U.S. High Return On Equity, Low Debt

Perella Weinberg Partners

Market Cap: US$2.0b

An independent advisory firm, provides strategic and financial advice services in the United States and internationally.

IDT

Market Cap: US$1.6b

Provides communications and payment services in the United States, the United Kingdom, and internationally.

PROG Holdings

Market Cap: US$1.4b

A financial technology holding company, provides payment options to consumers in the United States.

Yuanbao

Market Cap: US$1.2b

Through its subsidiaries, provides online insurance distribution and services in the People’s Republic of China.

Innodata

Market Cap: US$1.2b

Operates as a data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally.

CureVac

Market Cap: US$1.2b

A biopharmaceutical company, focuses on developing various transformative medicines based on messenger ribonucleic acid (mRNA).

GigaCloud Technology

Market Cap: US$1.2b

Provides end-to-end B2B ecommerce solutions for large parcel merchandise in the United States and internationally.

Exodus Movement

Market Cap: US$794.5m

Operates as a financial technology for blockchain and digital asset industry in the United States.

Jiayin Group

Market Cap: US$752.0m

Engages in the provision of online consumer finance services in the People’s Republic of China.

Build-A-Bear Workshop

Market Cap: US$737.3m

Operates as a multi-channel retailer of plush animals and related products in the United States, Canada, the United Kingdom, Ireland, and internationally.

ASA Gold and Precious Metals

Market Cap: US$678.3m

A publicly owned investment manager.

SIGA Technologies

Market Cap: US$653.8m

A commercial-stage pharmaceutical company, focuses on the health security market in the United States.

TETRA Technologies

Market Cap: US$595.8m

Operates as an energy services and solutions company.

Kforce

Market Cap: US$590.1m

Provides professional staffing services and solutions in the United States.

GAMCO Investors

Market Cap: US$559.7m

A publicly owned holding investment manager.

Dingdong (Cayman)

Market Cap: US$492.9m

Operates an e-commerce company in China.

Rich Sparkle Holdings

Market Cap: US$460.0m

Provides financial printing and corporate services in Hong Kong.

FRMO

Market Cap: US$392.0m

Through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States.

Paul Mueller

Market Cap: US$371.1m

Provides manufactured equipment and components in the United States, North America, the Netherlands, Europe, and internationally.

Abeona Therapeutics

Market Cap: US$370.7m

A clinical-stage biopharmaceutical company, develops gene and cell therapies for life-threatening diseases.

CytomX Therapeutics

Market Cap: US$349.6m

Operates as an oncology-focused biopharmaceutical company that focuses on developing novel conditionally activated biologics localized to the tumor microenvironment.

Frequency Electronics

Market Cap: US$282.2m

Engages in the design, development, manufacture, marketing, and sale of precision time and frequency control products and components for microwave integrated circuit applications.

BK Technologies

Market Cap: US$272.1m

Through its subsidiary, BK Technologies, Inc., designs, manufactures, and markets wireless communications products in the United States and internationally.

Puma Biotechnology

Market Cap: US$264.4m

A biopharmaceutical company, focuses on the development and commercialization of products to enhance cancer care in the United States and internationally.

OMS Energy Technologies

Market Cap: US$261.9m

Through its subsidiaries, manufactures and sells specialty connectors and pipes, surface wellhead and Christmas trees, premium threading services, and other ancillary services in Saudi Arabia, Singapore, Malaysia, Thailand, Indonesia and internationally.

J.Jill

Market Cap: US$259.8m

Operates as an omnichannel retailer for women’s apparel in the United States.

RCM Technologies

Market Cap: US$192.2m

Provides business and technology solutions in the United States, Canada, Puerto Rico, Europe, and Philippines.

Masonglory

Market Cap: US$169.3m

Through its subsidiaries, provides wet trades and other ancillary services in Hong Kong.

Phoenix Asia Holdings

Market Cap: US$164.2m

Engages in the substructure works in Hong Kong.

Lake Area Corn Processors

Market Cap: US$162.9m

Through its subsidiary, Dakota Ethanol, L.L.C., owns and manages an ethanol plant in South Dakota.

Coherus Oncology

Market Cap: US$143.0m

A biopharmaceutical company, researches, develops, and commercializes immunotherapies to treat cancer in the United States.

Sunlands Technology Group

Market Cap: US$136.4m

Provides online education services through online and mobile platforms in the People’s Republic of China.

Metalpha Technology Holding

Market Cap: US$116.5m

Provides wealth management services in Hong Kong.

Linkhome Holdings

Market Cap: US$103.5m

An artificial intelligence-driven property technology company, provides real estate related services in the United States.

NameSilo Technologies

Market Cap: US$87.9m

Through its subsidiaries, provides domain name registration services in the United States, East and South Asia, South East Asia, Australasia, and internationally.

PAPA Medical

Market Cap: US$85.0m

Papa Medical Inc. provides cannabis dosing solutions in the United States.