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I have two calculated columns Variance and Variance %, they both have conditional formatting (via the SP Design Space) to turn the background green when they are less then $10K and 10% respectively.

I would like to also change the font red when the number is negative. How do I add to the JSON for this to happen?

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    Can you share your existing JSON code? I will update the same to add 2nd condition then post complete JSON as an answer. OR you can try to add code in my answer to your existing JSON. – Ganesh Sanap Apr 16 at 16:28
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You cannot apply multiple JSON formatting codes to single column. So, you have to manage multiple conditions/rules within same JSON.

For changing color to red when number is negative, add below code in your existing JSON:

...

"style": {
      "color": "=if(@currentField < 0, 'red', '#323130')"
}

...

Documentation: Use column formatting to customize SharePoint

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