diff --git a/nexus/db-model/src/schema_versions.rs b/nexus/db-model/src/schema_versions.rs
index b598288c4d..4e0e9cb233 100644
--- a/nexus/db-model/src/schema_versions.rs
+++ b/nexus/db-model/src/schema_versions.rs
@@ -17,7 +17,7 @@ use std::collections::BTreeMap;
 ///
 /// This must be updated when you change the database schema.  Refer to
 /// schema/crdb/README.adoc in the root of this repository for details.
-pub const SCHEMA_VERSION: SemverVersion = SemverVersion::new(71, 0, 0);
+pub const SCHEMA_VERSION: SemverVersion = SemverVersion::new(72, 0, 0);
 
 /// List of all past database schema versions, in *reverse* order
 ///
@@ -29,6 +29,7 @@ static KNOWN_VERSIONS: Lazy<Vec<KnownVersion>> = Lazy::new(|| {
         // |  leaving the first copy as an example for the next person.
         // v
         // KnownVersion::new(next_int, "unique-dirname-with-the-sql-files"),
+        KnownVersion::new(72, "fix-provisioning-counters"),
         KnownVersion::new(71, "add-saga-unwound-vmm-state"),
         KnownVersion::new(70, "separate-instance-and-vmm-states"),
         KnownVersion::new(69, "expose-stage0"),
diff --git a/schema/crdb/dbinit.sql b/schema/crdb/dbinit.sql
index 9dfad4f393..b0774817f0 100644
--- a/schema/crdb/dbinit.sql
+++ b/schema/crdb/dbinit.sql
@@ -4076,7 +4076,7 @@ INSERT INTO omicron.public.db_metadata (
     version,
     target_version
 ) VALUES
-    (TRUE, NOW(), NOW(), '71.0.0', NULL)
+    (TRUE, NOW(), NOW(), '72.0.0', NULL)
 ON CONFLICT DO NOTHING;
 
 COMMIT;
diff --git a/schema/crdb/fix-provisioning-counters/up.sql b/schema/crdb/fix-provisioning-counters/up.sql
new file mode 100644
index 0000000000..b49b91b2ce
--- /dev/null
+++ b/schema/crdb/fix-provisioning-counters/up.sql
@@ -0,0 +1,29 @@
+-- This change fixes provisioning counters, alongside the
+-- underflow fix provided in https://github.com/oxidecomputer/omicron/pull/5830.
+-- Although this underflow has been fixed, it could have resulted
+-- in invalid accounting, which is mitigated by this schema change.
+--
+-- This update is currently occurring offline, so we exploit
+-- that fact to identify that all instances *should* be terminated
+-- before racks are updated. If they aren't, and an instance is in the
+-- "running" state when an update occurs, the propolis zone would be
+-- terminated, while the running database record remains. In this case,
+-- the only action we could take on the VMM would be to delete it,
+-- which would attempt to delete the "vritual provisioning resource"
+-- record anyway. This case is already idempotent, and would be a safe
+-- operation even if the "virtual_provisioning_resource" has already
+-- been removed.
+
+SET LOCAL disallow_full_table_scans = OFF;
+
+-- First, ensure that no instance records exist.
+DELETE FROM omicron.public.virtual_provisioning_resource
+WHERE resource_type='instance';
+
+-- Next, update the collections to identify that there
+-- are no instances running.
+UPDATE omicron.public.virtual_provisioning_collection
+SET
+    cpus_provisioned = 0,
+    ram_provisioned = 0;
+