Phoenix Asia Holdings Limited Ordinary Shares (PHOE) had the highest return in January 2026 by a small-cap US stock, returning 813.7%.

ASSET	MONTH	% RETURN
Phoenix Asia Holdings Limited Ordinary Shares (PHOE)	January 2026	813.66%
Adlai Nortye Ltd American Depositary Shares (ANL)	January 2026	648.59%
Corvus Pharmaceuticals (CRVS)	January 2026	166.07%
Alumis (ALMS)	January 2026	150.87%
Satellogic V (SATL)	January 2026	137.11%
New Era Energy & Digital (NUAI)	January 2026	132.54%
Movano (MOVE)	January 2026	114.39%
Syntec Optics (OPTX)	January 2026	101.03%
Century Therapeutics (IPSC)	January 2026	95.88%
Critical Metals Corp Ordinary Shares (CRML)	January 2026	85.49%
BUUU (BUUU)	January 2026	81.52%
Tanzanian Royalty Exploration (TRX)	January 2026	75.27%
Kosmos Energy (KOS)	January 2026	73%
Red Cat (RCAT)	January 2026	63.64%
Kelly Services B (KELYB)	January 2026	57.98%
Altimmune (ALT)	January 2026	54.7%
Hycroft Mining (HYMC)	January 2026	52.29%
Fluence Energy (FLNC)	January 2026	51.13%
Biodesix (BDSX)	January 2026	50.44%
Spire Global (SPIR)	January 2026	49.67%
Babcock & Wilcox Enterprises (BW)	January 2026	48.31%
Gilat Satellite Networks (GILT)	January 2026	47.25%
Amprius Technologies (AMPX)	January 2026	47.22%
Terrestrial Energy (IMSR)	January 2026	45.06%
HUYA (HUYA)	January 2026	43.73%

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