Eos Energy Enterprises (EOSEW) had the highest return in March 2023 by a small-cap US stock, returning 98.9%.

ASSET	MONTH	% RETURN
Eos Energy Enterprises (EOSEW)	March 2023	98.9%
Ardelyx (ARDX)	March 2023	64.6%
Torrid (CURV)	March 2023	60.89%
Enovix (ENVX)	March 2023	60.5%
Arlo Technologies (ARLO)	March 2023	59.47%
ThredUp (TDUP)	March 2023	59.12%
D-MARKET Electronic Services & Trading ADR (HEPS)	March 2023	50.56%
Crawford (CRD.A)	March 2023	49.82%
Nerdy (NRDY)	March 2023	48.75%
Arcturus Therapeutics (ARCT)	March 2023	48.7%
Mercurity Fintech Holding Inc ADR (MFH)	March 2023	48.48%
American Coastal Insurance (ACIC)	March 2023	48.41%
Cipher Mining (CIFR)	March 2023	45.63%
Terawulf (WULF)	March 2023	44.62%
Preformed Line Products (PLPC)	March 2023	44.12%
ECARX Holdings Inc Class A Ordinary shares (ECX)	March 2023	42.09%
Daktronics (DAKT)	March 2023	39.66%
Crawford (CRD.B)	March 2023	38.38%
Climb Global Solutions (CLMB)	March 2023	36.84%
Alvarium Tiedemann (ALTI)	March 2023	34.98%
DRDGOLD Limited ADR (DRD)	March 2023	31.73%
Endeavour Silver (EXK)	March 2023	31.53%
Maui Land & Pineapple (MLP)	March 2023	31.14%
Integral Ad Science Holding LLC (IAS)	March 2023	30.44%
Oric Pharmaceuticals (ORIC)	March 2023	29.84%

Small-cap stocks are treated as having a market cap between $300M and $2B.