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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
 [1]
Income Statement [Abstract]    
Revenue $ 73,939 $ 44,621
Operating expenses    
Other costs of services 16,510 13,666
Selling, general and administrative 46,387 24,962
Depreciation and amortization 6,870 5,092 [2],[3]
Change in fair value of contingent consideration 4,927 1,904 [2],[3]
Total operating expenses 74,694 45,624
Loss from operations (755) (1,003)
Interest expense, net 3,154 2,029
Loss before income taxes (3,909) (3,032)
Benefit from income taxes (228) (10)
Net loss (3,681) (3,022) [2],[3],[4]
Net loss attributable to non-controlling interest (1,153) (1,024)
Net loss attributable to i3 Verticals, Inc. $ (2,528) $ (1,998)
Net loss per share attributable to Class A common stockholders:    
Basic (in USD per share) $ (0.11) $ (0.10) [5]
Diluted net loss per share (in USD per Share) $ (0.11) $ (0.10)
Weighted average shares of Class A common stock outstanding:    
Basic (shares) 22,042,801 19,129,056
Diluted (shares) 22,042,801 19,129,056
[1] Effective October 1, 2020, the Company's financial statements are presented in accordance with ASU 2021-08, Accounting Standards Codification Topic 805, Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. See Note 2 to the interim consolidated financial statements for a description of the recently adopted accounting pronouncement and the impacts of adoption on the condensed consolidated statements of operations.
[2] Effective October 1, 2020, the Company's financial statements are presented in accordance with ASU 2021-08, Accounting Standards Codification Topic 805, Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. See Note 2 to the interim consolidated financial statements for a description of the recently adopted accounting pronouncement and the impacts of adoption on the condensed consolidated statements of cash flows.
[3] The prior period amounts included in the statement of cash flows have been updated to correct settlement assets as restricted cash, which were previously reported as cash flows used in operating activities. These adjustments reflect an increase in prior year cash flows provided by operating activities of $84 and a corresponding increase in cash, cash equivalents, and restricted cash at the end of the period.
[4] Effective October 1, 2020, the Company's financial statements are presented in accordance with ASU 2021-08, Accounting Standards Codification Topic 805, Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. See Note 2 to the interim consolidated financial statements for a description of the recently adopted accounting pronouncement and the impacts of adoption on the condensed consolidated statement of changes in equity.
[5] Effective October 1, 2020, the Company's financial statements are presented in accordance with ASU 2021-08, Accounting Standards Codification Topic 805, Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. See Note 2 to the interim consolidated financial statements for a description of the recently adopted accounting pronouncement.