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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Revenue $ 57,518 $ 54,135 $ 110,189 $ 106,356
Operating expenses        
Costs of services (excluding depreciation and amortization) 17,138 16,580 34,720 32,156
Selling, general and administrative 29,058 26,282 56,047 52,761
Depreciation and amortization 7,703 6,998 14,568 13,859
Change in fair value of contingent consideration (124) (786) (498) 466
Total operating expenses 53,775 49,074 104,837 99,242
Income from operations 3,743 5,061 5,352 7,114
Other expenses (income)        
Interest expense 1,141 446 1,522 1,126
Other income (70) (593) (631) (2,419)
Total other expenses (income) 1,071 (147) 891 (1,293)
Income before income taxes 2,672 5,208 4,461 8,407
Provision for income taxes 478 2,885 1,182 3,294
Net income from continuing operations 2,194 2,323 3,279 5,113
Net loss from discontinued operations, net of income taxes 0 (1,554) (138) (1,236)
Net income 2,194 769 3,141 3,877
Net income from continuing operations attributable to non-controlling interest 730 1,304 1,239 2,239
Net loss from discontinued operations attributable to non-controlling interest 0 (381) (46) (264)
Net income attributable to non-controlling interest 730 923 1,193 1,975
Net income from continuing operations attributable to i3 Verticals, Inc. 1,464 1,019 2,040 2,874
Net loss from discontinued operations attributable to i3 Verticals, Inc. 0 (1,173) (92) (972)
Net income (loss) attributable to Class A common stockholders $ 1,464 $ (154) $ 1,948 $ 1,902
Net income per share attributable to Class A common stockholders from continuing operations:        
Basic (in USD per share) $ 0.07 $ 0.04 $ 0.09 $ 0.12
Diluted (in USD per share) 0.07 0.04 0.09 0.12
Net loss per share attributable to Class A common stockholders from discontinued operations:        
Basic (in USD per share) 0 (0.05) 0.00 (0.04)
Diluted (in USD per share) $ 0 $ (0.05) $ 0.00 $ (0.04)
Denominator        
Basic (in shares) 21,798,840 23,834,233 22,747,267 23,691,648
Diluted (in shares) 30,582,587   23,656,640 24,081,232
Continuing Operations | Class A Common Stock        
Other expenses (income)        
Net income from continuing operations $ 2,194 $ 2,323 $ 3,279 $ 5,113
Net income from continuing operations attributable to non-controlling interest $ 730 $ 1,304 $ 1,239 $ 2,239
Net income per share attributable to Class A common stockholders from continuing operations:        
Basic (in USD per share) $ 0.07 $ 0.04 $ 0.09 $ 0.12
Diluted (in USD per share) $ 0.07 $ 0.04 $ 0.09 $ 0.12
Denominator        
Basic (in shares) 21,798,840 23,834,233 22,747,267 23,691,648
Diluted (in shares) 30,582,587 24,133,738 23,656,640 24,081,232
Discontinued Operations | Class A Common Stock        
Other expenses (income)        
Net loss from discontinued operations, net of income taxes $ (1,554) $ (138) $ (1,236)
Net loss from discontinued operations attributable to non-controlling interest $ (381) $ (46) $ (264)
Net loss per share attributable to Class A common stockholders from discontinued operations:        
Basic (in USD per share) $ (0.05) $ 0.00 $ (0.04)
Diluted (in USD per share)   $ (0.05) $ 0.00 $ (0.04)
Denominator        
Basic (in shares) 23,834,233 22,747,267 23,691,648
Diluted (in shares) 23,834,233 31,128,948 23,691,648