diff --git a/packages/react-native-babel-preset/package.json b/packages/react-native-babel-preset/package.json
index 05d82837e96..2e6dbc5985c 100644
--- a/packages/react-native-babel-preset/package.json
+++ b/packages/react-native-babel-preset/package.json
@@ -55,7 +55,7 @@
     "@babel/template": "^7.0.0",
     "@react-native/babel-plugin-codegen": "*",
     "babel-plugin-transform-flow-enums": "^0.0.2",
-    "react-refresh": "^0.4.0"
+    "react-refresh": "^0.14.0"
   },
   "peerDependencies": {
     "@babel/core": "*"
diff --git a/packages/react-native/package.json b/packages/react-native/package.json
index 08535069733..036eee03600 100644
--- a/packages/react-native/package.json
+++ b/packages/react-native/package.json
@@ -120,7 +120,7 @@
     "pretty-format": "^26.5.2",
     "promise": "^8.3.0",
     "react-devtools-core": "^4.27.7",
-    "react-refresh": "^0.4.0",
+    "react-refresh": "^0.14.0",
     "react-shallow-renderer": "^16.15.0",
     "regenerator-runtime": "^0.13.2",
     "scheduler": "0.24.0-canary-efb381bbf-20230505",
diff --git a/yarn.lock b/yarn.lock
index d8de644eb33..4701347d6cd 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -8016,6 +8016,11 @@ react-is@^17.0.1:
   resolved "https://registry.yarnpkg.com/react-is/-/react-is-17.0.2.tgz#e691d4a8e9c789365655539ab372762b0efb54f0"
   integrity sha512-w2GsyukL62IJnlaff/nRegPQR94C/XXamvMWmSHRJ4y7Ts/4ocGRmTHvOs8PSE6pB3dWOrD/nueuU5sduBsQ4w==
 
+react-refresh@^0.14.0:
+  version "0.14.0"
+  resolved "https://registry.yarnpkg.com/react-refresh/-/react-refresh-0.14.0.tgz#4e02825378a5f227079554d4284889354e5f553e"
+  integrity sha512-wViHqhAd8OHeLS/IRMJjTSDHF3U9eWi62F/MledQGPdJGDhodXJ9PBLNGr6WWL7qlH12Mt3TyTpbS+hGXMjCzQ==
+
 react-refresh@^0.4.0:
   version "0.4.0"
   resolved "https://registry.yarnpkg.com/react-refresh/-/react-refresh-0.4.0.tgz#d421f9bd65e0e4b9822a399f14ac56bda9c92292"