$IIIV
i3 Verticals, Inc. Stock $iiiv

$iiiv Overview Financials Valuation SEC Filings Company Website

2019 Q4 Form 10-Q Financial Statement

#000172868820000027 Filed on February 10, 2020

Income Statement

Concept	2019 Q4	2018 Q4
Revenue	$41.11M	$84.87M
YoY Change	-51.56%	9.9%
Cost Of Revenue	$0.00	$55.83M
YoY Change	-100.0%	6.87%
Gross Profit	$33.50M	$23.09M
YoY Change	45.08%	23.06%
Gross Profit Margin	81.48%	27.2%
Selling, General & Admin	$19.29M	$12.52M
YoY Change	54.1%	41.5%
% of Gross Profit	57.58%	54.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$4.655M	$3.552M
YoY Change	31.05%	24.37%
% of Gross Profit	13.9%	15.38%
Operating Expenses	$19.29M	$12.52M
YoY Change	54.1%	41.5%
Operating Profit	$4.097M	$3.530M
YoY Change	16.06%	5.47%
Interest Expense	-$2.000M	-$900.0K
YoY Change	122.22%	-62.5%
% of Operating Profit	-48.82%	-25.5%
Other Income/Expense, Net		-$914.0K
YoY Change		-77.53%
Pretax Income	$2.083M	$2.616M
YoY Change	-20.37%	-462.83%
Income Tax	$149.0K	$265.0K
% Of Pretax Income	7.15%	10.13%
Net Earnings	-$149.0K	$178.0K
YoY Change	-183.71%	-153.61%
Net Earnings / Revenue	-0.36%	0.21%
Basic Earnings Per Share	-$0.01	$0.02
Diluted Earnings Per Share	-$0.01	$0.02
COMMON SHARES
Basic Shares Outstanding	14.23M shares	8.813M shares
Diluted Shares Outstanding	14.23M shares	9.903M shares

Balance Sheet

Concept	2019 Q4	2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$300.0K	$900.0K
YoY Change	-66.67%
Cash & Equivalents	$335.0K	$887.0K
Short-Term Investments
Other Short-Term Assets	$5.000M	$4.200M
YoY Change	19.05%
Inventory	$1.574M	$1.294M
Prepaid Expenses
Receivables	$14.41M	$10.37M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$19.75M	$15.47M
YoY Change	27.67%
LONG-TERM ASSETS
Property, Plant & Equipment	$5.129M	$3.111M
YoY Change	64.87%
Goodwill	$166.4M	$98.49M
YoY Change	68.97%	28.08%
Intangibles	$104.9M	$71.22M
YoY Change	47.25%
Long-Term Investments
YoY Change
Other Assets	$4.172M	$1.754M
YoY Change	137.86%
Total Long-Term Assets	$327.4M	$181.7M
YoY Change	80.18%
TOTAL ASSETS
Total Short-Term Assets	$19.75M	$15.47M
Total Long-Term Assets	$327.4M	$181.7M
Total Assets	$347.2M	$197.2M
YoY Change	76.06%	19.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$4.530M	$3.388M
YoY Change	33.71%
Accrued Expenses	$21.21M	$15.37M
YoY Change	37.95%
Deferred Revenue	$10.38M
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due		$5.000M
YoY Change
Total Short-Term Liabilities	$36.11M	$29.30M
YoY Change	23.23%
LONG-TERM LIABILITIES
Long-Term Debt	$132.3M	$49.01M
YoY Change	169.93%
Other Long-Term Liabilities	$7.385M	$4.314M
YoY Change	71.19%
Total Long-Term Liabilities	$139.7M	$53.32M
YoY Change	161.94%
TOTAL LIABILITIES
Total Short-Term Liabilities	$36.11M	$29.30M
Total Long-Term Liabilities	$139.7M	$53.32M
Total Liabilities	$199.0M	$82.63M
YoY Change	140.83%
SHAREHOLDERS EQUITY
Retained Earnings	-$1.753M	$914.0K
YoY Change	-291.79%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$83.10M	$40.43M
YoY Change
Total Liabilities & Shareholders Equity	$347.2M	$197.2M
YoY Change	76.06%

Cashflow Statement

Concept	2019 Q4	2018 Q4
OPERATING ACTIVITIES
Net Income	-$149.0K	$178.0K
YoY Change	-183.71%	-153.61%
Depreciation, Depletion And Amortization	$4.655M	$3.552M
YoY Change	31.05%	24.37%
Cash From Operating Activities	$7.484M	$6.072M
YoY Change	23.25%	3.48%
INVESTING ACTIVITIES
Capital Expenditures	$548.0K	$107.0K
YoY Change	412.15%	-56.15%
Acquisitions	$0.00	$21.00M
YoY Change	-100.0%	0.66%
Other Investing Activities	-$550.0K	-$21.47M
YoY Change	-97.44%	-0.09%
Cash From Investing Activities	-$1.782M	-$22.03M
YoY Change	-91.91%	0.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$6.635M	$16.27M
YoY Change	-140.78%	-2.01%
NET CHANGE
Cash From Operating Activities	$7.484M	$6.072M
Cash From Investing Activities	-$1.782M	-$22.03M
Cash From Financing Activities	-$6.635M	$16.27M
Net Change In Cash	-$933.0K	$316.0K
YoY Change	-395.25%	-34.3%
FREE CASH FLOW
Cash From Operating Activities	$7.484M	$6.072M
Capital Expenditures	$548.0K	$107.0K
Free Cash Flow	$6.936M	$5.965M
YoY Change	16.28%	6.06%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2019Q4	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--09-30
CY2019Q4	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2020
CY2019Q4	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2019Q4	dei	Amendment Flag AmendmentFlag	false
CY2019Q4	dei	Document Type DocumentType	10-Q
CY2019Q4	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2019Q4	dei	Document Period End Date DocumentPeriodEndDate	2019-12-31
CY2019Q4	dei	Document Transition Report DocumentTransitionReport	false
CY2019Q4	dei	Entity File Number EntityFileNumber	001-38532
CY2019Q4	dei	Entity Registrant Name EntityRegistrantName	i3 Verticals, Inc.
CY2019Q4	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2019Q4	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	82-4052852
CY2019Q4	dei	Entity Address Address Line1 EntityAddressAddressLine1	40 Burton Hills Blvd.
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CY2019Q4	dei	Entity Address City Or Town EntityAddressCityOrTown	Nashville
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CY2019Q4	dei	Entity Address State Or Province EntityAddressStateOrProvince	TN
CY2019Q4	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	37215
CY2019Q4	dei	City Area Code CityAreaCode	615
CY2019Q4	dei	Local Phone Number LocalPhoneNumber	465-4487
CY2019Q4	dei	Security12b Title Security12bTitle	Class A Common Stock, $0.0001 Par Value
CY2019Q4	dei	Trading Symbol TradingSymbol	IIIV
CY2019Q4	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2019Q4	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2019Q4	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2019Q4	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
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CY2019Q4	us-gaap	Payments To Acquire Other Productive Assets PaymentsToAcquireOtherProductiveAssets	111000	USD
CY2018Q4	us-gaap	Payments To Acquire Other Productive Assets PaymentsToAcquireOtherProductiveAssets	33000	USD
CY2019Q4	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1782000	USD
CY2018Q4	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-22026000	USD
CY2019Q4	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	31283000	USD
CY2018Q4	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	25000000	USD
CY2019Q4	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	38390000	USD
CY2018Q4	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	6750000	USD
CY2019Q4	us-gaap	Repayments Of Bank Debt RepaymentsOfBankDebt	0	USD
CY2018Q4	us-gaap	Repayments Of Bank Debt RepaymentsOfBankDebt	1250000	USD
CY2019Q4	us-gaap	Payment For Contingent Consideration Liability Financing Activities PaymentForContingentConsiderationLiabilityFinancingActivities	0	USD
CY2018Q4	us-gaap	Payment For Contingent Consideration Liability Financing Activities PaymentForContingentConsiderationLiabilityFinancingActivities	730000	USD
CY2019Q4	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	472000	USD
CY2018Q4	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	USD
CY2019Q4	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-6635000	USD
CY2018Q4	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	16270000	USD
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-933000	USD
CY2018Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	316000	USD
CY2019Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	3200000	USD
CY2018Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1237000	USD
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2267000	USD
CY2018Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1553000	USD
CY2019Q4	us-gaap	Interest Paid Net InterestPaidNet	1971000	USD
CY2018Q4	us-gaap	Interest Paid Net InterestPaidNet	730000	USD
CY2019Q4	us-gaap	Income Taxes Paid IncomeTaxesPaid	287000	USD
CY2019Q4	us-gaap	Number Of Businesses Acquired NumberOfBusinessesAcquired	0	business
CY2018Q4	us-gaap	Income Taxes Paid IncomeTaxesPaid	105000	USD
CY2019Q4	us-gaap	Nature Of Operations NatureOfOperations	ORGANIZATION AND OPERATIONS<div style="text-indent:18pt;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">i3 Verticals, Inc. (the “Company”) was formed as a Delaware corporation on January 17, 2018. The Company was formed for the purpose of completing an initial public offering (“IPO”) of its Class A common stock and other related transactions in order to carry on the business of i3 Verticals, LLC and its subsidiaries. i3 Verticals, LLC was founded in 2012 and delivers seamlessly integrated payment and software solutions to small- and medium-sized businesses (“SMBs”) and organizations in strategic vertical markets. The Company’s headquarters are located in Nashville, Tennessee, with operations throughout the United States. Unless the context otherwise requires, references to “we,” “us,” “our,” “i3 Verticals” and the “Company” refer to i3 Verticals, Inc. and its subsidiaries, including i3 Verticals, LLC.</span></div><div style="margin-bottom:4pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">Initial Public Offering</span></div><div style="text-indent:18pt;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">On June 25, 2018, the Company completed the IPO of 7,647,500 shares of its Class A common stock at a public offering price of $13.00 per share. The Company received approximately $92.5 million of net proceeds, after deducting underwriting discounts and commissions, which the Company used to purchase newly issued common units from i3 Verticals, LLC (the “Common Units”), and Common Units from a selling Common Unit holder, in each case at a price per Common Unit equal to the price per share paid by the underwriters for shares of the Company's Class A common stock in the IPO. </span></div><div style="margin-bottom:4pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">Reorganization Transactions</span></div><div style="text-indent:18pt;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">In connection with the IPO, the Company completed the following transactions (the “Reorganization Transactions”):</span></div><div style="text-indent:-18pt;padding-left:36pt;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">i3 Verticals, LLC amended and restated its existing limited liability company agreement to, among other things, (1) convert all existing Class A units, common units (including common units issued upon the exercise of existing warrants) and Class P units of ownership interest in i3 Verticals, LLC into either Class A voting common units of i3 Verticals, LLC (such holders of Class A voting common units referred to herein as the “Continuing Equity Owners”) or Class B non-voting common units of i3 Verticals, LLC (such holders of Class B non-voting common units referred to herein as the “Former Equity Owners”), and (2) appoint i3 Verticals, Inc. as the sole managing member of i3 Verticals, LLC upon its acquisition of Common Units in connection with the IPO;</span></div><div style="text-indent:-18pt;padding-left:36pt;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">the Company amended and restated its certificate of incorporation to provide for, among other things, Class A common stock and Class B common stock;</span></div><div style="text-indent:-18pt;padding-left:36pt;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">i3 Verticals, LLC and the Company consummated a merger among i3 Verticals, LLC, i3 Verticals, Inc. and a newly formed wholly-owned subsidiary of i3 Verticals, Inc. (“MergerSub”) whereby: (1) MergerSub merged with and into i3 Verticals, LLC, with i3 Verticals, LLC as the surviving entity; (2) Class A voting common units converted into newly issued Common Units in i3 Verticals, LLC together with an equal number of shares of Class B common stock of i3 Verticals, Inc., and (3) Class B non-voting common units converted into Class A common stock of i3 Verticals, Inc. based on a conversion ratio that provided an equitable adjustment to reflect the full value of the Class B non-voting common units; and</span></div><div style="text-indent:-18pt;padding-left:36pt;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">the Company issued shares of its Class A common stock pursuant to a voluntary private conversion of certain subordinated notes (the “Junior Subordinated Notes”) by certain related and unrelated creditors of i3 Verticals, LLC.</span></div><div style="text-indent:18pt;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Following the completion of the IPO and Reorganization Transactions, the Company became a holding company and its principal asset is the Common Units in i3 Verticals, LLC that it owns. i3 Verticals, Inc. operates and controls all of i3 Verticals, LLC's operations and, through i3 Verticals, LLC and its subsidiaries, conducts i3 Verticals, LLC's business. i3 Verticals, Inc. has a minority economic interest in i3 Verticals, LLC. </span></div><div style="margin-bottom:4pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">Public Offering</span></div><div style="text-indent:18pt;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">On June 10, 2019, the Company completed a secondary public offering (the “June 2019 Secondary Public Offering”) of 5,165,527 shares of its Class A common stock, at a public offering price of $22.75 per share, which included a full exercise of the underwriters' option to purchase 673,764 additional shares of Class A Common Stock from the Company. The Company received approximately $111,640 of net proceeds, after deducting underwriting discounts and commissions, but before offering expenses. The Company used the net proceeds to purchase (1) 1,000,000 Common Units directly from i3 Verticals, LLC, and (2) 4,165,527 Common Units (including 673,764 Common Units due to the exercise of the underwriters' option to purchase additional shares in full) and an equivalent number of Class B common stock (which shares were then canceled) from certain Continuing Equity Owners, in each case at a price per Common Unit equal to the price per share paid by the underwriters for shares of our Class A common stock in the offering. i3 Verticals, LLC received $20,870 in net proceeds from the sale of Common Units to the Company, which it used to repay outstanding indebtedness. </span></div><div style="text-indent:-18pt;padding-left:36pt;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">As of December 31, 2019, i3 Verticals, Inc. owned 52.9% of the economic interest in i3 Verticals, LLC. </span></div><div style="text-indent:-18pt;padding-left:36pt;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">As of December 31, 2019, the Continuing Equity Owners owned Common Units in i3 Verticals, LLC representing approximately 47.1% of the economic interest in i3 Verticals, LLC, shares of Class A common stock in the Company representing approximately 0.8% of the economic interest and voting power in the Company, and shares of Class B common stock in i3 Verticals, Inc., representing approximately 47.1% of the voting power in the Company. </span></div><div style="text-indent:-18pt;padding-left:36pt;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">The Continuing Equity Owners who own Common Units in i3 Verticals, LLC may redeem at each of their options (subject in certain circumstances to time-based vesting requirements) their Common Units for, at the election of i3 Verticals, LLC, cash or newly-issued shares of the Company's Class A common stock. </span></div><div style="text-indent:-18pt;padding-left:36pt;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">Combining the Class A common stock and Class B common stock, the Continuing Equity Holders hold approximately 47.9% of the economic interest and voting power in i3 Verticals, Inc. </span></div><div style="text-indent:18pt;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">i3 Verticals, Inc. is the sole managing member of i3 Verticals, LLC and as a result, consolidates the financial results of i3 Verticals, LLC and reports a non-controlling interest representing the Common Units of i3 Verticals, LLC held by the Continuing Equity Owners. </span></div><div style="text-indent:18pt;margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">As the Reorganization Transactions are considered transactions between entities under common control, the financial statements retroactively reflect the accounts of i3 Verticals, LLC for periods prior to the IPO and Reorganization Transactions.</span></div>
CY2019Q4	us-gaap	Inventory Net InventoryNet	1574000	USD
CY2018Q4	us-gaap	Inventory Net InventoryNet	1294000	USD
CY2019Q4	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	41111000	USD
CY2018Q4	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	84868000	USD
CY2019Q4	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	41111000	USD
CY2018Q4	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	84868000	USD
CY2019Q3	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	10237000	USD
CY2019Q4	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	5389000	USD
CY2019Q4	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	5211000	USD
CY2019Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	10415000	USD
CY2019Q4	us-gaap	Capitalized Contract Cost Gross CapitalizedContractCostGross	2668000	USD
CY2019Q4	us-gaap	Capitalized Contract Cost Amortization CapitalizedContractCostAmortization	88000	USD
CY2019Q4	us-gaap	Use Of Estimates UseOfEstimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Such estimates include, but are not limited to, the value of purchase consideration paid and identifiable assets acquired and assumed in acquisitions, goodwill and intangible asset impairment review, determination of performance obligations for revenue recognition, loss reserves, assumptions used in the calculation of equity-based compensation and in the calculation of income taxes, and certain tax assets and liabilities as well as the related valuation allowances. Actual results could differ from those estimates.
CY2018Q4	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	233000	USD
CY2018Q4	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	55829000	USD
CY2019Q4	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	41111000	USD
CY2019Q4	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	0	USD
CY2019Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	5003000	USD
CY2019Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	30137000	USD
CY2019Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	4172000	USD
CY2019Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1753000	USD
CY2019Q4	us-gaap	Minority Interest MinorityInterest	65091000	USD
CY2019Q3	us-gaap	Goodwill Goodwill	168284000	USD
CY2019Q4	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	1871000	USD
CY2019Q4	us-gaap	Goodwill Goodwill	166413000	USD
CY2019Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	154835000	USD
CY2019Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	49997000	USD
CY2019Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	104838000	USD
CY2019Q4	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	154871000	USD
CY2019Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	49997000	USD
CY2019Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	104874000	USD
CY2019Q4	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	3194000	USD
CY2018Q4	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2802000	USD
CY2019Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	8973000	USD
CY2019Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	149000	USD
CY2018Q2	iiiv	Tax Receivable Agreement Percent Of Tax Benefits Payable To Continuing Equity Owners TaxReceivableAgreementPercentOfTaxBenefitsPayableToContinuingEquityOwners	0.85
CY2019Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	10642000	USD
CY2019Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	9497000	USD
CY2019Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	8451000	USD
CY2019Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	7841000	USD
CY2019Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	59434000	USD
CY2019Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	104838000	USD
CY2019Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	1746000	USD
CY2019Q3	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	1846000	USD
CY2019Q4	us-gaap	Long Term Debt LongTermDebt	132291000	USD
CY2019Q3	us-gaap	Long Term Debt LongTermDebt	139298000	USD
CY2019Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-152000	USD
CY2019Q4	us-gaap	Deferred Finance Costs Gross DeferredFinanceCostsGross	0	USD
CY2019Q4	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	100000	USD
CY2018Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	265000	USD
CY2018Q2	iiiv	Tax Receivable Agreement Percent Of Tax Benefits Retained TaxReceivableAgreementPercentOfTaxBenefitsRetained	0.15
CY2019Q4	us-gaap	Stock Redeemed Or Called During Period Shares StockRedeemedOrCalledDuringPeriodShares	0	shares
CY2019Q4	iiiv	Period Of Payment To Continuing Equity Owners PeriodOfPaymentToContinuingEquityOwners	P24Y
CY2018Q4	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	148	USD
CY2019Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	4240695	shares
CY2019Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	18.33
CY2019Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	159000	shares
CY2019Q4	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	23.92
CY2019Q4	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	103964	shares
CY2019Q4	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	15.17
CY2019Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	30665	shares
CY2019Q4	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	21.62
CY2019Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	4265066	shares
CY2019Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	18.60
CY2019Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	6.74
CY2019Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	4265066	shares
CY2019Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	758950	shares
CY2019Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	16500000	USD
CY2019Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y1M6D
CY2019Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1	1751000	USD
CY2019Q4	us-gaap	Operating Lease Expense OperatingLeaseExpense	741000	USD
CY2018Q4	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	493000	USD
CY2019Q4	us-gaap	Operating Leases Future Minimum Payments Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear	1912000	USD
CY2019Q4	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	2251000	USD
CY2019Q4	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	1987000	USD
CY2019Q4	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	1829000	USD
CY2019Q4	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	1315000	USD
CY2019Q4	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	1104000	USD
CY2019Q4	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	10398000	USD
CY2019Q4	us-gaap	Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear	2609000	USD
CY2019Q4	us-gaap	Purchase Obligation Due In Second Year PurchaseObligationDueInSecondYear	1457000	USD
CY2019Q4	us-gaap	Purchase Obligation Due In Third Year PurchaseObligationDueInThirdYear	2046000	USD
CY2019Q4	us-gaap	Purchase Obligation Due In Fourth Year PurchaseObligationDueInFourthYear	2646000	USD
CY2019Q4	us-gaap	Purchase Obligation Due In Fifth Year PurchaseObligationDueInFifthYear	243000	USD
CY2019Q4	us-gaap	Purchase Obligation Due After Fifth Year PurchaseObligationDueAfterFifthYear	0	USD
CY2019Q4	us-gaap	Purchase Obligation PurchaseObligation	9001000	USD
CY2018Q2	iiiv	Tax Receivable Agreement Percent Of Tax Benefits Payable To Continuing Equity Owners TaxReceivableAgreementPercentOfTaxBenefitsPayableToContinuingEquityOwners	0.85
CY2019Q4	us-gaap	Revenues Revenues	41111000	USD
CY2019Q4	us-gaap	Other Cost Of Operating Revenue OtherCostOfOperatingRevenue	12918000	USD
CY2019Q4	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	19287000	USD
CY2019Q4	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	4655000	USD
CY2019Q4	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	154000	USD
CY2019Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	4097000	USD
CY2019Q4	us-gaap	Gross Profit GrossProfit	33497000	USD
CY2019Q4	us-gaap	Assets Assets	347186000	USD
CY2019Q4	us-gaap	Goodwill Goodwill	166413000	USD
CY2018Q4	us-gaap	Revenues Revenues	84868000	USD
CY2018Q4	us-gaap	Revenues Revenues	84868000	USD
CY2018Q4	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	55829000	USD
CY2018Q4	us-gaap	Other Cost Of Operating Revenue OtherCostOfOperatingRevenue	9790000	USD
CY2018Q4	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	12516000	USD
CY2018Q4	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	3552000	USD
CY2018Q4	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	-349000	USD
CY2018Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	3530000	USD
CY2018Q4	us-gaap	Gross Profit GrossProfit	23088000	USD
CY2018Q4	us-gaap	Assets Assets	197192000	USD
CY2018Q4	us-gaap	Goodwill Goodwill	98486000	USD
CY2018Q4	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	8812630	shares
CY2018Q4	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1090538	shares
CY2018Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	9903168	shares
CY2018Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.02
CY2019Q4	us-gaap	Fair Value Of Assets Acquired FairValueOfAssetsAcquired	0	USD
CY2018Q4	us-gaap	Fair Value Of Assets Acquired FairValueOfAssetsAcquired	4000000	USD
CY2019Q4	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	0	USD
CY2018Q4	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	934000	USD

Files In Submission

Name	View Source	Status
0001728688-20-000027-index-headers.html	Edgar Link	pending
0001728688-20-000027-index.html	Edgar Link	pending
0001728688-20-000027.txt	Edgar Link	pending
0001728688-20-000027-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
i310qq1fy2020exhibit311.htm	Edgar Link	pending
i310qq1fy2020exhibit312.htm	Edgar Link	pending
i310qq1fy2020exhibit321.htm	Edgar Link	pending
i310qq1fy2020exhibit322.htm	Edgar Link	pending
iiiv-20191231.htm	Edgar Link	pending
iiiv-20191231.xsd	Edgar Link	pending
iiiv-20191231_cal.xml	Edgar Link	unprocessable
iiiv-20191231_def.xml	Edgar Link	unprocessable
iiiv-20191231_htm.xml	Edgar Link	completed
iiiv-20191231_lab.xml	Edgar Link	unprocessable
iiiv-20191231_pre.xml	Edgar Link	unprocessable
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report.css	Edgar Link	pending
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$IIIV
i3 Verticals, Inc. Stock $iiiv

2019 Q4 Form 10-Q Financial Statement

#000172868820000027 Filed on February 10, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IIIV i3 Verticals, Inc. Stock $iiiv

2019 Q4 Form 10-Q Financial Statement

#000172868820000027 Filed on February 10, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IIIV
i3 Verticals, Inc. Stock $iiiv