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CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Additional Paid-In Capital
Retained Earnings (Deficit)
Non-Controlling Interest
Class A Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Class B Common Stock
Common Stock
Beginning balance, outstanding (in shares) at Sep. 30, 2024           23,882,035   10,032,676
Beginning balance, outstanding at Sep. 30, 2024 $ 515,359 $ 279,335 $ 100,397 $ 135,624   $ 2   $ 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Equity-based compensation 3,814 3,814            
Net income (loss) 3,108   2,056 1,052        
Redemption of common units in i3 Verticals, LLC (in shares)           17,577   (17,577)
Redemption of common units in i3 Verticals, LLC 0 237   (237)        
Establishment of liabilities under a tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis 14 14            
Exercise or release of equity-based awards (in shares)           34,423    
Exercise or release of equity-based awards 29 29            
Repurchases of Class A common stock (in shares)           (496,785)    
Repurchases of Class A common stock (11,190) (11,190)            
Allocation of equity to non-controlling interests 0 293   (293)        
Ending balance, outstanding (in shares) at Dec. 31, 2024           23,437,250   10,015,099
Ending balance, outstanding at Dec. 31, 2024 511,134 272,532 102,453 136,146   $ 2   $ 1
Beginning balance, outstanding (in shares) at Sep. 30, 2024           23,882,035   10,032,676
Beginning balance, outstanding at Sep. 30, 2024 515,359 279,335 100,397 135,624   $ 2   $ 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 3,877              
Distributions to non-controlling interest holders 283              
Ending balance, outstanding (in shares) at Mar. 31, 2025           24,386,990   8,832,061
Ending balance, outstanding at Mar. 31, 2025 513,659 282,872 102,299 128,485   $ 2   $ 1
Beginning balance, outstanding (in shares) at Dec. 31, 2024           23,437,250   10,015,099
Beginning balance, outstanding at Dec. 31, 2024 511,134 272,532 102,453 136,146   $ 2   $ 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Equity-based compensation 3,932 3,932            
Net income (loss) 769   (154) 923        
Redemption of common units in i3 Verticals, LLC (in shares)           813,782   (813,782)
Redemption of common units in i3 Verticals, LLC 0 11,493   (11,493)        
Recapitalization from contribution to i3 Verticals, LLC (in shares)               (369,256)
Recapitalization from contribution to i3 Verticals, LLC 0 (5,689)   5,689        
Establishment of liabilities under a tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis 143 143            
Distributions to non-controlling interest holders 283     283        
Exercise or release of equity-based awards (in shares)           149,328    
Exercise or release of equity-based awards (2,179) (2,179)            
Repurchases of Class A common stock (in shares)           (13,370)    
Repurchases of Class A common stock (423) (423)            
Allocation of equity to non-controlling interests 0 3,063   (3,063)        
Ending balance, outstanding (in shares) at Mar. 31, 2025           24,386,990   8,832,061
Ending balance, outstanding at Mar. 31, 2025 513,659 282,872 102,299 128,485   $ 2   $ 1
Beginning balance, outstanding (in shares) at Sep. 30, 2025         23,983,125 23,983,125 8,381,681 8,381,681
Beginning balance, outstanding at Sep. 30, 2025 517,723 271,310 118,270 128,140   $ 2   $ 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Equity-based compensation 5,178 5,178            
Net income (loss) 947   484 463        
Distributions to non-controlling interest holders 93     93        
Exercise or release of equity-based awards (in shares)           149,250    
Exercise or release of equity-based awards (2,283) (2,283)            
Repurchases of Class A common stock (in shares)           (1,522,838)    
Repurchases of Class A common stock (38,317) (38,317)            
Allocation of equity to non-controlling interests 0 3,861   (3,861)        
Ending balance, outstanding (in shares) at Dec. 31, 2025           22,609,537   8,381,681
Ending balance, outstanding at Dec. 31, 2025 483,341 239,749 118,754 124,835   $ 2   $ 1
Beginning balance, outstanding (in shares) at Sep. 30, 2025         23,983,125 23,983,125 8,381,681 8,381,681
Beginning balance, outstanding at Sep. 30, 2025 517,723 271,310 118,270 128,140   $ 2   $ 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 3,141              
Distributions to non-controlling interest holders $ 122              
Exercise or release of equity-based awards (in shares) 181,032              
Ending balance, outstanding (in shares) at Mar. 31, 2026         20,541,392 20,541,392 8,381,681 8,381,681
Ending balance, outstanding at Mar. 31, 2026 $ 438,236 197,160 120,218 120,855   $ 2   $ 1
Beginning balance, outstanding (in shares) at Dec. 31, 2025           22,609,537   8,381,681
Beginning balance, outstanding at Dec. 31, 2025 483,341 239,749 118,754 124,835   $ 2   $ 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Equity-based compensation 4,619 4,619            
Net income (loss) 2,194   1,464 730        
Distributions to non-controlling interest holders 29     29        
Exercise or release of equity-based awards (in shares)           152,591    
Exercise or release of equity-based awards (968) (968)            
Repurchases of Class A common stock (in shares)           (2,220,736)    
Repurchases of Class A common stock (50,979) (50,979)            
Allocation of equity to non-controlling interests 0 4,739   (4,739)        
Ending balance, outstanding (in shares) at Mar. 31, 2026         20,541,392 20,541,392 8,381,681 8,381,681
Ending balance, outstanding at Mar. 31, 2026 $ 438,236 $ 197,160 $ 120,218 $ 120,855   $ 2   $ 1