NGL Energy Partners (NGL) had the highest return in February 2023 by a small-cap US stock, returning 107.2%.

ASSET	MONTH	% RETURN
NGL Energy Partners (NGL)	February 2023	107.23%
Intuitive Machines (LUNR)	February 2023	99.01%
Nerdwallet (NRDS)	February 2023	77.02%
Galectin Therapeutics (GALT)	February 2023	75.42%
Structure Therapeutics Inc American Depositary Shares (GPCR)	February 2023	70.4%
MoonLake Immunotherapeutics (MLTX)	February 2023	60.59%
REalloys (ALOY)	February 2023	58.63%
Ocular Therapeutix (OCUL)	February 2023	54.48%
Tectonic Therapeutic (TECX)	February 2023	53.85%
Universal Insurance (UVE)	February 2023	52.08%
Sky Harbour (SKYH)	February 2023	51.12%
Eos Energy Enterprises (EOSE)	February 2023	51.03%
Graham (GHM)	February 2023	47.28%
Nordic American Tankers (NAT)	February 2023	45.25%
Avita Medical (RCEL)	February 2023	43.58%
MMTEC (MTC)	February 2023	40.24%
Blue Bird (BLBD)	February 2023	39.59%
Manitowoc (MTW)	February 2023	38.84%
Tsakos Energy Navigation (TEN)	February 2023	38.26%
Delcath Systems (DCTH)	February 2023	36.64%
Opera (OPRA)	February 2023	36.56%
USA TODAY (TDAY)	February 2023	35.27%
Cybin (HELP)	February 2023	34.02%
Collective Mining Ltd Common Shares (CNL)	February 2023	33.74%
indie Semiconductor (INDI)	February 2023	30.75%

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