diff --git a/compiler/CHANGELOG.md b/compiler/CHANGELOG.md
new file mode 100644
index 0000000000000..022d066b2202f
--- /dev/null
+++ b/compiler/CHANGELOG.md
@@ -0,0 +1,59 @@
+## 19.1.0-rc.1 (April 21, 2025)
+
+## eslint-plugin-react-hooks
+* Temporarily disable ref access in render validation [#32839](https://github.com/facebook/react/pull/32839) by [@poteto](https://github.com/poteto)
+* Fix type error with recommended config [#32666](https://github.com/facebook/react/pull/32666) by [@niklasholm](https://github.com/niklasholm)
+* Merge rule from eslint-plugin-react-compiler into `react-hooks` plugin [#32416](https://github.com/facebook/react/pull/32416) by [@michaelfaith](https://github.com/michaelfaith)
+* Add dev dependencies for typescript migration [#32279](https://github.com/facebook/react/pull/32279) by [@michaelfaith](https://github.com/michaelfaith)
+* Support v9 context api [#32045](https://github.com/facebook/react/pull/32045) by [@michaelfaith](https://github.com/michaelfaith)
+* Support eslint 8+ flat plugin syntax out of the box for eslint-plugin-react-compiler [#32120](https://github.com/facebook/react/pull/32120) by [@orta](https://github.com/orta)
+
+## babel-plugin-react-compiler
+* Support satisfies operator [#32742](https://github.com/facebook/react/pull/32742) by [@rodrigofariow](https://github.com/rodrigofariow)
+* Fix inferEffectDependencies lint false positives [#32769](https://github.com/facebook/react/pull/32769) by [@mofeiZ](https://github.com/mofeiZ)
+* Fix hoisting of let declarations [#32724](https://github.com/facebook/react/pull/32724) by [@mofeiZ](https://github.com/mofeiZ)
+* Avoid failing builds when import specifiers conflict or shadow vars [#32663](https://github.com/facebook/react/pull/32663) by [@mofeiZ](https://github.com/mofeiZ)
+* Optimize components declared with arrow function and implicit return and `compilationMode: 'infer'` [#31792](https://github.com/facebook/react/pull/31792) by [@dimaMachina](https://github.com/dimaMachina)
+* Validate static components [#32683](https://github.com/facebook/react/pull/32683) by [@josephsavona](https://github.com/josephsavona)
+* Hoist dependencies from functions more conservatively [#32616](https://github.com/facebook/react/pull/32616) by [@mofeiZ](https://github.com/mofeiZ)
+* Implement NumericLiteral as ObjectPropertyKey [#31791](https://github.com/facebook/react/pull/31791) by [@dimaMachina](https://github.com/dimaMachina)
+* Avoid bailouts when inserting gating [#32598](https://github.com/facebook/react/pull/32598) by [@mofeiZ](https://github.com/mofeiZ)
+* Stop bailing out early for hoisted gated functions [#32597](https://github.com/facebook/react/pull/32597) by [@mofeiZ](https://github.com/mofeiZ)
+* Add shape for Array.from [#32522](https://github.com/facebook/react/pull/32522) by [@mofeiZ](https://github.com/mofeiZ)
+* Patch array and argument spread mutability [#32521](https://github.com/facebook/react/pull/32521) by [@mofeiZ](https://github.com/mofeiZ)
+* Make CompilerError compatible with reflection [#32539](https://github.com/facebook/react/pull/32539) by [@poteto](https://github.com/poteto)
+* Add simple walltime measurement [#32331](https://github.com/facebook/react/pull/32331) by [@poteto](https://github.com/poteto)
+* Improve error messages for unhandled terminal and instruction kinds [#32324](https://github.com/facebook/react/pull/32324) by [@inottn](https://github.com/inottn)
+* Handle TSInstantiationExpression in lowerExpression [#32302](https://github.com/facebook/react/pull/32302) by [@inottn](https://github.com/inottn)
+* Fix invalid Array.map type [#32095](https://github.com/facebook/react/pull/32095) by [@mofeiZ](https://github.com/mofeiZ)
+* Patch for JSX escape sequences in @babel/generator [#32131](https://github.com/facebook/react/pull/32131) by [@mofeiZ](https://github.com/mofeiZ)
+* `JSXText` emits incorrect with bracket [#32138](https://github.com/facebook/react/pull/32138) by [@himself65](https://github.com/himself65)
+* Validation against calling impure functions [#31960](https://github.com/facebook/react/pull/31960) by [@josephsavona](https://github.com/josephsavona)
+* Always target node [#32091](https://github.com/facebook/react/pull/32091) by [@poteto](https://github.com/poteto)
+* Patch compilationMode:infer object method edge case [#32055](https://github.com/facebook/react/pull/32055) by [@mofeiZ](https://github.com/mofeiZ)
+* Generate ts defs [#31994](https://github.com/facebook/react/pull/31994) by [@poteto](https://github.com/poteto)
+* Relax react peer dep requirement [#31915](https://github.com/facebook/react/pull/31915) by [@poteto](https://github.com/poteto)
+* Allow type cast expressions with refs [#31871](https://github.com/facebook/react/pull/31871) by [@josephsavona](https://github.com/josephsavona)
+* Add shape for global Object.keys [#31583](https://github.com/facebook/react/pull/31583) by [@mofeiZ](https://github.com/mofeiZ)
+* Optimize method calls w props receiver [#31775](https://github.com/facebook/react/pull/31775) by [@josephsavona](https://github.com/josephsavona)
+* Fix dropped ref with spread props in InlineJsxTransform [#31726](https://github.com/facebook/react/pull/31726) by [@jackpope](https://github.com/jackpope)
+* Support for non-declatation for in/of iterators [#31710](https://github.com/facebook/react/pull/31710) by [@mvitousek](https://github.com/mvitousek)
+* Support for context variable loop iterators [#31709](https://github.com/facebook/react/pull/31709) by [@mvitousek](https://github.com/mvitousek)
+* Replace deprecated dependency in `eslint-plugin-react-compiler` [#31629](https://github.com/facebook/react/pull/31629) by [@rakleed](https://github.com/rakleed)
+* Support enableRefAsProp in jsx transform [#31558](https://github.com/facebook/react/pull/31558) by [@jackpope](https://github.com/jackpope)
+* Fix: ref.current now correctly reactive [#31521](https://github.com/facebook/react/pull/31521) by [@mofeiZ](https://github.com/mofeiZ)
+* Outline JSX with non-jsx children [#31442](https://github.com/facebook/react/pull/31442) by [@gsathya](https://github.com/gsathya)
+* Outline jsx with duplicate attributes [#31441](https://github.com/facebook/react/pull/31441) by [@gsathya](https://github.com/gsathya)
+* Store original and new prop names [#31440](https://github.com/facebook/react/pull/31440) by [@gsathya](https://github.com/gsathya)
+* Stabilize compiler output: sort deps and decls by name [#31362](https://github.com/facebook/react/pull/31362) by [@mofeiZ](https://github.com/mofeiZ)
+* Bugfix for hoistable deps for nested functions [#31345](https://github.com/facebook/react/pull/31345) by [@mofeiZ](https://github.com/mofeiZ)
+* Remove compiler runtime-compat fixture library [#31430](https://github.com/facebook/react/pull/31430) by [@poteto](https://github.com/poteto)
+* Wrap inline jsx transform codegen in conditional [#31267](https://github.com/facebook/react/pull/31267) by [@jackpope](https://github.com/jackpope)
+* Check if local identifier is a hook when resolving globals [#31384](https://github.com/facebook/react/pull/31384) by [@poteto](https://github.com/poteto)
+* Handle member expr as computed property [#31344](https://github.com/facebook/react/pull/31344) by [@gsathya](https://github.com/gsathya)
+* Fix to ref access check to ban ref?.current [#31360](https://github.com/facebook/react/pull/31360) by [@mvitousek](https://github.com/mvitousek)
+* InlineJSXTransform transforms jsx inside function expressions [#31282](https://github.com/facebook/react/pull/31282) by [@josephsavona](https://github.com/josephsavona)
+
+## Other
+* Add shebang to banner [#32225](https://github.com/facebook/react/pull/32225) by [@Jeremy-Hibiki](https://github.com/Jeremy-Hibiki)
+* remove terser from react-compiler-runtime build [#31326](https://github.com/facebook/react/pull/31326) by [@henryqdineen](https://github.com/henryqdineen)