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Thank you for posting a question I had in mind for a while. This communication thread helped answer my question.
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Hi Stephanie - I guess you are getting 1 because the pipeline fact "# of Closed Opportunities" only shows the 'Won' opportunities.
You can check by running a simple report with the opportunity name, the Status and the # of closed opportunities. On the instance, I checked a Lost opportunity did not count in "Pipeline Facts"."# of Closed Opportunities".
Hope this helps
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