diff --git a/android/app/build.gradle b/android/app/build.gradle
index 4491255e210e..af8b857a136c 100644
--- a/android/app/build.gradle
+++ b/android/app/build.gradle
@@ -152,8 +152,8 @@ android {
         minSdkVersion rootProject.ext.minSdkVersion
         targetSdkVersion rootProject.ext.targetSdkVersion
         multiDexEnabled rootProject.ext.multiDexEnabled
-        versionCode 1001014000
-        versionName "1.1.40-0"
+        versionCode 1001014001
+        versionName "1.1.40-1"
     }
     splits {
         abi {
diff --git a/ios/NewExpensify/Info.plist b/ios/NewExpensify/Info.plist
index 62faebbc0b09..751f770d6b46 100644
--- a/ios/NewExpensify/Info.plist
+++ b/ios/NewExpensify/Info.plist
@@ -31,7 +31,7 @@
 		</dict>
 	</array>
 	<key>CFBundleVersion</key>
-	<string>1.1.40.0</string>
+	<string>1.1.40.1</string>
 	<key>ITSAppUsesNonExemptEncryption</key>
 	<false/>
 	<key>LSApplicationQueriesSchemes</key>
diff --git a/ios/NewExpensifyTests/Info.plist b/ios/NewExpensifyTests/Info.plist
index 0f0f5e6358dc..3a2a527b9b2e 100644
--- a/ios/NewExpensifyTests/Info.plist
+++ b/ios/NewExpensifyTests/Info.plist
@@ -19,6 +19,6 @@
 	<key>CFBundleSignature</key>
 	<string>????</string>
 	<key>CFBundleVersion</key>
-	<string>1.1.40.0</string>
+	<string>1.1.40.1</string>
 </dict>
 </plist>
diff --git a/package-lock.json b/package-lock.json
index ae2230e61dc1..19bbc0603858 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,6 +1,6 @@
 {
   "name": "new.expensify",
-  "version": "1.1.40-0",
+  "version": "1.1.40-1",
   "lockfileVersion": 1,
   "requires": true,
   "dependencies": {
diff --git a/package.json b/package.json
index 59011c60f4dc..bb2510c4a4bb 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "new.expensify",
-  "version": "1.1.40-0",
+  "version": "1.1.40-1",
   "author": "Expensify, Inc.",
   "homepage": "https://new.expensify.com",
   "description": "New Expensify is the next generation of Expensify: a reimagination of payments based atop a foundation of chat.",
diff --git a/src/components/ImageWithSizeCalculation.js b/src/components/ImageWithSizeCalculation.js
index 003fb3247ef5..698da27c610e 100644
--- a/src/components/ImageWithSizeCalculation.js
+++ b/src/components/ImageWithSizeCalculation.js
@@ -1,10 +1,9 @@
 import React, {PureComponent} from 'react';
-import {Image, ActivityIndicator} from 'react-native';
+import {Image} from 'react-native';
 import PropTypes from 'prop-types';
 import Log from '../libs/Log';
 import styles from '../styles/styles';
 import makeCancellablePromise from '../libs/MakeCancellablePromise';
-import themeColors from '../styles/themes/default';
 
 const propTypes = {
     /** Url for image to display */
@@ -30,14 +29,6 @@ const defaultProps = {
  * it can be appropriately resized.
  */
 class ImageWithSizeCalculation extends PureComponent {
-    constructor(props) {
-        super(props);
-
-        this.state = {
-            isLoading: true,
-        };
-    }
-
     componentDidMount() {
         this.calculateImageSize();
     }
@@ -94,26 +85,15 @@ class ImageWithSizeCalculation extends PureComponent {
 
     render() {
         return (
-            <>
-                <Image
-                    style={[
-                        styles.w100,
-                        styles.h100,
-                        this.state.isLoading && styles.dNone,
-                        this.props.style,
-                    ]}
-                    source={{uri: this.props.url}}
-                    resizeMode="contain"
-                    onLoadEnd={() => this.setState({isLoading: false})}
-                />
-                {this.state.isLoading && (
-                    <ActivityIndicator
-                        size="large"
-                        style={[styles.flex1]}
-                        color={themeColors.textSupporting}
-                    />
-                )}
-            </>
+            <Image
+                style={[
+                    styles.w100,
+                    styles.h100,
+                    this.props.style,
+                ]}
+                source={{uri: this.props.url}}
+                resizeMode="contain"
+            />
         );
     }
 }