The team traces its roots to Minardi, which competed in Formula One from 1985 to 2005. Red Bull purchased Minardi in 2006, renaming it Scuderia Toro Rosso as a junior team to Red Bull Racing. During the Toro Rosso era the team served as a development pipeline for future Red Bull talent, including four-time World Champion Sebastian Vettel, Carlos Sainz Jr., and four-time World Champion Max Verstappen. Daniel Ricciardo also drove for the team in 2012 and 2013.
For the 2020 season, Toro Rosso was rebranded as Scuderia AlphaTauri to promote Red Bull's AlphaTauri fashion brand. According to Franz Tost and Helmut Marko, the rebrand also acknowledged the team's transition from junior to sister-team status.
For the 2024 season, the team was renamed Visa Cash App RB F1 Team, shortened to VCARB. The new name was widely criticised; Edd Straw of The Race called 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 lacked personality, identity, and ambition, could be confused with Red Bull Racing, and existed solely to force sponsors into being mentioned more frequently. For 2025, the team adopted the name Racing Bulls, dropping the RB initialism.
Racing Bulls entered the 2024 Formula One season with drivers Ricciardo and Yuki Tsunoda, continuing to use Honda RBPT power units. Tsunoda scored the team's first points of the season with a seventh-place finish in Australia, a result he later matched in São Paulo and Miami. Ricciardo finished fourth in the Miami sprint race for five points, while Tsunoda finished eighth in the same sprint, giving the team their first double points finish of the year.
At the 2024 Chinese Grand Prix, both drivers retired: Kevin Magnussen of Haas crashed into Tsunoda, and Lance Stroll struck Ricciardo's rear diffuser. Ahead of the United States Grand Prix, Ricciardo was dropped and replaced by Red Bull reserve driver Liam Lawson. Lawson immediately scored points with a ninth-place finish at the USGP. In São Paulo, Tsunoda qualified third and finished seventh while Lawson added a ninth, delivering another double points finish. Racing Bulls finished eighth in the 2024 Constructors' Championship with 46 points.
Racing Bulls retained Tsunoda for 2025, with Lawson promoted to Oracle Red Bull Racing in place of the outgoing Sergio Pérez. Formula 2 graduate and Red Bull junior Isack Hadjar replaced Lawson. However, after two disappointing races with Red Bull, Lawson was returned to Racing Bulls with Tsunoda promoted to the senior team ahead of the Japanese Grand Prix. Hadjar scored his first points at that race.
Hadjar delivered a consistent run of points finishes, peaking with sixth in Monaco where Lawson's eighth gave the team their first double points of 2025. The team suffered a double DNF at the British Grand Prix through collisions with other drivers.
At the 2025 Dutch Grand Prix, Hadjar finished third — the team's sixth podium in their history and their first as Racing Bulls — and the last using Honda RBPT power units. Lawson qualified third at the Azerbaijan Grand Prix and converted that to fifth. Further strong results and double-points finishes followed in Las Vegas and São Paulo. Racing Bulls ended 2025 sixth in the Constructors' Championship with 92 points, their best season to date.
For 2026, Racing Bulls and Red Bull Racing switched to Red Bull Ford Powertrains power units, ending an eight-year partnership with Honda. Isack Hadjar was promoted to the main Red Bull team, with his seat taken by Arvid Lindblad following a strong Formula 2 campaign. At the 2026 Australian Grand Prix, Lindblad finished eighth for four points while Lawson was held back by a turbo issue. Lawson then finished seventh in both the sprint and main race in China, with further points following in Japan. The Bahrain and Saudi Grands Prix for 2026 were cancelled due to international conflict.
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