XML 19 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]      
Revenue $ 224,124 $ 150,134 $ 376,307
Operating expenses      
Interchange and network fees [1] 0 0 242,867
Other costs of services 57,706 47,230 44,237
Selling general and administrative 134,872 78,323 62,860
Depreciation and amortization 24,418 18,217 16,564
Change in fair value of contingent consideration 7,140 (1,409) 3,389
Total operating expenses 224,136 142,361 369,917
(Loss) income from operations (12) 7,773 6,390
Other expenses      
Interest expense, net 9,799 8,926 6,004
Other (income) expense (2,595) 2,621 0
Total other expenses 7,204 11,547 6,004
(Loss) income before income taxes (7,216) (3,774) 386
Provision for (benefit from) income taxes 623 (2,795) (177)
Net (loss) income (7,839) (979) 563
Net (loss) income attributable to non-controlling interest (3,382) (560) 3,608
Net loss attributable to i3 Verticals, Inc. $ (4,457) $ (419) $ (3,045)
Net loss per share attributable to Class A common stockholders:      
Basic (in USD per share) $ (0.21) $ (0.03) $ (0.29)
Diluted (in USD per share) $ (0.22) $ (0.03) $ (0.29)
Weighted average shares of Class A common stock outstanding:      
Basic (shares) 20,994,598 14,833,378 10,490,981
Diluted (shares) 31,714,191 27,429,801 10,490,981
[1] Effective October 1, 2019, the Company's revenues are presented net of interchange and network fees in accordance with Accounting Standards Codification Topic 606, Revenue from Contracts with Customers. See Note 2 to our consolidated financial statements for a description of the recently adopted accounting pronouncement.