F1 / NEWS & CONTEXT

Cadillac F1 company recorded £121.9m loss before debut

The British company behind Cadillac’s F1 entry lost £121.9 million in 2025, when it was building a team but had yet to race.

GPBeat · Newsroom01 Oct 2026, 13:22 · 1 min

RacingNews365 reports that TWG Cadillac Formula 1 Team Limited, the British company operating Cadillac’s F1 team, recorded an after-tax loss of £121.9 million for 2025. Its headcount rose from 88 at the end of 2024 to 307 at the end of 2025.

The loss needs context: Cadillac was preparing for its 2026 debut and did not race in 2025, so it could not receive constructors’ championship prize money. RacingNews365 says its commercial turnover was also insufficient to cover its costs. The figure is therefore not directly comparable with the results of teams that competed that year.

Director Dan Towriss said TWG Cadillac Formula 1 Team LLC would provide funding if needed to meet outstanding liabilities. He cited binding investor commitments and said he did not expect that support to be needed.

Sources 01

SOURCECadillac £121 million financial loss comes with huge F1 caveatRacingNews365 English · Source date as found: 2026-10-01

Source context

RacingNews365 reported the figures from the British operating company’s 2025 accounts, covering the year before Cadillac’s F1 debut.

Claims and supporting evidence 5

RacingNews365 reports that TWG Cadillac Formula 1 Team Limited recorded a £121.9 million loss after tax for 2025, the year before Cadillac’s 2026 F1 debut. The headline’s £121 million is less precise than the figure in the article.

This source finding must be read within the stated scope and source context. Reported financial result for the British company operating Cadillac’s F1 team. 2025 financial year; reported on 2026-10-01. The filing itself was not supplied; this is a reported accounting result, not a directly checked filing.

[1]

The article says the 2025 loss is not directly comparable with the finances of teams that raced that season: Cadillac had not competed in 2025 and could not receive F1 constructors’ championship prize money. It also describes its commercial turnover as insufficient; it does not establish that turnover was zero.

This source finding must be read within the stated scope and source context. Qualification of the pre-entry financial result. 2025 season and financial year. This explains the article’s qualification of the loss; it does not quantify missing revenue or establish what the 2026 result will be.

[1]

RacingNews365 reports headcount of 307 at the end of 2025, compared with 88 at the end of December 2024.

This source finding must be read within the stated scope and source context. Reported staffing of the team. End of December 2024 to end of 2025. These headcounts were not independently checked against the filing.

[1]

According to RacingNews365, listed director Dan Towriss said TWG Cadillac Formula 1 Team LLC would provide funding if needed to meet outstanding liabilities. The article says his going-concern assessment did not anticipate needing that support and referred to binding investor commitments.

This source finding must be read within the stated scope and source context. Conditional financial support described in the reported submission. Going-concern assessment in the reported 2025 submission. The support is conditional, and the assessment is Towriss’s expectation—not proof that funding was provided or that future liabilities cannot arise.

[1]

RacingNews365 expects the 2026 accounts around 30 September 2027 to show turnover and profit or loss after a racing season. Its article does not establish Cadillac’s eventual 2026 financial result.

This source finding must be read within the stated scope and source context. Timing and limits of a fuller financial comparison. Projected publication of 2026 accounts around 2027-09-30. The date and anticipated usefulness of those accounts are forward-looking statements in the article.

[1]

This article was produced with AI assistance. Source references make its supporting evidence traceable.