SS Innovations International Inc Common Stock (SSII) had the highest return in Q4 2022 by a small-cap US stock, returning 22,854.5%.

ASSET	QUARTER	% RETURN
SS Innovations International Inc Common Stock (SSII)	Q4 2022	22,854.55%
Waterdrop Inc ADR (WDH)	Q4 2022	211.23%
Rayonier Advanced Materials (RYAM)	Q4 2022	197.21%
Studio City International (MSC)	Q4 2022	174.65%
4D Molecular Therapeutics (FDMT)	Q4 2022	170.52%
Ardelyx (ARDX)	Q4 2022	137.5%
Biohaven Pharmaceutical (BHVN)	Q4 2022	117.21%
EverQuote Inc Class A (EVER)	Q4 2022	115.5%
Compass Therapeutics (CMPX)	Q4 2022	113.14%
Diversified Energy (DEC)	Q4 2022	108.42%
Tuya Inc ADR (TUYA)	Q4 2022	105.37%
Ehang (EH)	Q4 2022	102.84%
Gaotu Techedu Inc DRC (GOTU)	Q4 2022	98.32%
Community Health Systems (CYH)	Q4 2022	96.36%
iQIYI (IQ)	Q4 2022	96.3%
Tango Therapeutics (TNGX)	Q4 2022	95.95%
Hello (MOMO)	Q4 2022	95.65%
Sight Sciences (SGHT)	Q4 2022	93.2%
Mayville Engineering (MEC)	Q4 2022	90.92%
Bandwidth (BAND)	Q4 2022	90.3%
Dolly Varden Silver (DVS)	Q4 2022	84.08%
Akebia Ther (AKBA)	Q4 2022	83.17%
Oil States International (OIS)	Q4 2022	81.95%
Helix Energy Solutions (HLX)	Q4 2022	81.33%
Oric Pharmaceuticals (ORIC)	Q4 2022	79.57%

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