v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue $ 53,067 $ 51,901 $ 163,256 $ 158,257
Operating expenses        
Costs of services (excluding depreciation and amortization) 16,314 16,733 51,034 48,889
Selling, general and administrative 28,858 33,018 84,905 85,779
Depreciation and amortization 7,349 6,989 21,917 20,848
Change in fair value of contingent consideration 1,438 (26) 940 440
Total operating expenses 53,959 56,714 158,796 155,956
(Loss) income from operations (892) (4,813) 4,460 2,301
Other expenses (income)        
Interest expense 1,820 806 3,342 1,932
Other income (9,903) (4,601) (10,534) (7,020)
Total other income (8,083) (3,795) (7,192) (5,088)
Income (loss) before income taxes 7,191 (1,018) 11,652 7,389
Provision for (benefit from) income taxes 1,313 (22) 2,495 3,272
Net income (loss) from continuing operations 5,878 (996) 9,157 4,117
Net (loss) income from discontinued operations, net of income taxes (217) 19,421 (355) 18,185
Net income 5,661 18,425 8,802 22,302
Net income (loss) from continuing operations attributable to non-controlling interest 2,258 (586) 3,497 1,653
Net (loss) income from discontinued operations attributable to non-controlling interest (79) 6,129 (125) 5,865
Net income attributable to non-controlling interest 2,179 5,543 3,372 7,518
Net income (loss) from continuing operations attributable to i3 Verticals, Inc. 3,620 (410) 5,660 2,464
Net (loss) income from discontinued operations attributable to i3 Verticals, Inc. (138) 13,292 (230) 12,320
Net income attributable to i3 Verticals, Inc. $ 3,482 $ 12,882 $ 5,430 $ 14,784
Net income (loss) per share attributable to Class A common stockholders from continuing operations:        
Basic (in USD per share) $ 0.19 $ (0.02) $ 0.26 $ 0.10
Diluted (in USD per share) 0.19 (0.03) 0.25 0.10
Net (loss) income per share attributable to Class A common stockholders from discontinued operations:        
Basic (in USD per share) (0.01) 0.55 (0.01) 0.52
Diluted (in USD per share) $ (0.01) $ 0.55 $ (0.01) $ 0.49
Weighted average shares of Class A common stock outstanding:        
Basic (in shares) 19,419,792 24,345,826 21,638,108 23,909,714
Diluted (in shares) 19,543,611 33,936,121 22,285,629 34,183,267
Continuing Operations | Class A Common Stock        
Other expenses (income)        
Net income (loss) from continuing operations $ 5,878 $ (996) $ 9,157 $ 4,117
Net income (loss) from continuing operations attributable to non-controlling interest $ 2,258 $ (586) $ 3,497 $ 1,653
Net income (loss) per share attributable to Class A common stockholders from continuing operations:        
Basic (in USD per share) $ 0.19 $ (0.02) $ 0.26 $ 0.10
Diluted (in USD per share) $ 0.19 $ (0.03) $ 0.25 $ 0.10
Weighted average shares of Class A common stock outstanding:        
Basic (in shares) 19,419,792 24,345,826 21,638,108 23,909,714
Diluted (in shares) 19,543,611 32,983,325 22,285,629 24,823,635
Discontinued Operations | Class A Common Stock        
Other expenses (income)        
Net (loss) income from discontinued operations, net of income taxes $ (217) $ 19,421 $ (355) $ 18,185
Net (loss) income from discontinued operations attributable to non-controlling interest $ (79) $ 6,129 $ (125) $ 5,865
Net (loss) income per share attributable to Class A common stockholders from discontinued operations:        
Basic (in USD per share) $ (0.01) $ 0.55 $ (0.01) $ 0.52
Diluted (in USD per share) $ (0.01)   $ (0.01) $ 0.49
Weighted average shares of Class A common stock outstanding:        
Basic (in shares) 19,419,792 24,345,826 21,638,108 23,909,714
Diluted (in shares) 27,801,473 24,345,826 30,019,789 34,183,267