v3.26.1
DISCONTINUED OPERATIONS (Tables)
 9 Months Ended
Jun. 30, 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 nine months ended June 30, 2026 and 2025:
Three Months Ended June 30,Nine Months Ended June 30,
2026202520262025
Revenue$— $3,601 $— $22,463 
Operating expenses
Costs of services (excluding depreciation and amortization)
— 3,023 — 14,553 
Selling, general and administrative— 2,491 — 7,317 
Depreciation and amortization— 275 — 1,940 
Change in fair value of contingent consideration— 10 — 1,302 
Total operating expenses— 5,799 — 25,112 
Loss from operations— (2,198)— (2,649)
Other expenses (income)250 (25,960)419 (25,998)
(Loss) income before income taxes from discontinued operations(250)23,762 (419)23,349 
(Benefit from) provision for income taxes(33)4,337 (64)4,620 
Net (loss) income from discontinued operations(217)19,425 (355)18,729 
Net (loss) income from discontinued operations attributed to non-controlling interest(79)6,130 (125)6,041 
Net (loss) income from discontinued operations attributable to i3 Verticals, Inc.$(138)$13,295 $(230)$12,688 
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:
Nine Months Ended June 30, 2025
Depreciation and amortization$1,940 
Equity-based compensation$3,112 
Gain on sale of Healthcare RCM Business$(25,960)
Non-cash lease expense$702 
Increase in non-cash contingent consideration expense from original estimate$1,302 
Contingent consideration paid in excess of original estimates$(700)
Expenditures for property and equipment$(156)
Expenditures for capitalized software$(263)
Proceeds from sale of Healthcare RCM Business, net of cash sold$96,102 
Cash paid for contingent consideration$(800)
The following table presents significant non-cash investing and financing activities for major captions on the consolidated financial statements:
Nine Months Ended June 30, 2025
Right-of-use assets obtained in exchange for operating lease obligations$266 
The following table presents financial results of Merchant Services Business for the three and nine months ended June 30, 2025:
Three Months Ended June 30, 2025Nine Months Ended June 30, 2025
Revenue$— $— 
Operating expenses
Costs of services (excluding depreciation and amortization)
— — 
Selling, general and administrative— — 
Depreciation and amortization— — 
Total operating expenses— — 
Income from operations— — 
Other expenses4 661 
Loss before income taxes from discontinued operations
(4)(661)
Benefit from income taxes
— (117)
Net loss from discontinued operations
(4)(544)
Net loss from discontinued operations attributed to non-controlling interest
(1)(176)
Net loss from discontinued operations attributable to i3 Verticals, Inc.
$(3)$(368)
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:
Nine Months Ended June 30, 2025
Adjustments to gain on sale of Merchant Services Business661