diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 592b0e152..cb8c32fee 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "1.32.0"
+  ".": "1.32.1"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index a1cf23b6a..e7807749b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,23 @@
 # Changelog
 
+## [1.32.1](https://github.com/googleapis/google-auth-library-java/compare/v1.32.0...v1.32.1) (2025-02-07)
+
+
+### Bug Fixes
+
+* Add cab-token-generator module to Auth BOM ([#1662](https://github.com/googleapis/google-auth-library-java/issues/1662)) ([e409b02](https://github.com/googleapis/google-auth-library-java/commit/e409b02b124619ffd6af95890c6ce340b204554a))
+* Remove unnecessary nexus-staging-maven-plugin activation ([#1665](https://github.com/googleapis/google-auth-library-java/issues/1665)) ([d138023](https://github.com/googleapis/google-auth-library-java/commit/d138023aae55abb7b36d2bef6b21cd00a2ec4511))
+
+
+### Dependencies
+
+* Update dependency com.google.http-client:google-http-client-bom to v1.46.0 ([e53c441](https://github.com/googleapis/google-auth-library-java/commit/e53c4415f472594f56c53e92d302f745b96c4fba))
+
+
+### Documentation
+
+* Update README with client-side CAB instructions ([#1607](https://github.com/googleapis/google-auth-library-java/issues/1607)) ([#1666](https://github.com/googleapis/google-auth-library-java/issues/1666)) ([2996297](https://github.com/googleapis/google-auth-library-java/commit/2996297f54823c43a2bb7c96a634013a79be6fd4))
+
 ## [1.32.0](https://github.com/googleapis/google-auth-library-java/compare/v1.31.0...v1.32.0) (2025-02-04)
 
 
diff --git a/appengine/pom.xml b/appengine/pom.xml
index ee34088f8..348cfc66b 100644
--- a/appengine/pom.xml
+++ b/appengine/pom.xml
@@ -5,7 +5,7 @@
   <parent>
     <groupId>com.google.auth</groupId>
     <artifactId>google-auth-library-parent</artifactId>
-    <version>1.32.1-SNAPSHOT</version><!-- {x-version-update:google-auth-library-parent:current} -->
+    <version>1.32.1</version><!-- {x-version-update:google-auth-library-parent:current} -->
     <relativePath>../pom.xml</relativePath>
   </parent>
 
diff --git a/bom/pom.xml b/bom/pom.xml
index 5af4b9414..d8dc03ede 100644
--- a/bom/pom.xml
+++ b/bom/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.auth</groupId>
   <artifactId>google-auth-library-bom</artifactId>
-  <version>1.32.1-SNAPSHOT</version><!-- {x-version-update:google-auth-library-bom:current} -->
+  <version>1.32.1</version><!-- {x-version-update:google-auth-library-bom:current} -->
   <packaging>pom</packaging>
   <name>Google Auth Library for Java BOM</name>
   <description>
diff --git a/cab-token-generator/pom.xml b/cab-token-generator/pom.xml
index c47686a5d..aec572687 100644
--- a/cab-token-generator/pom.xml
+++ b/cab-token-generator/pom.xml
@@ -6,7 +6,7 @@
   <parent>
     <groupId>com.google.auth</groupId>
     <artifactId>google-auth-library-parent</artifactId>
-    <version>1.32.1-SNAPSHOT</version><!-- {x-version-update:google-auth-library-parent:current} -->
+    <version>1.32.1</version><!-- {x-version-update:google-auth-library-parent:current} -->
   </parent>
 
   <artifactId>google-auth-library-cab-token-generator</artifactId>
diff --git a/credentials/pom.xml b/credentials/pom.xml
index 363d72ffb..ae0535dd9 100644
--- a/credentials/pom.xml
+++ b/credentials/pom.xml
@@ -4,7 +4,7 @@
   <parent>
     <groupId>com.google.auth</groupId>
     <artifactId>google-auth-library-parent</artifactId>
-    <version>1.32.1-SNAPSHOT</version><!-- {x-version-update:google-auth-library-parent:current} -->
+    <version>1.32.1</version><!-- {x-version-update:google-auth-library-parent:current} -->
     <relativePath>../pom.xml</relativePath>
   </parent>
 
diff --git a/oauth2_http/pom.xml b/oauth2_http/pom.xml
index 82bbd700c..056abab35 100644
--- a/oauth2_http/pom.xml
+++ b/oauth2_http/pom.xml
@@ -7,7 +7,7 @@
   <parent>
     <groupId>com.google.auth</groupId>
     <artifactId>google-auth-library-parent</artifactId>
-    <version>1.32.1-SNAPSHOT</version><!-- {x-version-update:google-auth-library-parent:current} -->
+    <version>1.32.1</version><!-- {x-version-update:google-auth-library-parent:current} -->
     <relativePath>../pom.xml</relativePath>
   </parent>
 
diff --git a/pom.xml b/pom.xml
index 75d1a0291..fc6203a50 100644
--- a/pom.xml
+++ b/pom.xml
@@ -5,7 +5,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.auth</groupId>
   <artifactId>google-auth-library-parent</artifactId>
-  <version>1.32.1-SNAPSHOT</version><!-- {x-version-update:google-auth-library-parent:current} -->
+  <version>1.32.1</version><!-- {x-version-update:google-auth-library-parent:current} -->
   <packaging>pom</packaging>
   <name>Google Auth Library for Java</name>
   <description>Client libraries providing authentication and
diff --git a/versions.txt b/versions.txt
index 33a9cff19..7f688a632 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,9 +1,9 @@
 # Format:
 # module:released-version:current-version
 
-google-auth-library:1.32.0:1.32.1-SNAPSHOT
-google-auth-library-bom:1.32.0:1.32.1-SNAPSHOT
-google-auth-library-parent:1.32.0:1.32.1-SNAPSHOT
-google-auth-library-appengine:1.32.0:1.32.1-SNAPSHOT
-google-auth-library-credentials:1.32.0:1.32.1-SNAPSHOT
-google-auth-library-oauth2-http:1.32.0:1.32.1-SNAPSHOT
+google-auth-library:1.32.1:1.32.1
+google-auth-library-bom:1.32.1:1.32.1
+google-auth-library-parent:1.32.1:1.32.1
+google-auth-library-appengine:1.32.1:1.32.1
+google-auth-library-credentials:1.32.1:1.32.1
+google-auth-library-oauth2-http:1.32.1:1.32.1