Haas was the first American constructor to submit an F1 entry after the failed US F1 project in 2010. It is the first American constructor to compete since the unrelated Haas Lola outfit raced in the 1985 and 1986 seasons. Following the collapse of Marussia F1 during the 2014 season, Haas purchased their Banbury headquarters to serve as a forward base. Prior to the team’s official entry, Guenther Steiner developed a formal business plan detailing the operational and financial model for a prospective Formula 1 team. Haas approached Italian manufacturer Dallara to build their chassis, with a power unit supplied by Ferrari.
Romain Grosjean and Esteban Gutiérrez drove for the team in 2016. In the team's debut at the opening Australian Grand Prix, Grosjean finished 6th, scoring eight points. This made Haas the first American constructor to win points in its first F1 race. Grosjean picked up all 29 points en route to 8th in the Constructors' Championship.
Kevin Magnussen drove alongside Grosjean in 2017, replacing Gutiérrez. The team scored its best-ever qualifying effort in the first race of the season, with Grosjean piloting the VF-17 to 6th place. Haas had their first double points finish in Monaco, with Grosjean and Magnussen finishing 8th and 10th respectively. The team finished 8th in the constructors' title for the second consecutive year.
Haas unveiled their new car, the VF-18, in February 2018. Following a strong showing during winter testing, Haas had a competitive weekend in Australia. At the Singapore Grand Prix, Magnussen scored Haas' first-ever fastest lap. 2018 was their best season to date, finishing fifth in the Constructors' Championship.
The team retained their 2018 driver line up for the third consecutive year, consisting of Grosjean and Magnussen. The team also took on Rich Energy as a title sponsor and competed as Rich Energy Haas F1 Team. The VF-19 often showed impressive pace during qualifying but struggled during the race. Haas finished the season in 9th place in the Constructor's Championship with 28 points.
Haas once again kept an unchanged lineup of Grosjean and Magnussen for the 2020 season. On the opening lap of the Bahrain Grand Prix, Grosjean collided with AlphaTauri driver Daniil Kvyat and crashed. Grosjean escaped significant injury but was ruled out for the rest of the season, with reserve driver Pietro Fittipaldi driving in his place. The team finished 9th in the Constructor's Championship.
Grosjean and Magnussen left Haas at the end of the 2020 Championship. They were replaced by Nikita Mazepin and Mick Schumacher. To survive financially, the team opted to halt the development of the 2021 car, focusing resources on the 2022 car. They secured Uralkali as the title sponsor and competed as Uralkali Haas F1 Team. Haas finished 10th in the Constructor's Championship scoring 0 points.
Following the Russian invasion of Ukraine, Haas removed the branding of Russian sponsor Uralkali and terminated its title sponsorship deal and driver contract with Mazepin. Kevin Magnussen was announced as his replacement. Haas' decision to focus on building the VF-22 throughout the 2021 season resulted in the car proving to be competitive. The team took their maiden pole position at the 2022 São Paulo Grand Prix, with Magnussen out-qualifying the field. Mick Schumacher departed from Haas at the end of the season.
Haas signed a title sponsorship deal with MoneyGram for the 2023 season onwards and competed as MoneyGram Haas F1 Team. Nico Hülkenberg's Formula One return was announced, partnering Magnussen for the 2023 season. Pietro Fittipaldi remained as the team's official test and reserve driver. Haas finished the season 10th in the Constructor's Championship with 12 points.
In August 2023, Haas announced that its 2023 driver line-up of Hülkenberg and Magnussen would be retained for the 2024 season. Team principal Guenther Steiner's contract was not renewed, with the position being filled by engineer Ayao Komatsu. Magnussen received a one race ban, and reserve driver Oliver Bearman replaced him for the Azerbaijan Grand Prix. Haas finished the season in seventh place, scoring 58 points.
Hülkenberg and Magnussen departed the team after the 2024 season. Oliver Bearman replaced Hülkenberg, and Esteban Ocon replaced Magnussen. At the second race in China, both drivers were able to score points. Haas finished the season with 79 points, dropping to eighth place in the Constructors' Championship.
Haas retained Ocon and Bearman for the 2026 season, and signed former Alpine driver Jack Doohan as a reserve driver. In December 2025, Haas terminated their sponsorship agreement with MoneyGram to pursue a title sponsorship with technical partner Toyota Gazoo Racing to compete as TGR Haas F1 Team.
Haas' approach of establishing a far-reaching partnership with Ferrari was met with a mixed response. The constructor was applauded for pioneering a low-cost model. Conversely, Haas' approach was criticized by smaller privateer teams. Haas depended on Ferrari for their reserve drivers. They have completed numerous practice sessions with Ferrari reserve drivers and Ferrari Driver Academy members.
In October 2024, Haas announced a technical partnership with Toyota. This would see the team integrate the services of Toyota Gazoo Racing. The agreement also marked the Toyota name returning to the sport for the first time in 15 years. In December 2025, Haas signed TGR as a title sponsor for the 2026 season onwards.
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