Adlai Nortye Ltd American Depositary Shares (ANL) had the highest return in Q1 2026 by a small-cap US stock, returning 387.3%.

ASSET	QUARTER	% RETURN
Adlai Nortye Ltd American Depositary Shares (ANL)	Q1 2026	387.32%
Swarmer, Inc Common Stock (SWMR)	Q1 2026	277.6%
Faeth Therapeutics (FTH)	Q1 2026	204.54%
Kosmos Energy (KOS)	Q1 2026	204.39%
Satellogic V (SATL)	Q1 2026	180.41%
BUUU Group Limited Class A Ordinary Share (BUUU)	Q1 2026	168.56%
Roma Green Finance Limited Ordinary Shares (ROMA)	Q1 2026	150.63%
Syntec Optics (OPTX)	Q1 2026	142.41%
Century Therapeutics (IPSC)	Q1 2026	132.99%
Tronox (TROX)	Q1 2026	127.82%
Babcock & Wilcox Enterprises (BW)	Q1 2026	126%
Sutro Biopharma (STRO)	Q1 2026	116.61%
Lightwave Logic (LWLG)	Q1 2026	116.31%
Gran Tierra Energy (GTE)	Q1 2026	110.07%
W&T Offshore (WTI)	Q1 2026	106.1%
Opus Genetics (IRD)	Q1 2026	102.22%
Amprius Technologies (AMPX)	Q1 2026	99.53%
Q32 Bio (QTTB)	Q1 2026	94.55%
Corvus Pharmaceuticals (CRVS)	Q1 2026	88.05%
Adecoagro (AGRO)	Q1 2026	87.99%
Rayonier Advanced Materials (RYAM)	Q1 2026	86.05%
Tamboran Resources (TBN)	Q1 2026	84.13%
Tsakos Energy Navigation (TEN)	Q1 2026	82.02%
Vaalco Energy (EGY)	Q1 2026	77.32%
Allogene Therapeutics (ALLO)	Q1 2026	76.81%

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