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Equals

A real spreadsheet with SQL result sets landing in its cells, now sold only on annual contracts starting at 24,000 USD

As of 31 August 2026, Equals starts at $24000/year. A genuine spreadsheet, A1 references and pivot tables included, with a query engine underneath that pulls live data into ranges. Softwr lists it under Spreadsheets. Equals is made by Equals Technologies, Inc., available on Web, API.

Overview

What Equals does

Equals is a browser spreadsheet built by Equals Technologies, Inc. To answer the category question directly: it is a spreadsheet with a database underneath, not a modelling tool wearing a grid. Workbooks contain connected sheets bound to a SQL query or a drag and drop query builder, and regular sheets of ordinary cells that reference the results. A1 notation works, F4 toggles absolute references, pivot tables are real ones with calculated fields and grand totals, and dynamic array functions such as UNIQUE, FILTER, SORT and XLOOKUP spill properly with a SPILL error when blocked. Cell values can be fed back into the SQL as query parameters. Underneath, connecting more than one source syncs your data into a Snowflake warehouse that Equals operates, with Fivetran ingesting non-SQL sources. The commercial story is a deliberate move upmarket that anyone holding an old shortlist needs to know about. In May 2023 there was a free plan. By October 2023 the cheapest option was 49 USD a month, by August 2024 it was 39 USD per seat, and today the price list starts at 24,000 USD a year for Essential, 36,000 for Business and 60,000 for Enterprise, billed annually with no monthly option and no self-serve path; every call to action is a demo request. What is metered has inverted too: seats are explicitly unlimited for both viewers and editors on all three tiers, and the meters are connector count, data refresh frequency and AI spend. Extra connectors are 199 USD a month for databases and scripts or 699 USD a month for everything else. Buyers are revenue operations and go-to-market teams at funded software companies, which is where the product has been repositioned; the changelog describes it as the AI-native spreadsheet starting with go-to-market analytics, and the use case pages are all software metrics such as net revenue retention and pipeline waterfalls. The trade-offs are the function library and where your data sits. The published list runs to roughly 150 functions against Excel with several hundred, with no LAMBDA, LET, OFFSET or INDIRECT, and the entire financial category is three functions, IRR, NPV and PMT, with no XIRR or XNPV. For a product sold to finance teams at 24,000 USD a year, anyone porting an existing model should check their formula inventory before signing.

What people use it for

  • A revenue operations team that wants software metrics computed in a spreadsheet rather than defined in a BI semantic layer
  • Analysts who need a SQL result and manual assumptions in the same file, with the assumptions visible as cells
  • Joining Stripe, Salesforce and a production database without building a warehouse and pipeline first
  • Distributing a recurring numbers pack to Slack, email or a wall display without rebuilding it as a dashboard

The honest half

Where it falls short

Concrete and checkable, so you can decide whether any of them matter to you. This is the half of a review a vendor will not write about Equals.

  • The price list now starts at 24,000 USD a year with no monthly billing and no self-serve signup, having offered a free plan in 2023 and 39 USD per seat in 2024, so any team that evaluated it previously is looking at a different product commercially.
  • Your data is copied out of your infrastructure by design, into a Snowflake warehouse that Equals operates, with Fivetran holding non-SQL source data in transit, and no self-hosted or bring-your-own-warehouse option is documented.
  • The financial function category contains only IRR, NPV and PMT, with no XIRR, XNPV, FV, PV, RATE or NPER, and there is no LAMBDA, LET, OFFSET or INDIRECT, so a substantial class of existing spreadsheet models cannot be ported without rework.
  • No documentation of importing or exporting Excel files exists anywhere in the docs index; the supported file sources are CSV and Google Sheets and the only documented export is dashboards as PDF, which is a notable gap for a product positioning itself as a successor to Excel.
  • Data freshness is a pricing lever rather than a setting, at six hours on Essential, one hour on Business and fifteen minutes on Enterprise, and the feature that removes row limits is itself gated above the entry tier, so the Essential row ceiling is neither published nor unlimited.

Cross-shopped

What people choose instead of Equals

Each pairing was judged by two reviewers asking whether a buyer would genuinely weigh the two against each other. The ones that failed were deleted rather than published.

  • Equals logo
    Equals
    vs
    Rows logo
    Rows

    Rows: A conventional spreadsheet with data connectors and API access at a fraction of the cost, for teams below the 24,000 USD floor

  • Equals logo
    Equals
    vs
    Metabase logo
    Metabase

    Metabase: The right choice when the output is a dashboard other people read, with a free self-hosted edition

  • Equals logo
    Equals
    vs
    Looker logo
    Looker

    Looker: Stronger when governed metrics defined once in code matter more than a spreadsheet surface analysts can edit

Pricing

What Equals costs

Taken from the vendor's own pricing page. Prices move, so check before you buy.

Essential

$24,000 /yr

  • Unlimited viewers and unlimited editors
  • 3 connectors
  • Data sync every 6 hours
  • 250 USD per month of AI spend included, then usage based
  • 2 implementations included

Business

$36,000 /yr

  • Unlimited viewers and unlimited editors
  • 5 connectors or a warehouse connection
  • Data sync every hour
  • 500 USD per month of AI spend included
  • Writeback and Infinity, which removes row limits

Enterprise

$60,000 /yr

  • Unlimited viewers and unlimited editors
  • Unlimited connectors or a warehouse connection
  • Data sync every 15 minutes
  • 1,000 USD per month of AI spend included
  • Enterprise single sign-on

Connector add-ons

$199 /mo

  • 199 USD per month for each additional database or import script connector
  • 699 USD per month for each additional connector of any other type
  • Available on Business and Enterprise
  • Additional implementation work is 5,000 USD per 10 hours

Capabilities

Features

  • Connected sheets

    Sheets bound to a SQL query or a visual query builder, refreshed manually or on a schedule

  • Real spreadsheet mechanics

    A1 references, absolute reference toggling, pivot tables and spilling dynamic arrays

  • Cell references into SQL

    Query parameters driven by values typed into workbook cells

  • Equals Warehouse

    Data synced into a Snowflake warehouse operated by Equals so sources can be joined

  • Views

    SQL transformations saved back into your warehouse schema with dependency ordering

  • Writeback

    Pushes data from the workbook back into HubSpot or Salesforce objects, on Business and above

Answered, with sources

Questions people ask

Each answer names the page it came from, so you can check it rather than take our word for it.

Is it a real spreadsheet or a modelling tool with a grid?

A real spreadsheet. A1 references, absolute reference locking, pivot tables and spilling array formulas all work, and SQL results land in ranges that ordinary cells reference.

What does it actually cost?

24,000 USD a year for Essential, 36,000 for Business and 60,000 for Enterprise, billed annually. There is no monthly option and no self-serve signup; the trial is negotiated per customer.

Are seats charged?

No. Viewers and editors are unlimited on every plan. The meters are connector count, refresh frequency and AI spend, with additional connectors at 199 or 699 USD a month.

Does my data stay in my own warehouse?

No. Connecting more than one source syncs data into a Snowflake warehouse that Equals runs, and non-SQL sources pass through Fivetran. There is no documented self-hosted option.

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Softwr does not host reviews and shows no star rating for Equals, because a rating we did not collect is not ours to publish. What is here is the pricing and platform detail from the vendor’s own pages, limitations we could state concretely, and alternatives a reviewer confirmed people weigh against it. Tell us if any of it is wrong.

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