diff --git a/VERSION b/VERSION
index 589268e6f..3e1ad720b 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.3.0
\ No newline at end of file
+1.5.0
\ No newline at end of file
diff --git a/bundle/manifests/observability-operator.clusterserviceversion.yaml b/bundle/manifests/observability-operator.clusterserviceversion.yaml
index cd6831d02..c5e6ad7cc 100644
--- a/bundle/manifests/observability-operator.clusterserviceversion.yaml
+++ b/bundle/manifests/observability-operator.clusterserviceversion.yaml
@@ -42,8 +42,8 @@ metadata:
     categories: Monitoring, Observability
     certified: "false"
     console.openshift.io/operator-monitoring-default: "true"
-    containerImage: observability-operator:1.3.0
-    createdAt: "2026-05-18T17:17:51Z"
+    containerImage: observability-operator:1.5.0
+    createdAt: "2026-05-19T15:52:29Z"
     description: A Go based Kubernetes operator to setup and manage highly available
       Monitoring Stack using Prometheus, Alertmanager and Thanos Querier.
     operatorframework.io/cluster-monitoring: "true"
@@ -59,7 +59,7 @@ metadata:
       ]
     operators.operatorframework.io/project_layout: unknown
     repository: https://github.com/rhobs/observability-operator
-  name: observability-operator.v1.3.0
+  name: observability-operator.v1.5.0
   namespace: placeholder
 spec:
   apiservicedefinitions: {}
@@ -1095,13 +1095,12 @@ spec:
               containers:
               - args:
                 - --namespace=$(NAMESPACE)
-                - --images=perses=quay.io/openshift-observability-ui/perses:v0.53.0-go-1.25
                 env:
                 - name: NAMESPACE
                   valueFrom:
                     fieldRef:
                       fieldPath: metadata.namespace
-                image: observability-operator:1.3.0
+                image: observability-operator:1.5.0
                 imagePullPolicy: Always
                 livenessProbe:
                   httpGet:
@@ -1241,7 +1240,7 @@ spec:
   maturity: alpha
   provider:
     name: Red Hat
-  version: 1.3.0
+  version: 1.5.0
   webhookdefinitions:
   - admissionReviewVersions:
     - v1
diff --git a/deploy/olm/kustomization.yaml b/deploy/olm/kustomization.yaml
index 4d990fbd6..11b87bba4 100644
--- a/deploy/olm/kustomization.yaml
+++ b/deploy/olm/kustomization.yaml
@@ -13,7 +13,7 @@ resources:
 images:
 - name: observability-operator
   newName: observability-operator
-  newTag: 1.3.0
+  newTag: 1.5.0
 
 patches:
 - patch: |-
diff --git a/deploy/operator/kustomization.yaml b/deploy/operator/kustomization.yaml
index b69220125..140585b8f 100644
--- a/deploy/operator/kustomization.yaml
+++ b/deploy/operator/kustomization.yaml
@@ -12,13 +12,3 @@ images:
   newName: observability-operator
   newTag: 0.0.29
 namespace: operators
-
-patches:
-- patch: |-
-    - op: add
-      path: /spec/template/spec/containers/0/args/-
-      value: --images=perses=quay.io/openshift-observability-ui/perses:v0.53.0-go-1.25
-  target:
-    group: apps
-    kind: Deployment
-    version: v1
diff --git a/deploy/package-operator/operator/kustomization.yaml b/deploy/package-operator/operator/kustomization.yaml
index a7607e393..e43dc1a8a 100644
--- a/deploy/package-operator/operator/kustomization.yaml
+++ b/deploy/package-operator/operator/kustomization.yaml
@@ -4,7 +4,7 @@ namespace: observability-operator
 images:
 - name: observability-operator
   newName: observability-operator
-  newTag: 1.3.0
+  newTag: 1.5.0
 commonAnnotations:
   package-operator.run/phase: operator
 resources: