Haas Formula LLC, competing as MoneyGram Haas F1 Team, is an American-licensed Formula One racing team established by NASCAR Cup Series team co-owner Gene Haas in April 2014. The team originally intended to make its debut at the start of the 2015 season but later elected to postpone their entry until the 2016 season. The team principal is Ayao Komatsu, who replaced Guenther Steiner who served in the role from the team's inception until January 2024.

Formula One, commonly known as Formula 1 or F1, is the highest class of international racing for open-wheel single-seater formula racing cars sanctioned by the Fédération Internationale de l'Automobile (FIA). The FIA Formula One World Championship has been one of the world's premier forms of racing since its inaugural running in 1950. The word formula in the name refers to the set of rules all participants' cars must follow. A Formula One season consists of a series of races, known as Grands Prix. Grands Prix take place in multiple countries and continents on either purpose-built circuits or closed public roads.