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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:      
Net (loss) income $ 563 $ (4,961) $ 902
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 16,564 11,839 10,085
Equity-based compensation 6,124 1,567 0
Provision for doubtful accounts 30 14 216
Amortization of deferred financing costs 721 1,072 453
Debt extinguishment costs 152 0 0
Loss on disposal of assets 8 5 44
Provision for (benefit from) deferred income taxes (586) (682) 56
Non-cash change in fair value of warrant liability 0 8,487 (415)
Increase (decrease) in non-cash contingent consideration expense from original estimate 3,389 3,866 (218)
Changes in operating assets:      
Accounts receivable 2,430 (2,321) (2,432)
Prepaid expenses and other current assets (817) 1,017 305
Other assets (2,769) (3,182) 9
Changes in operating liabilities:      
Accounts payable (1,768) 1,172 (384)
Accrued expenses and other current liabilities 1,572 2,040 1,515
Deferred revenue 2,588 (123) 388
Other long-term liabilities (44) 362 40
Contingent consideration paid in excess of original estimates (1,560) (2,092) (2,234)
Net cash provided by operating activities 26,597 18,080 8,330
Cash flows from investing activities:      
Expenditures for property and equipment (807) (2,217) (636)
Expenditures for capitalized software (2,227) (1,092) (1,452)
Purchases of merchant portfolios and residual buyouts (3,586) (1,207) (1,632)
Acquisitions of businesses, net of cash acquired (137,036) (32,362) (44,175)
Acquisition of other intangibles (72) (1,177) (8)
Net cash used in investing activities (143,728) (38,055) (47,903)
Cash flows from financing activities:      
Proceeds from revolving credit facility 188,491 27,250 56,500
Payments of revolving credit facility (51,867) (95,600) (23,900)
Proceeds from notes payable to banks 0 24,671 0
Payments of notes payable to banks (35,000) (5,000) (5,000)
Payment of notes payable to Mezzanine Lenders 0 (10,486) 0
Payment of unsecured notes payable to related and unrelated creditors 0 (5,489) 0
Payment of debt issuance costs (168) (266) (254)
Proceeds from the exercise of Mezzanine Warrants and Junior Subordinated Notes Warrants 0 270 0
Proceeds from issuance of Class A common 111,687 0 12,500
Proceeds from issuance of Class A common stock sold in initial public offering, net of underwriting discounts and offering costs 0 89,506 0
Payments for Common Units in i3 Verticals, LLC from selling shareholders (90,027) (4,635) 0
Payment of equity issuance costs for Class A unit issuance 0 0 (64)
Cash paid for contingent consideration (2,634) (977) (966)
Required distributions to members for tax obligations (2,060) 0 (1,464)
Proceeds from stock option exercises 672 0 0
Net cash provided by (used in) financing activities 119,094 19,244 37,352
Net (decrease) increase in cash, cash equivalents and restricted cash 1,963 (731) (2,221)
Cash, cash equivalents and restricted cash at beginning of period 1,237 1,968 4,189
Cash, cash equivalents and restricted cash at end of period 3,200 1,237 1,968
Supplemental disclosure of cash flow information:      
Cash paid for interest 4,911 7,881 6,288
Cash paid for income taxes 1,420 $ 483 $ 837
Class A      
Cash flows from operating activities:      
Net (loss) income $ 563