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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2023
Revenue $ 213,158 $ 191,232 $ 189,681
Operating expenses      
Other costs of services (excluding depreciation and amortization) [1] 66,587 60,517 54,811
Selling, general and administrative [1] 114,660 100,785 105,982
Depreciation and amortization 27,900 25,553 23,320
Change in fair value of contingent consideration 234 22 9,979
Total operating expenses 209,381 186,877 194,092
Income (loss) from operations 3,777 4,355 (4,411)
Other (income) expenses      
Interest expense 2,299 29,263 25,128
Other income (9,406) (3,395) (1,224)
Total other expenses (7,107) 25,868 23,904
Income (loss) before income taxes 10,884 (21,513) (28,315)
(Benefit from) provision for income taxes 5,266 (5,468) (3,507)
Net income (loss) from continuing operations 5,618 (16,045) (24,808)
Net income from discontinued operations, net of income taxes 20,885 191,175 22,156
Net income (loss) 26,503 175,130 (2,652)
Net income (loss) from continuing operations attributable to non-controlling interest 1,991 (5,191) (8,192)
Net income from discontinued operations attributable to non-controlling interest 6,639 66,980 6,351
Net income (loss) attributable to non-controlling interest 8,630 61,789 (1,841)
Net income (loss) from continuing operations attributable to i3 Verticals, Inc. 3,627 (10,854) (16,616)
Net income from discontinued operations attributable to i3 Verticals, Inc. 14,246 124,195 15,805
Net income (loss) attributable to i3 Verticals, Inc. $ 17,873 $ 113,341 $ (811)
Net income (loss) per share attributable to Class A common stockholders from continuing operations:      
Basic (in USD per share) $ 0.15 $ (0.46) $ (0.72)
Diluted (in USD per share) 0.14 (0.46) (0.72)
Net income per share attributable to Class A common stockholders from discontinued operations:      
Basic (in USD per share) 0.60 5.30 0.68
Diluted (in USD per share) $ 0.56 $ 5.30 $ 0.68
Weighted average shares of Class A common stock outstanding:      
Basic for continuing and discontinued operations (in shares) 23,911,250 23,419,421 23,137,586
Diluted for continuing and discontinued operations (in shares) diluted (in shares) 34,185,684 33,879,163 33,246,833
Continuing Operations      
Net income (loss) per share attributable to Class A common stockholders from continuing operations:      
Diluted (in USD per share) $ 0.14    
Weighted average shares of Class A common stock outstanding:      
Basic for continuing and discontinued operations (in shares) 23,911,250 23,419,421 23,137,586
Diluted for continuing and discontinued operations (in shares) diluted (in shares) 25,070,838 23,419,421 23,137,586
Discontinued Operations      
Weighted average shares of Class A common stock outstanding:      
Diluted for continuing and discontinued operations (in shares) diluted (in shares)   23,419,421 23,137,586
[1] Refer to Note 3 for discussion of the change in the current and prior period presentation.