U.S. High Return On Equity, Low Debt

Upwork

Market Cap: US$2.3b

Operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally.

Oddity Tech

Market Cap: US$2.2b

Operates as a consumer tech company that builds digital-first brands for the beauty and wellness industries in the United States and internationally.

Innodata

Market Cap: US$2.1b

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

Slide Insurance Holdings

Market Cap: US$2.1b

Engages in underwriting single family and condominium policies in the property and casualty industry in the United States.

Perella Weinberg Partners

Market Cap: US$1.6b

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

Karooooo

Market Cap: US$1.3b

Provides a mobility software-as-a-service (SaaS) platform for connected vehicles in South Africa, the rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States.

LuxExperience B.V

Market Cap: US$1.2b

Through its subsidiary, operates digital platform for the luxury fashion in Germany, the United States, Europe, Middle East, Japan, mainland China, Hong Kong SAR, China, and internationally.

CureVac

Market Cap: US$1.2b

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

Phoenix Education Partners

Market Cap: US$1.1b

Through its subsidiary, The University of Phoenix, Inc., provides online higher education primarily for working adults in the United States.

TETRA Technologies

Market Cap: US$1.0b

Operates as an energy services and solutions company.

Yuanbao

Market Cap: US$1.0b

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

EverQuote

Market Cap: US$914.4m

Operates an online marketplace for insurance shopping in the United States.

Heritage Insurance Holdings

Market Cap: US$913.1m

Through its subsidiaries, provides personal and commercial residential insurance products.

ASA Gold and Precious Metals

Market Cap: US$866.2m

A publicly owned investment manager.

Build-A-Bear Workshop

Market Cap: US$633.4m

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

Exodus Movement

Market Cap: US$628.5m

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

GAMCO Investors

Market Cap: US$540.7m

A publicly owned holding investment manager.

Kforce

Market Cap: US$519.6m

Provides professional staffing services and solutions in the United States.

Jiayin Group

Market Cap: US$481.4m

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

SIGA Technologies

Market Cap: US$468.3m

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

Bgin Blockchain

Market Cap: US$450.1m

Through its subsidiaries, operates as a digital asset technology company in Singapore, Hong Kong, the United States, and rest of Southeast Asia.

Paul Mueller

Market Cap: US$446.3m

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

eGain

Market Cap: US$389.6m

Engages in the development, license, implementation, and support of its customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific.

Phoenix Asia Holdings

Market Cap: US$368.3m

Provides substructure works services in Hong Kong.

Dingdong (Cayman)

Market Cap: US$357.9m

Operates an e-commerce company in China.

QuantaSing Group

Market Cap: US$330.7m

QuantaSing Group Limited desigs and sells pop toys.

Rich Sparkle Holdings

Market Cap: US$330.0m

Provides financial printing and corporate services in Hong Kong.

Frequency Electronics

Market Cap: US$309.9m

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

Puma Biotechnology

Market Cap: US$301.8m

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

CN Healthy Food Tech Group

Market Cap: US$282.3m

Engages in the research and development, production, and sale of food biotech and healthy products in Asia and internationally.

BK Technologies

Market Cap: US$281.3m

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

Pitanium

Market Cap: US$239.1m

Through its subsidiaries, operates as a retailer of skincare and personal care products in Hong Kong.

J.Jill

Market Cap: US$231.0m

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

OMS Energy Technologies

Market Cap: US$224.6m

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.

One and one Green Technologies

Market Cap: US$222.5m

A waste materials and scrap metal recycling company, engages in the recycling, production, and trading of recycled scrap metals in the Philippines.

Abeona Therapeutics

Market Cap: US$215.4m

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