The team traces its roots to Minardi, which competed in Formula One from 1985 to 2005, before being bought by Red Bull in 2006 to become the junior team to Red Bull Racing. From 2006 to 2019, it competed as "Toro Rosso" and was known for housing future Red Bull talent, such as future four-time World Champion Sebastian Vettel, former Scuderia Ferrari driver and current Williams Racing) driver Carlos Sainz Jr., and four-time World Champion Max Verstappen. In addition, Toro Rosso had previously employed 2023–24 driver Daniel Ricciardo as part of its line-up in 2012 and 2013. For the 2020 Formula One World Championship, Toro Rosso was rebranded to "AlphaTauri" in order to promote Red Bull's AlphaTauri fashion brand. According to Franz Tost and Helmut Marko, the rebrand to Scuderia AlphaTauri also acknowledged that it had transitioned from Red Bull Racing's junior team to its sister team. This transition was not a complete shift, but rather an evolution of the team’s role within the Red Bull organization. The team was rebranded to Visa Cash App RB F1 Team for the 2024 season, shortened to the acronymised "VCARB". The new name was widely criticised by fans and the media, with Edd Straw of The Race calling it "the worst team name in Formula 1 history" and "an embarrassment to Red Bull and Formula 1 as a whole", arguing that the name "RB" lacks "personality, identity and ambition", could easily be confused with Red Bull Racing, and exists solely to force the sponsors to be mentioned more often. For the 2025 season, the team was entered as "Racing Bulls", discontinuing the usage of the "RB" initialism. The current CEO is Peter Bayer, and the team principal is Alan Permane.
The team has used power units designed by Honda since 2018, initially under the Scuderia Toro Rosso and then Scuderia AlphaTauri branding. For the 2024 and 2025 seasons, the team utilized Honda RBPT power units. From 2026 onwards, Racing Bulls, along with Red Bull Racing, will switch to Red Bull Ford Powertrains power units, marking Ford’s return to Formula One for the first time since 2004 and ending the eight-year alliance with Honda.
Throughout its history, the team has provided opportunities for numerous drivers. Notable drivers include Sebastian Vettel, Carlos Sainz Jr., and Max Verstappen, all of whom later raced for Red Bull Racing. Daniel Ricciardo also drove for the team in 2012 and 2013 before moving to Red Bull Racing. The 2024 season saw Daniel Ricciardo and Yuki Tsunoda as the initial driver pairing. Tsunoda bagged the team's first points in Australia, a season best P7, later matched in São Paulo and Miami. Also in Miami, Ricciardo secured a season best P4, though this was only a sprint race, and hence got just 5 points. Ricciardo was dropped after the 2024 Singapore Grand Prix and was replaced with Red Bull junior and reserve driver Liam Lawson. Lawson immediately impressed, scoring points with a P9 finish in USGP. For 2025, Lawson was promoted to the senior Red Bull team, with Formula 2 graduate Isack Hadjar taking his place at Racing Bulls. However, Lawson was subsequently dropped from the Red Bull team after two races and returned to Racing Bulls, with Tsunoda promoted to the senior team.
At the 2025 Dutch Grand Prix, Hadjar managed to finish P3, for the team's 6th ever podium in history, their first as Racing Bulls. The team secured its best-ever season result in 2025, finishing sixth in the Constructors' Championship with 92 points. This followed a 2024 campaign where they finished eighth with 46 points. During the Toro Rosso and AlphaTauri eras, the team achieved sporadic points finishes but never consistently challenged for podiums or championships.
Racing Bulls continues to operate as a Formula One constructor, competing in the 2026 season. The team is preparing for the transition to Red Bull Ford Powertrains power units.
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