diff --git a/projects/components/src/overlay/overlay.service.test.ts b/projects/components/src/overlay/overlay.service.test.ts
index bf8901298..9d682d627 100644
--- a/projects/components/src/overlay/overlay.service.test.ts
+++ b/projects/components/src/overlay/overlay.service.test.ts
@@ -1,55 +1,84 @@
-import { Component } from '@angular/core';
-import { fakeAsync, flush, tick } from '@angular/core/testing';
-import { NavigationService } from '@hypertrace/common';
-import { recordObservable, runFakeRxjs } from '@hypertrace/test-utils';
-import { createServiceFactory, mockProvider, SpectatorService } from '@ngneat/spectator/jest';
-import { Subject } from 'rxjs';
-import { PopoverModule } from '../popover/popover.module';
-import { OverlayService } from './overlay.service';
-import { SheetSize } from './sheet/sheet';
+import { ChangeDetectionStrategy, Component, Inject } from '@angular/core';
+import { fakeAsync, flush } from '@angular/core/testing';
+import { IconLibraryTestingModule } from '@hypertrace/assets-library';
+import { GLOBAL_HEADER_HEIGHT, NavigationService } from '@hypertrace/common';
+import { OverlayService, SheetRef, SheetSize } from '@hypertrace/components';
+import { createHostFactory, mockProvider } from '@ngneat/spectator/jest';
+import { EMPTY } from 'rxjs';
+import { OverlayModule } from './overlay.module';
+import { SHEET_DATA } from './sheet/sheet';
 
 describe('Overlay service', () => {
-  const navigation$: Subject<void> = new Subject<void>();
+  @Component({
+    changeDetection: ChangeDetectionStrategy.OnPush,
+    template: `
+      <div class="test-sheet-content">Test Component Content Data: {{ this.data }}</div>
+      <button class="test-close-button" (click)="this.onClose()">Close</button>
+    `
+  })
+  class TestComponent {
+    public constructor(@Inject(SHEET_DATA) public readonly data: string, public readonly sheetRef: SheetRef) {}
 
-  let spectator: SpectatorService<OverlayService>;
+    public onClose(): void {
+      this.sheetRef.close(this.data);
+    }
+  }
 
-  const createService = createServiceFactory({
-    service: OverlayService,
-    imports: [PopoverModule],
+  const createHost = createHostFactory({
+    component: Component({ selector: 'host', template: 'template' })(class {}),
+    declarations: [TestComponent],
+    entryComponents: [TestComponent],
+    imports: [OverlayModule, IconLibraryTestingModule],
     providers: [
       mockProvider(NavigationService, {
-        navigation$: navigation$
-      })
-    ]
+        navigation$: EMPTY
+      }),
+      {
+        provide: GLOBAL_HEADER_HEIGHT,
+        useValue: 100
+      }
+    ],
+    template: `<host></host>`
   });
 
-  beforeEach(() => {
-    spectator = createService();
-  });
-
-  test('can close a sheet popover on navigation', fakeAsync(() => {
-    const popover = spectator.service.createSheet({
-      showHeader: false,
-      size: SheetSize.Medium,
-      content: Component({
-        selector: 'test-component',
-        template: `<div>TEST</div>`
-      })(class {})
+  test('can create a sheet with provided data', fakeAsync(() => {
+    const spectator = createHost();
+    spectator.inject(OverlayService).createSheet({
+      content: TestComponent,
+      size: SheetSize.Small,
+      title: 'Test title',
+      showHeader: true,
+      data: 'custom input'
     });
-    popover.show();
-    popover.closeOnNavigation();
-    tick(); // CDK overlay is async
 
-    expect(popover.closed).toBe(false);
+    spectator.tick();
+
+    expect(spectator.query('.test-sheet-content', { root: true })).toContainText(
+      'Test Component Content Data: custom input'
+    );
+  }));
 
-    runFakeRxjs(({ expectObservable }) => {
-      expectObservable(popover.closed$).toBe('(x|)', { x: undefined });
-      expectObservable(recordObservable(popover.hidden$)).toBe('|'); // Record hidden/shown for test, since they're hot
-      expectObservable(recordObservable(popover.shown$)).toBe('|');
-      navigation$.next();
+  test('sheet can be closed and return a result', fakeAsync(() => {
+    const spectator = createHost();
+    const sheet: SheetRef<string> = spectator.inject(OverlayService).createSheet({
+      content: TestComponent,
+      size: SheetSize.Small,
+      data: 'custom input'
     });
+    let result: string | undefined;
+    spectator.tick();
+    const subscription = sheet.closed$.subscribe(out => (result = out));
+    const closeButton = spectator.query('.test-close-button', { root: true })!;
+    expect(result).toBeUndefined();
+    expect(subscription.closed).toBe(false);
+
+    spectator.click(closeButton);
+    spectator.tick();
+
+    expect(spectator.query('.test-sheet-content', { root: true })).not.toExist();
+    expect(result).toBe('custom input');
+    expect(subscription.closed).toBe(true);
 
-    expect(popover.closed).toBe(true);
-    flush(); // CDK cleans up overlay async
+    flush(); // CDK timer to remove overlay
   }));
 });
diff --git a/projects/components/src/overlay/overlay.service.ts b/projects/components/src/overlay/overlay.service.ts
index 566613626..b1a425f8a 100644
--- a/projects/components/src/overlay/overlay.service.ts
+++ b/projects/components/src/overlay/overlay.service.ts
@@ -3,7 +3,8 @@ import { Subscription } from 'rxjs';
 import { PopoverFixedPositionLocation, PopoverPositionType } from '../popover/popover';
 import { PopoverRef } from '../popover/popover-ref';
 import { PopoverService } from '../popover/popover.service';
-import { SheetOverlayConfig, SHEET_DATA } from './sheet/sheet';
+import { DefaultSheetRef } from './sheet/default-sheet-ref';
+import { SheetOverlayConfig, SheetRef, SHEET_DATA } from './sheet/sheet';
 import { SheetOverlayComponent } from './sheet/sheet-overlay.component';
 
 @Injectable({
@@ -16,10 +17,14 @@ export class OverlayService {
 
   public constructor(private readonly popoverService: PopoverService, private readonly defaultInjector: Injector) {}
 
-  public createSheet(config: SheetOverlayConfig, injector: Injector = this.defaultInjector): PopoverRef {
+  public createSheet<TData = unknown, TResponse = unknown>(
+    config: SheetOverlayConfig<TData>,
+    injector: Injector = this.defaultInjector
+  ): SheetRef<TResponse> {
     this.activeSheetPopover?.close();
 
-    const metadata = this.buildMetadata(config, injector);
+    const sheetRef = new DefaultSheetRef();
+    const metadata = this.buildMetadata(config, injector, sheetRef);
     const popover = this.popoverService.drawPopover({
       componentOrTemplate: SheetOverlayComponent,
       parentInjector: injector,
@@ -31,13 +36,18 @@ export class OverlayService {
     });
 
     popover.closeOnNavigation();
+    sheetRef.initialize(popover);
 
     this.setActiveSheetPopover(popover);
 
-    return popover;
+    return sheetRef as SheetRef<TResponse>;
   }
 
-  private buildMetadata(config: SheetOverlayConfig, parentInjector: Injector): SheetConstructionData {
+  private buildMetadata(
+    config: SheetOverlayConfig,
+    parentInjector: Injector,
+    sheetRef: SheetRef
+  ): SheetConstructionData {
     return {
       config: config,
       injector: Injector.create({
@@ -45,6 +55,10 @@ export class OverlayService {
           {
             provide: SHEET_DATA,
             useValue: config.data
+          },
+          {
+            provide: SheetRef,
+            useValue: sheetRef
           }
         ],
         parent: parentInjector
diff --git a/projects/components/src/overlay/sheet/default-sheet-ref.ts b/projects/components/src/overlay/sheet/default-sheet-ref.ts
new file mode 100644
index 000000000..3d7b4d64b
--- /dev/null
+++ b/projects/components/src/overlay/sheet/default-sheet-ref.ts
@@ -0,0 +1,32 @@
+import { Observable, Observer, ReplaySubject } from 'rxjs';
+import { PopoverRef } from '../../popover/popover-ref';
+import { SheetRef } from './sheet';
+
+export class DefaultSheetRef extends SheetRef {
+  public readonly closed$: Observable<unknown>;
+
+  private readonly closedObserver: Observer<unknown>;
+  private popoverRef?: PopoverRef;
+
+  public constructor() {
+    super();
+    const closedSubject = new ReplaySubject<unknown>(1);
+    this.closedObserver = closedSubject;
+    this.closed$ = closedSubject.asObservable();
+  }
+
+  public initialize(popoverRef: PopoverRef): void {
+    this.popoverRef = popoverRef;
+    this.popoverRef.closed$.subscribe({
+      complete: () => this.closedObserver.complete(),
+      error: err => this.closedObserver.error(err)
+    });
+  }
+
+  public close(result?: unknown): void {
+    if (result !== undefined) {
+      this.closedObserver.next(result);
+    }
+    this.popoverRef?.close();
+  }
+}
diff --git a/projects/components/src/overlay/sheet/sheet.ts b/projects/components/src/overlay/sheet/sheet.ts
index 8309527f4..c6ad3f01f 100644
--- a/projects/components/src/overlay/sheet/sheet.ts
+++ b/projects/components/src/overlay/sheet/sheet.ts
@@ -1,4 +1,5 @@
 import { InjectionToken } from '@angular/core';
+import { Observable } from 'rxjs';
 import { OverlayConfig } from './../overlay';
 
 export interface SheetOverlayConfig<TData = unknown> extends OverlayConfig {
@@ -15,3 +16,8 @@ export const enum SheetSize {
 }
 
 export const SHEET_DATA = new InjectionToken<unknown>('SHEET_DATA');
+
+export abstract class SheetRef<TResult = unknown> {
+  public abstract readonly closed$: Observable<TResult>;
+  public abstract close(result?: TResult): void;
+}
diff --git a/projects/distributed-tracing/src/shared/dashboard/interaction/detail-sheet/detail-sheet-interaction-handler.model.ts b/projects/distributed-tracing/src/shared/dashboard/interaction/detail-sheet/detail-sheet-interaction-handler.model.ts
index 1e6c9550b..7b253a52a 100644
--- a/projects/distributed-tracing/src/shared/dashboard/interaction/detail-sheet/detail-sheet-interaction-handler.model.ts
+++ b/projects/distributed-tracing/src/shared/dashboard/interaction/detail-sheet/detail-sheet-interaction-handler.model.ts
@@ -1,4 +1,4 @@
-import { PopoverRef, SheetSize } from '@hypertrace/components';
+import { SheetRef, SheetSize } from '@hypertrace/components';
 import { EnumPropertyTypeInstance, ENUM_TYPE, ModelTemplatePropertyType } from '@hypertrace/dashboards';
 import { BOOLEAN_PROPERTY, Model, ModelApi, ModelJson, ModelProperty, STRING_PROPERTY } from '@hypertrace/hyperdash';
 import { ModelInject, MODEL_API } from '@hypertrace/hyperdash-angular';
@@ -53,7 +53,7 @@ export class DetailSheetInteractionHandlerModel implements InteractionHandler {
   @ModelInject(DetailSheetInteractionHandlerService)
   private readonly handlerService!: DetailSheetInteractionHandlerService;
 
-  private popover?: PopoverRef;
+  private sheet?: SheetRef;
 
   public execute(data?: unknown): Observable<void> {
     if (isEmpty(data)) {
@@ -81,7 +81,7 @@ export class DetailSheetInteractionHandlerModel implements InteractionHandler {
     const title = get(source, this.titlePropertyPath ?? '');
     const model = this.getDetailModel(source);
 
-    this.popover = this.handlerService.showSheet(model, this.sheetSize, title, this.showHeader);
+    this.sheet = this.handlerService.showSheet(model, this.sheetSize, title, this.showHeader);
   }
 
   private getDetailModel(source: unknown): object {
@@ -92,6 +92,6 @@ export class DetailSheetInteractionHandlerModel implements InteractionHandler {
   }
 
   private clear(): void {
-    this.popover?.close();
+    this.sheet?.close();
   }
 }
diff --git a/projects/distributed-tracing/src/shared/dashboard/interaction/detail-sheet/detail-sheet-interaction-handler.service.ts b/projects/distributed-tracing/src/shared/dashboard/interaction/detail-sheet/detail-sheet-interaction-handler.service.ts
index bfc582f75..3d50e6c34 100644
--- a/projects/distributed-tracing/src/shared/dashboard/interaction/detail-sheet/detail-sheet-interaction-handler.service.ts
+++ b/projects/distributed-tracing/src/shared/dashboard/interaction/detail-sheet/detail-sheet-interaction-handler.service.ts
@@ -1,5 +1,5 @@
 import { Injectable } from '@angular/core';
-import { OverlayService, PopoverRef, SheetSize } from '@hypertrace/components';
+import { OverlayService, SheetRef, SheetSize } from '@hypertrace/components';
 import { DetailSheetInteractionContainerComponent } from './container/detail-sheet-interaction-container.component';
 
 @Injectable({
@@ -13,7 +13,7 @@ export class DetailSheetInteractionHandlerService {
     sheetSize: SheetSize = SheetSize.Medium,
     title?: string,
     showHeader: boolean = true
-  ): PopoverRef {
+  ): SheetRef {
     return this.overlayService.createSheet({
       content: DetailSheetInteractionContainerComponent,
       size: sheetSize,
diff --git a/projects/distributed-tracing/src/shared/dashboard/widgets/waterfall/waterfall-widget-renderer.component.ts b/projects/distributed-tracing/src/shared/dashboard/widgets/waterfall/waterfall-widget-renderer.component.ts
index d11ef3b83..3b6a27395 100644
--- a/projects/distributed-tracing/src/shared/dashboard/widgets/waterfall/waterfall-widget-renderer.component.ts
+++ b/projects/distributed-tracing/src/shared/dashboard/widgets/waterfall/waterfall-widget-renderer.component.ts
@@ -8,7 +8,7 @@ import {
   ViewChild
 } from '@angular/core';
 import { IconType } from '@hypertrace/assets-library';
-import { ButtonStyle, OverlayService, PopoverRef, SheetSize } from '@hypertrace/components';
+import { ButtonStyle, OverlayService, SheetRef, SheetSize } from '@hypertrace/components';
 import { WidgetRenderer } from '@hypertrace/dashboards';
 import { Renderer } from '@hypertrace/hyperdash';
 import { RendererApi, RENDERER_API } from '@hypertrace/hyperdash-angular';
@@ -83,7 +83,7 @@ export class WaterfallWidgetRendererComponent
   @ViewChild('sidebarDetails', { static: true })
   public sidebarDetails!: TemplateRef<unknown>;
 
-  private popoverRef?: PopoverRef;
+  private sheet?: SheetRef;
   public selectedData?: WaterfallData;
 
   public constructor(
@@ -111,13 +111,10 @@ export class WaterfallWidgetRendererComponent
   }
 
   private openSheet(selected: WaterfallData): void {
-    if (this.popoverRef !== undefined) {
-      this.popoverRef.close();
-    }
-
+    this.sheet?.close();
     this.selectedData = selected;
 
-    this.popoverRef = this.overlayService.createSheet({
+    this.sheet = this.overlayService.createSheet({
       showHeader: false,
       size: SheetSize.ResponsiveExtraLarge,
       content: this.sidebarDetails
@@ -125,7 +122,7 @@ export class WaterfallWidgetRendererComponent
   }
 
   public closeSheet(): void {
-    this.popoverRef?.close();
+    this.sheet?.close();
     this.selectedData = undefined;
     this.changeDetector.markForCheck(); // Need this for child table to remove selected-row class
   }