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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net loss (income) $ (7,823) $ 518
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 8,876 7,453
Equity-based compensation 817 0
Provision (benefit) for doubtful accounts 33 (33)
Amortization of deferred financing costs 835 329
Loss on disposal of assets 5 43
Benefit for deferred income taxes (468) 0
Non-cash change in fair value of warrant liability 8,487 (58)
Increase in non-cash contingent consideration expense from original estimate 3,280 177
Changes in operating assets:    
Accounts receivable 2,205 745
Prepaid expenses and other current assets 1,433 37
Restricted cash 348 (600)
Other assets (2,994) 31
Changes in operating liabilities:    
Accounts payable 724 (72)
Accrued expenses and other current liabilities 2,936 178
Deferred revenue (3,033) (2,096)
Other long-term liabilities 160 69
Contingent consideration paid in excess of original estimates (814) (783)
Net cash provided by operating activities 15,007 5,938
Cash flows from investing activities:    
Expenditures for property and equipment (1,309) (545)
Expenditures for capitalized software (760) (780)
Purchases of merchant portfolios and residual buyouts (1,207) (1,202)
Acquisitions of businesses, net of cash acquired (26,862) (5,175)
Acquisition of other intangibles (818) (8)
Net cash used in investing activities (30,956) (7,710)
Cash flows from financing activities:    
Proceeds from revolving credit facility 19,250 13,000
Payments of revolving credit facility (90,850) (9,000)
Proceeds from notes payable to banks 24,671 0
Payments of notes payable to banks (3,750) (4,000)
Payment of notes payable to Mezzanine Lenders (10,486) 0
Payment of unsecured notes payable to related and unrelated creditors (5,489) 0
Payment of debt issuance costs (266) 0
Proceeds from the exercise of Mezzanine Warrants and Junior Subordinated Notes Warrants 270 0
Proceeds from issuance of Class A common stock sold in initial public offering, net of underwriting discounts and offering costs 89,729 0
Payments for Common Units in i3 Verticals, LLC from selling shareholder (4,635) 0
Payment of equity issuance costs for 2017 Class A unit issuance 0 (4)
Cash paid for contingent consideration (977) (517)
Required distributions to members for tax obligations 0 (931)
Net cash provided by (used in) financing activities 17,467 (1,452)
Net increase (decrease) in cash and cash equivalents 1,518 (3,224)
Cash and cash equivalents, beginning of period 955 3,776
Cash and cash equivalents, end of period 2,473 552
Supplemental disclosure of cash flow information:    
Cash paid for interest 8,961 4,569
Cash paid for income taxes 137 1,586
Supplemental disclosure of non-cash investing and financing activities:    
Common Units issued as part of acquisitions' purchase consideration (Note 3) 104 0
Acquisition date fair value of contingent consideration in connection with business combinations 2,084 1,221
Replacement of 2016 Senior Secured Credit Facility with Senior Secured Credit Facility 87,525 0
Mezzanine Notes net settled with Mezzanine Warrant exercises 14 0
Unsecured notes payable to related and unrelated creditors net settled with Junior Subordinated Notes Warrants 2,565 0
Settlement of warrant liability with equity as a result of Mezzanine Warrant exercise 9,253 0
Debt issuance costs financed with proceeds from Senior Secured Credit Facility 904 0
Conversion of notes payable to related and unrelated creditors to Class A common stock 8,054 0
Increase in accrued equity issuance costs 760 0
Redeemable Class A    
Supplemental disclosure of non-cash investing and financing activities:    
Preferred return on Class A Units and Redeemable Class A Units 552 521
Class A    
Cash flows from operating activities:    
Net loss (income) (138)  
Supplemental disclosure of non-cash investing and financing activities:    
Preferred return on Class A Units and Redeemable Class A Units $ 2,522 $ 1,483