Wisesheets is an Excel and Google Sheets add-in that pulls SEC financial data directly into spreadsheets, making it popular with quantitative investors who prefer to build custom models from raw EDGAR data. DilutionWatch takes the opposite approach: it pre-processes SEC filings into a scored, actionable dilution risk system so you don't have to build the model yourself. This comparison breaks down what each platform is actually good for.
Wisesheets gives you the ingredients. DilutionWatch gives you the answer. FTD data + short squeeze risk + cash runway + warrant overhang, already synthesized into a 0-100 score with 1.96 million historical records — no spreadsheet required, no Bloomberg terminal needed.
Dilution Risk Feature Comparison
| Dilution Feature | DilutionWatch | Wisesheets |
|---|---|---|
| Dilution Risk Score (0-100) | DilutionScore with 5 sub-components | Must build your own model |
| Score Trend History | 1.96M historical records | Raw data available, no pre-built trend |
| Shelf Registration Monitoring | Automated with remaining capacity | SEC data accessible via formula |
| ATM Program Detection | Automated from 424B filings | Not pre-built; requires custom parsing |
| Warrant Overhang Analysis | Per-issuance detail from SEC XBRL + 8-K | XBRL data accessible, not pre-parsed |
| Cash Runway Calculation | Automated from 10-Q filings | Financial data available, must calculate |
| Convertible Note Tracking | Automated term extraction | Not pre-built |
| PIPE Deal Monitoring | Dedicated PIPE tracker | Not pre-built |
| Reverse Split Tracker | Yes | Not pre-built |
| Real-Time SEC Filing Alerts | Email alerts with AI classification | No alert system |
Short Thesis & FTD Comparison
| Short/FTD Feature | DilutionWatch | Wisesheets |
|---|---|---|
| FTD (Fails-to-Deliver) Data | Integrated from SEC/FINRA | Not available |
| Short Interest Integration | Float risk sub-score | Some short data via data sources |
| Short Squeeze Risk Signal | Float risk + FTD combined | Must build your own |
| Institutional Flow Signals (13F) | Live 13F signal feed | 13F data accessible via formula |
| Form 4 Insider Monitoring | Real-time with alerts | Historical Form 4 data via formula |
Workflow & Access Comparison
| General Feature | DilutionWatch | Wisesheets |
|---|---|---|
| Setup Required | None — browser-ready dashboard | Excel/Sheets add-in + formula building |
| Custom Model Flexibility | Screening by score + sub-components | Full custom formula logic |
| SEC Financial Statement Data | Dilution-focused metrics | Comprehensive EDGAR data pull |
| Multi-Ticker Batch Analysis | Screener covers 7,300+ stocks | Bulk formula queries supported |
| Free Public Data | Top tickers free | Subscription required |
| No Bloomberg Required | 100% public SEC data | Yes |
| Pricing | Free + $19.95–$39.95/mo | ~$39–$79/mo depending on tier |
For Immediate Dilution Intelligence: DilutionWatch Wins Without Spreadsheet Work
Wisesheets provides powerful access to raw SEC data for analysts who want to build custom models. DilutionWatch delivers pre-built dilution scoring, FTD integration, real-time alerts, and 1.96M historical records — accessible immediately, with no formula engineering required.
The Verdict
Wisesheets is the right tool for quantitative analysts who need raw EDGAR data piped into custom spreadsheet models — particularly for building proprietary financial statement workflows or screening across hundreds of tickers with bespoke logic. Its Excel and Google Sheets integrations are genuinely well-executed.
DilutionWatch is for investors who want the output of that analysis without doing the work. The DilutionScore's 5 sub-components — dilution rate, float risk, cash runway, warrant overhang, and filing velocity — are already calculated, scored, trended, and alerted. The 1.96 million historical score records mean you can immediately visualize how a company's dilution risk has evolved over time.
The most important differentiator: Wisesheets cannot deliver FTD data or a pre-built short thesis validation layer. For short sellers and dilution-focused investors, combining DilutionWatch's scored risk system with real-time SEC alerts — at no Bloomberg cost — is simply not reproducible in a spreadsheet tool without substantial custom engineering and ongoing data maintenance.