XML 87 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]      
Revenue $ 376,307 $ 323,508 $ 262,571
Operating expenses      
Interchange and network fees 242,867 214,543 189,112
Other costs of services 44,237 40,314 28,798
Selling general and administrative 62,860 40,585 27,194
Depreciation and amortization 16,564 11,839 10,085
Change in fair value of contingent consideration 3,389 3,866 (218)
Total operating expenses 369,917 311,147 254,971
Income from operations 6,390 12,361 7,600
Other expenses      
Interest expense, net 6,004 8,498 6,936
Change in fair value of warrant liability 0 8,487 (415)
Total other expenses 6,004 16,985 6,521
(Loss) income before income taxes 386 (4,624) 1,079
Provision for income taxes (177) 337 177
Net (loss) income 563 (4,961) 902
Net income attributable to non-controlling interest 3,608 1,937 0
Net (loss) income attributable to i3 Verticals, Inc. $ (3,045) $ (6,898) $ 902
Net (loss) income per share attributable to Class A common stockholders(1):      
Basic (in USD per share) [1] $ (0.29) $ 0.08  
Diluted (in USD per share) [1] $ (0.29) $ 0.08  
Weighted average shares of Class A common stock outstanding(1):      
Basic (shares) [1] 10,490,981 8,812,630  
Diluted (shares) [1] 10,490,981 26,873,878  
[1] Basic and diluted net income per Class A common stock are presented only for the period after the Company’s Reorganization Transactions. See Note 1 for a description of the Reorganization Transactions. See Note 18 for the calculation of income per common share.