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DISCONTINUED OPERATIONS (Tables)
 6 Months Ended
Mar. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations The following table presents financial results of Healthcare RCM Business for the three and six months ended March 31, 2026 and 2025:
Three Months Ended March 31,Six Months Ended March 31,
2026202520262025
Revenue$— $9,126 $— $18,862 
Operating expenses
Costs of services (excluding depreciation and amortization)
— 5,809 — 11,530 
Selling, general and administrative— 2,405 — 4,826 
Depreciation and amortization— 842 — 1,665 
Change in fair value of contingent consideration— 1,167 — 1,292 
Total operating expenses— 10,223 — 19,313 
Loss from operations— (1,097)— (451)
Other (income) expenses— (38)169 (38)
Loss before income taxes from discontinued operations— (1,059)(169)(413)
Provision for (benefit from) income taxes— 169 (31)283 
Net loss from discontinued operations— (1,228)(138)(696)
Net loss from discontinued operations attributed to non-controlling interest— (282)(46)(89)
Net loss from discontinued operations attributable to i3 Verticals, Inc.$— $(946)$(92)$(607)
The Company has elected to not separately disclose discontinued operations on its condensed consolidated statement of cash flows. The following table presents cash flows from discontinued operations for major captions on the condensed consolidated financial statements:
Six Months Ended March 31, 2025
Depreciation and amortization$1,665 
Equity-based compensation$595 
Non-cash lease expense$523 
Increase in non-cash contingent consideration expense from original estimate
$1,292 
Expenditures for capitalized software$(218)
The following table presents significant non-cash investing and financing activities for major captions on the consolidated financial statements:
Six Months Ended March 31, 2025
Right-of-use assets obtained in exchange for operating lease obligations$266 
The following table presents financial results of Merchant Services Business for the three and six months ended March 31, 2025:
Three Months Ended March 31, 2025Six Months Ended March 31, 2025
Revenue$— $— 
Operating expenses
Costs of services (excluding depreciation and amortization)
— — 
Selling, general and administrative— — 
Depreciation and amortization— — 
Total operating expenses— — 
Income from operations— — 
Other expenses404 657 
Loss before income taxes from discontinued operations
(404)(657)
Benefit from income taxes
(78)(117)
Net loss from discontinued operations
(326)(540)
Net loss from discontinued operations attributed to non-controlling interest
(99)(175)
Net loss from discontinued operations attributable to i3 Verticals, Inc.
$(227)$(365)