4.25.0...ruby-v4.26.0) (2026-08-03)
 
 
diff --git a/openapi-generator/ruby_lang.yaml b/openapi-generator/ruby_lang.yaml
index d892b8c5..16b0175d 100644
--- a/openapi-generator/ruby_lang.yaml
+++ b/openapi-generator/ruby_lang.yaml
@@ -3,7 +3,7 @@ generatorName: ruby
 outputDir: clients/ruby
 moduleName: Phrase
 gemName: phrase
-gemVersion: 4.26.0
+gemVersion: 4.27.0
 gemDescription: Phrase Strings is a translation management platform for software projects.
 gemSummary: >-
   You can collaborate on language file translation with your team or order
diff --git a/release-please/manifest-ruby.json b/release-please/manifest-ruby.json
index f3ab3a80..81e5e657 100644
--- a/release-please/manifest-ruby.json
+++ b/release-please/manifest-ruby.json
@@ -1,3 +1,3 @@
 {
-  ".": "4.26.0"
+  ".": "4.27.0"
 }
\ No newline at end of file