v3.25.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Jan. 31, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE
Pursuant to Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation
S-K,
the Pay Versus Performance Table (set forth below) is required to include “compensation actually paid” (“
CAP
”), as calculated per SEC disclosure rules, to the Company’s principal executive officer (“
PEO
”) and the Company’s
non-PEO
NEOs, as noted below. “Compensation actually paid” represents a required calculation of compensation that differs significantly from the Summary Compensation Table calculation of compensation, the NEO’s realized or earned compensation, as well as from the way in which the Compensation Committee views annual compensation decisions, as discussed in the CD&A. The amounts in the table below are calculated in accordance with SEC rules and do not represent amounts actually earned or realized by NEOs, including with respect to RSUs, which remain subject to forfeiture if the vesting conditions are not satisfied.
 
                   
Value of Initial Fixed $100
Investment Based on:
(4)
       
Fiscal Year
(1)
 
Summary
Compensation
Table Total
for PEO
($)
(2)
 
Compensation
Actually
Paid to PEO
($)
(3)
 
Average
Summary
Compensation
Table Total
for Non-PEO

NEOs
($)
(2)
 
Average
Compensation
Actually Paid
to
Non-PEO

NEOs
($)
(3)
 
Total
Shareholder
Return ($)
 
Peer Group
Total
Shareholder
Return ($)
(5)
 
Net Loss
($)
 
Revenue
($)
(6)
2025
      8,499,099       8,939,064       2,348,516       1,301,661       37.13       173.21       33,049,000       540,657,000
2024
      7,833,548       10,271,359       3,066,807       4,330,316       34.37       159.88       43,526,000       476,543,000
2023
      8,059,437       1,794,534       3,890,638       (740,777 )       31.23       106.08       101,844,000       408,315,000
2022
      7,817,083       1,340,189       2,795,464       (4,053,065 )       50.04       131.14       50,121,000       273,865,000
2021
      3,477,984       52,715,812       1,723,813       18,253,944       78.28       118.37       41,270,000       204,293,000
 
(1)
Mr. Naudé has served as the PEO for the entirety of fiscal 2025, 2024, 2023, 2022 and 2021 and our other NEOs for the applicable years were as follows:
 
   
2025: Greg Orenstein; Sean Desmond; April Rieger and Josh Glover.
 
   
2024: Greg Orenstein; Sean Desmond; Josh Glover, and Matthew Hansen.
 
   
2023: Josh Glover; David Rudow; Greg Orenstein; April Rieger; and Matthew Hansen.
 
   
2022: Josh Glover; David Rudow; Greg Orenstein; and Sean Desmond.
 
   
2021: Greg Orenstein and Josh Glover.
 
(2)
Amounts reported in this column represent (i) the total compensation reported in the Summary Compensation Table for the applicable year in the case of Mr. Naudé and (ii) the average of the total compensation reported in the Summary Compensation Table for the applicable year for our other NEOs reported for the applicable year other than the PEO for such years.
(3)
To calculate CAP, adjustments were made to the amounts reported in the Summary Compensation Table for the applicable year. A reconciliation of the adjustments for Mr. Naudé and for the average of the other NEOs is set forth following the footnotes to this table.
(4)
Pursuant to rules of the SEC, the comparison assumes $100 was invested on July 14, 2020 (the day on which
regular-way
trading of Company common stock commenced). Historic stock price performance is not necessarily indicative of future stock price performance.
(5)
The TSR Peer Group consists of the component companies of the S&P 1500 Application Software Index.
(6)
The Compensation Committee determined that revenue is a core measure of the Company’s performance and stockholder value creation. Revenue indirectly impacts the compensation of our NEOs because it is reflected in both the Total Annual Revenue Growth and
Non-GAAP
Operating Margin metrics included in the fiscal 2025 annual cash bonus program.
 
CAP Adjustments
 
Fiscal Year
  
Summary
Compensation
Table Total
($)
(1)
  
Minus
Grant Date
Fair Value
of Stock
Awards
Granted in
the Current
Fiscal Year
($)
(2)
 
Plus (Minus)
Fair
Value at Fiscal
Year-end
of
Outstanding
and Unvested
Stock Awards
Granted in
Fiscal Year
($)
(3)
  
Plus (Minus)
Change in Fair
Value of
Outstanding
and Unvested
Stock Option
and Stock
Awards
Granted in
Prior Fiscal
Years
($)
(4)
 
Plus (Minus)
Fair Value
at Vesting
of Stock
Awards
Granted in
Fiscal
Year that
Vested
During
Fiscal
Year
($)
(5)
  
Plus (Minus)
Change in
Fair Value
as of Vesting
Date of Stock
Option and
Stock Awards
Granted in
Prior Years
for which
Applicable
Vesting
Conditions
were Satisfied
During Fiscal
Year
($)
(6)
 
Minus
Fair Value as
of Prior
Fiscal
Year-end
of
Stock
Option
and Stock
Awards
Granted in
Prior Fiscal
Years that
Failed to
Meet
Applicable
Vesting
Conditions
During
Fiscal Year
($)
(7)
 
Compensation
Actually Paid
($)
Pierre Naudé
 
2025
       8,499,099        (7,470,940 )       7,187,741        793,565       —         (70,401 )       —        8,939,064
2024
       7,833,548        (6,934,897 )       8,910,634        566,116       —         (104,042 )       —        10,271,359
2023
       8,059,437        (7,158,830 )       4,368,307        (2,826,186 )       —         (648,194 )       —        1,794,534
2022
       7,817,083        (6,874,000 )       4,583,000        (3,778,054 )       —         (407,840 )       —        1,340,189
2021
       3,477,984        (2,561,060 )       9,181,400        41,222,988       —         1,394,500       —        52,715,812
Other NEOs (Average)
(8)
 
2025
       2,348,516        (1,889,900 )       1,767,160        369,934       —         (38,965 )       (1,255,084 )       1,301,661
2024
       3,066,807        (2,501,505 )       3,214,179        520,201       —         30,634       —        4,330,316
2023
       3,890,638        (3,317,732 )       1,657,027        (1,962,871 )       88,923        (412,548 )       (684,214 )       (740,777 )
2022
       2,795,464        (2,258,633 )       1,467,614        (5,905,740 )       —         (151,770 )       —        (4,053,065 )
2021
       1,723,813        (1,250,630 )       4,483,508        12,704,591       —         592,662       —        18,253,944
 
(1)
Represents Total Compensation as reported in the Summary Compensation Table for the indicated fiscal year. With respect to the other NEOs, amounts shown represent averages.
(2)
Represents the grant date fair value of the stock awards granted during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(3)
Represents the fair value as of the indicated fiscal
year-end
of the outstanding and unvested stock awards granted during such fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(4)
Represents the change in fair value during the indicated fiscal year of each option award and stock award that was granted in a prior fiscal year and that remained outstanding and unvested as of the last day of the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(5)
Represents the fair value at vesting of the stock awards that were granted and vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(6)
Represents the change in fair value, measured from the prior fiscal
year-end
to the vesting date, of each option award and stock award that was granted in a prior fiscal year and which vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(7)
Represents the fair value as of the last day of the prior fiscal year of the option award and stock awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(8)
See footnote 1 above for the NEOs included in the average for each year.
       
Company Selected Measure Name Revenue        
Named Executive Officers, Footnote
(1)
Mr. Naudé has served as the PEO for the entirety of fiscal 2025, 2024, 2023, 2022 and 2021 and our other NEOs for the applicable years were as follows:
 
   
2025: Greg Orenstein; Sean Desmond; April Rieger and Josh Glover.
 
   
2024: Greg Orenstein; Sean Desmond; Josh Glover, and Matthew Hansen.
 
   
2023: Josh Glover; David Rudow; Greg Orenstein; April Rieger; and Matthew Hansen.
 
   
2022: Josh Glover; David Rudow; Greg Orenstein; and Sean Desmond.
 
   
2021: Greg Orenstein and Josh Glover.
       
Peer Group Issuers, Footnote The TSR Peer Group consists of the component companies of the S&P 1500 Application Software Index.        
PEO Total Compensation Amount $ 8,499,099 $ 7,833,548 $ 8,059,437 $ 7,817,083 $ 3,477,984
PEO Actually Paid Compensation Amount $ 8,939,064 10,271,359 1,794,534 1,340,189 52,715,812
Adjustment To PEO Compensation, Footnote
CAP Adjustments
 
Fiscal Year
  
Summary
Compensation
Table Total
($)
(1)
  
Minus
Grant Date
Fair Value
of Stock
Awards
Granted in
the Current
Fiscal Year
($)
(2)
 
Plus (Minus)
Fair
Value at Fiscal
Year-end
of
Outstanding
and Unvested
Stock Awards
Granted in
Fiscal Year
($)
(3)
  
Plus (Minus)
Change in Fair
Value of
Outstanding
and Unvested
Stock Option
and Stock
Awards
Granted in
Prior Fiscal
Years
($)
(4)
 
Plus (Minus)
Fair Value
at Vesting
of Stock
Awards
Granted in
Fiscal
Year that
Vested
During
Fiscal
Year
($)
(5)
  
Plus (Minus)
Change in
Fair Value
as of Vesting
Date of Stock
Option and
Stock Awards
Granted in
Prior Years
for which
Applicable
Vesting
Conditions
were Satisfied
During Fiscal
Year
($)
(6)
 
Minus
Fair Value as
of Prior
Fiscal
Year-end
of
Stock
Option
and Stock
Awards
Granted in
Prior Fiscal
Years that
Failed to
Meet
Applicable
Vesting
Conditions
During
Fiscal Year
($)
(7)
 
Compensation
Actually Paid
($)
Pierre Naudé
 
2025
       8,499,099        (7,470,940 )       7,187,741        793,565       —         (70,401 )       —        8,939,064
2024
       7,833,548        (6,934,897 )       8,910,634        566,116       —         (104,042 )       —        10,271,359
2023
       8,059,437        (7,158,830 )       4,368,307        (2,826,186 )       —         (648,194 )       —        1,794,534
2022
       7,817,083        (6,874,000 )       4,583,000        (3,778,054 )       —         (407,840 )       —        1,340,189
2021
       3,477,984        (2,561,060 )       9,181,400        41,222,988       —         1,394,500       —        52,715,812
Other NEOs (Average)
(8)
 
2025
       2,348,516        (1,889,900 )       1,767,160        369,934       —         (38,965 )       (1,255,084 )       1,301,661
2024
       3,066,807        (2,501,505 )       3,214,179        520,201       —         30,634       —        4,330,316
2023
       3,890,638        (3,317,732 )       1,657,027        (1,962,871 )       88,923        (412,548 )       (684,214 )       (740,777 )
2022
       2,795,464        (2,258,633 )       1,467,614        (5,905,740 )       —         (151,770 )       —        (4,053,065 )
2021
       1,723,813        (1,250,630 )       4,483,508        12,704,591       —         592,662       —        18,253,944
 
(1)
Represents Total Compensation as reported in the Summary Compensation Table for the indicated fiscal year. With respect to the other NEOs, amounts shown represent averages.
(2)
Represents the grant date fair value of the stock awards granted during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(3)
Represents the fair value as of the indicated fiscal
year-end
of the outstanding and unvested stock awards granted during such fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(4)
Represents the change in fair value during the indicated fiscal year of each option award and stock award that was granted in a prior fiscal year and that remained outstanding and unvested as of the last day of the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(5)
Represents the fair value at vesting of the stock awards that were granted and vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(6)
Represents the change in fair value, measured from the prior fiscal
year-end
to the vesting date, of each option award and stock award that was granted in a prior fiscal year and which vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(7)
Represents the fair value as of the last day of the prior fiscal year of the option award and stock awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(8)
See footnote 1 above for the NEOs included in the average for each year.
       
Non-PEO NEO Average Total Compensation Amount $ 2,348,516 3,066,807 3,890,638 2,795,464 1,723,813
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,301,661 4,330,316 (740,777) (4,053,065) 18,253,944
Adjustment to Non-PEO NEO Compensation Footnote
CAP Adjustments
 
Fiscal Year
  
Summary
Compensation
Table Total
($)
(1)
  
Minus
Grant Date
Fair Value
of Stock
Awards
Granted in
the Current
Fiscal Year
($)
(2)
 
Plus (Minus)
Fair
Value at Fiscal
Year-end
of
Outstanding
and Unvested
Stock Awards
Granted in
Fiscal Year
($)
(3)
  
Plus (Minus)
Change in Fair
Value of
Outstanding
and Unvested
Stock Option
and Stock
Awards
Granted in
Prior Fiscal
Years
($)
(4)
 
Plus (Minus)
Fair Value
at Vesting
of Stock
Awards
Granted in
Fiscal
Year that
Vested
During
Fiscal
Year
($)
(5)
  
Plus (Minus)
Change in
Fair Value
as of Vesting
Date of Stock
Option and
Stock Awards
Granted in
Prior Years
for which
Applicable
Vesting
Conditions
were Satisfied
During Fiscal
Year
($)
(6)
 
Minus
Fair Value as
of Prior
Fiscal
Year-end
of
Stock
Option
and Stock
Awards
Granted in
Prior Fiscal
Years that
Failed to
Meet
Applicable
Vesting
Conditions
During
Fiscal Year
($)
(7)
 
Compensation
Actually Paid
($)
Pierre Naudé
 
2025
       8,499,099        (7,470,940 )       7,187,741        793,565       —         (70,401 )       —        8,939,064
2024
       7,833,548        (6,934,897 )       8,910,634        566,116       —         (104,042 )       —        10,271,359
2023
       8,059,437        (7,158,830 )       4,368,307        (2,826,186 )       —         (648,194 )       —        1,794,534
2022
       7,817,083        (6,874,000 )       4,583,000        (3,778,054 )       —         (407,840 )       —        1,340,189
2021
       3,477,984        (2,561,060 )       9,181,400        41,222,988       —         1,394,500       —        52,715,812
Other NEOs (Average)
(8)
 
2025
       2,348,516        (1,889,900 )       1,767,160        369,934       —         (38,965 )       (1,255,084 )       1,301,661
2024
       3,066,807        (2,501,505 )       3,214,179        520,201       —         30,634       —        4,330,316
2023
       3,890,638        (3,317,732 )       1,657,027        (1,962,871 )       88,923        (412,548 )       (684,214 )       (740,777 )
2022
       2,795,464        (2,258,633 )       1,467,614        (5,905,740 )       —         (151,770 )       —        (4,053,065 )
2021
       1,723,813        (1,250,630 )       4,483,508        12,704,591       —         592,662       —        18,253,944
 
(1)
Represents Total Compensation as reported in the Summary Compensation Table for the indicated fiscal year. With respect to the other NEOs, amounts shown represent averages.
(2)
Represents the grant date fair value of the stock awards granted during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(3)
Represents the fair value as of the indicated fiscal
year-end
of the outstanding and unvested stock awards granted during such fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(4)
Represents the change in fair value during the indicated fiscal year of each option award and stock award that was granted in a prior fiscal year and that remained outstanding and unvested as of the last day of the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(5)
Represents the fair value at vesting of the stock awards that were granted and vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(6)
Represents the change in fair value, measured from the prior fiscal
year-end
to the vesting date, of each option award and stock award that was granted in a prior fiscal year and which vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(7)
Represents the fair value as of the last day of the prior fiscal year of the option award and stock awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(8)
See footnote 1 above for the NEOs included in the average for each year.
       
Compensation Actually Paid vs. Total Shareholder Return
   
Relationship Between CAP to the PEO and Average Other NEOs and the Company’s TSR. Given the leverage of our executive compensation program towards equity-based awards, fluctuations in CAP for our PEO and other NEOs is most directly impacted by our stock price performance. Commensurate with our decline in TSR, calculated assuming a $100 investment in our common stock on July 14, 2020 (the day on which
regular-way
trading of Company common stock commenced), from $78.28 as of January 31, 2021 to $37.13 as of January 31, 2025, our fiscal 2021 CAP for our PEO and other NEOs was $52,715,812 and $18,253,944, respectively, declining to fiscal 2025 CAP for our PEO and other NEOs of $8,939,064 and $1,301,661, respectively.
       
Compensation Actually Paid vs. Net Income
   
Relationship Between CAP to the PEO and Average Other NEOs and the Company’s Net Income (Loss) and Revenue: Net income (loss) is not a component of our fiscal 2025 executive compensation program. Instead, the Company uses a variety of performance metrics to measure performance under its annual cash bonus program, with the fiscal 2025 program based on Total Annual Revenue Growth and
Non-GAAP
Operating Margin, as described further in the CD&A. As a result, our CAP for our NEOs is less impacted by fluctuations in our net income as compared to our performance with respect to our annual cash bonus program metrics as well as our stock price performance. The Company’s fiscal 2021 net loss was $41,270,000 decreasing to a net loss of $33,049,000 for fiscal 2025 and the Company’ revenues were $204,293,000 for fiscal 2021 increasing to $540,657,000 for fiscal 2025. Our fiscal 2021 CAP for our PEO and other NEOs was $52,715,812 and $18,253,944, respectively, declining to fiscal 2025 CAP for our PEO and other NEOs of $8,939,064 and $1,301,661, respectively.
       
Compensation Actually Paid vs. Company Selected Measure
   
Relationship Between CAP to the PEO and Average Other NEOs and the Company’s Net Income (Loss) and Revenue: Net income (loss) is not a component of our fiscal 2025 executive compensation program. Instead, the Company uses a variety of performance metrics to measure performance under its annual cash bonus program, with the fiscal 2025 program based on Total Annual Revenue Growth and
Non-GAAP
Operating Margin, as described further in the CD&A. As a result, our CAP for our NEOs is less impacted by fluctuations in our net income as compared to our performance with respect to our annual cash bonus program metrics as well as our stock price performance. The Company’s fiscal 2021 net loss was $41,270,000 decreasing to a net loss of $33,049,000 for fiscal 2025 and the Company’ revenues were $204,293,000 for fiscal 2021 increasing to $540,657,000 for fiscal 2025. Our fiscal 2021 CAP for our PEO and other NEOs was $52,715,812 and $18,253,944, respectively, declining to fiscal 2025 CAP for our PEO and other NEOs of $8,939,064 and $1,301,661, respectively.
       
Total Shareholder Return Vs Peer Group
   
Relationship Between Company TSR and Peer Group TSR. The TSR of the S&P 1500 Application Software Index has outperformed
t
he Company since July 14, 2020, the date on which
regular-way
trading of Company common stock commenced. Assuming a $100 investment in our common stock on July 14, 2020 (the day on which
regular-way
trading of Company common stock commenced), our TSR declined from $78.28 as of January 31, 2021 to $37.13 as of January 31, 2025, while the TSR of the S&P 1500 Application Software Index
increased
from $118.37 as of January 31, 2021 to $173.21 as of January 31, 2025.
       
Tabular List, Table
Performance Measures Used to Link Company Performance and CAP to the NEOs
The following is a list of financial performance measures, which in our assessment represent the most important financial performance measures used by the Company to link compensation actually paid to the NEOs for fiscal 2025. Please see the CD&A for a further description of these metrics and how they are used in the Company’s executive compensation program, including our annual cash bonus program.
 
   
Total Annual Revenue Growth
 
   
Non-GAAP
Operating Margin
 
   
Stock Price
       
Total Shareholder Return Amount $ 37.13 34.37 31.23 50.04 78.28
Peer Group Total Shareholder Return Amount 173.21 159.88 106.08 131.14 118.37
Net Income (Loss) $ 33,049,000 $ 43,526,000 $ 101,844,000 $ 50,121,000 $ 41,270,000
Company Selected Measure Amount 540,657,000 476,543,000 408,315,000 273,865,000 204,293,000
PEO Name Mr. Naudé Mr. Naudé Mr. Naudé Mr. Naudé Mr. Naudé
Measure:: 1          
Pay vs Performance Disclosure          
Name Total Annual Revenue Growth        
Measure:: 2          
Pay vs Performance Disclosure          
Name Non-GAAP Operating Margin        
Non-GAAP Measure Description The Compensation Committee determined that revenue is a core measure of the Company’s performance and stockholder value creation. Revenue indirectly impacts the compensation of our NEOs because it is reflected in both the Total Annual Revenue Growth and
Non-GAAP
Operating Margin metrics included in the fiscal 2025 annual cash bonus program.
       
Measure:: 3          
Pay vs Performance Disclosure          
Name Stock Price        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 7,187,741 $ 8,910,634 $ 4,368,307 $ 4,583,000 $ 9,181,400
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 793,565 566,116 (2,826,186) (3,778,054) 41,222,988
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (70,401) (104,042) (648,194) (407,840) 1,394,500
PEO | Fair Value Of Stock Awards Granted In Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (7,470,940) (6,934,897) (7,158,830) (6,874,000) (2,561,060)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,767,160 3,214,179 1,657,027 1,467,614 4,483,508
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 369,934 520,201 (1,962,871) (5,905,740) 12,704,591
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     88,923    
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (38,965) 30,634 (412,548) (151,770) 592,662
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,255,084)   (684,214)    
Non-PEO NEO | Fair Value Of Stock Awards Granted In Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (1,889,900) $ (2,501,505) $ (3,317,732) $ (2,258,633) $ (1,250,630)