i3 Verticals, Inc(NASDAQ:IIIV)

i3 Verticals, Inc. provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, property management, and healthcare markets in the United States. It operates in two segments, Merchant Services, and Proprietary Sof...
Website: http://www.i3verticals.com
Founded: 2012
Full Time Employees: 740
Sector: Technology
Industry: Software-Infrastructure
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 57,518,000 | 52,671,000 | 54,901,000 | 51,901,000 | 63,059,000 | 61,691,000 | 60,864,000 | 56,037,000 | 94,542,000 | 91,990,000 | 96,407,000 | 93,931,000 | 93,872,000 | 86,029,000 | 85,250,000 | 80,553,000 | 78,120,000 | 73,939,000 | 70,984,000 | 61,964,000 | 47,863,000 | 43,313,000 | 38,272,000 | 31,573,000 | 39,178,000 | 41,111,000 | 108,562,000 | 97,483,000 | 85,394,000 | 84,868,000 | 84,053,000 | 84,536,000 |
yoy | -8.79% | -14.62% | -9.80% | -7.38% | -33.30% | -32.94% | -36.87% | -40.34% | 0.71% | 6.93% | 13.09% | 16.61% | 20.16% | 16.35% | 20.10% | 30.00% | 63.22% | 70.71% | 85.47% | 96.26% | 22.17% | 5.36% | -64.75% | -67.61% | -54.12% | -51.56% | 29.16% | 15.32% | ||||
qoq | 9.20% | -4.06% | 5.78% | -17.69% | 2.22% | 1.36% | 8.61% | -40.73% | 2.77% | -4.58% | 2.64% | 0.06% | 9.12% | 0.91% | 5.83% | 3.11% | 5.65% | 4.16% | 14.56% | 29.46% | 10.50% | 13.17% | 21.22% | -19.41% | -4.70% | -62.13% | 11.37% | 14.16% | 0.62% | 0.97% | -0.57% | |
operating expenses | ||||||||||||||||||||||||||||||||
costs of services | 17,138,000 | |||||||||||||||||||||||||||||||
selling, general and administrative | 29,058,000 | 26,989,000 | 28,881,000 | 33,018,000 | 28,687,000 | 28,900,000 | 44,842,000 | 45,033,000 | 54,162,000 | 53,532,000 | 40,908,250 | 55,426,000 | 57,204,000 | 51,003,000 | 35,719,500 | 47,775,000 | 48,716,000 | 46,387,000 | 23,192,250 | 37,296,000 | 30,511,000 | 14,551,500 | 18,133,000 | |||||||||
depreciation and amortization | 7,703,000 | 6,865,000 | 7,052,000 | 6,989,000 | 7,840,000 | 7,684,000 | 7,580,000 | 6,969,000 | 10,069,000 | 9,739,000 | 9,612,000 | 9,158,000 | 9,015,000 | 8,676,000 | 7,601,000 | 7,506,000 | 7,447,000 | 6,870,000 | 6,480,000 | 6,995,000 | 5,851,000 | 5,092,000 | 4,549,000 | 4,475,000 | 4,538,000 | 4,655,000 | 4,689,000 | 4,425,000 | 3,898,000 | 3,552,000 | 2,963,000 | 3,000,000 |
change in fair value of contingent consideration | -124,000 | -374,000 | -206,000 | -26,000 | 381,000 | 1,377,000 | -145,000 | -18,000 | -290,000 | -237,000 | 876,000 | 6,183,000 | 2,279,000 | 1,443,000 | -959,000 | 8,254,000 | 11,503,000 | 4,927,000 | 1,305,000 | 3,609,000 | 322,000 | 1,904,000 | 52,000 | -1,473,000 | -142,000 | 154,000 | 1,653,000 | -417,000 | 2,502,000 | -349,000 | 586,000 | 1,151,000 |
total operating expenses | 53,775,000 | 51,062,000 | 53,425,000 | 56,714,000 | 59,095,000 | 58,992,000 | 57,310,000 | 56,706,000 | 85,121,000 | 83,458,000 | 87,612,000 | 91,299,000 | 88,428,000 | 80,191,000 | 78,031,000 | 83,284,000 | 84,297,000 | 74,694,000 | 66,550,000 | 63,964,000 | 47,998,000 | 45,624,000 | 37,074,000 | 31,136,000 | 37,137,000 | 37,014,000 | 106,693,000 | 96,289,000 | 85,597,000 | 81,338,000 | 80,558,000 | 81,613,000 |
income from operations | 3,743,000 | 1,609,000 | 1,476,000 | -4,813,000 | 3,964,000 | 2,699,000 | 3,554,000 | -669,000 | 9,421,000 | 8,532,000 | 8,795,000 | 2,632,000 | 5,444,000 | 5,838,000 | 7,219,000 | -2,731,000 | -6,177,000 | -755,000 | 4,434,000 | -2,000,000 | -135,000 | -2,311,000 | 1,198,000 | 437,000 | 2,041,000 | 4,097,000 | 1,869,000 | 1,194,000 | -203,000 | 3,530,000 | 3,495,000 | 2,923,000 |
yoy | -5.58% | -40.39% | -58.47% | 619.43% | -57.92% | -68.37% | -59.59% | -125.42% | 73.05% | 46.15% | 21.83% | -196.37% | -188.13% | -873.25% | 62.81% | 36.55% | 4475.56% | -67.33% | 270.12% | -557.67% | -106.61% | -156.41% | -35.90% | -63.40% | -1105.42% | 16.06% | -46.52% | -59.15% | ||||
qoq | 132.63% | 9.01% | -130.67% | -221.42% | 46.87% | -24.06% | -631.24% | -107.10% | 10.42% | -2.99% | 234.16% | -51.65% | -6.75% | -19.13% | -364.34% | -55.79% | 718.15% | -117.03% | -321.70% | 1381.48% | -94.16% | -292.90% | 174.14% | -78.59% | -50.18% | 119.21% | 56.53% | -688.18% | -105.75% | 1.00% | 19.57% | |
operating margin % | 6.51% | 3.05% | 2.69% | -9.27% | 6.29% | 4.38% | 5.84% | -1.19% | 9.96% | 9.27% | 9.12% | 2.80% | 5.80% | 6.79% | 8.47% | -3.39% | -7.91% | -1.02% | 6.25% | -3.23% | -0.28% | -5.34% | 3.13% | 1.38% | 5.21% | 9.97% | 1.72% | 1.22% | -0.24% | 4.16% | 4.16% | 3.46% |
other expenses | -588,250 | |||||||||||||||||||||||||||||||
interest expense | 1,141,000 | 381,000 | 367,000 | 806,000 | 446,000 | 680,000 | 6,956,000 | 7,906,000 | 7,750,000 | 6,707,000 | 6,714,000 | 6,725,000 | 6,199,000 | 5,490,000 | 4,477,000 | 3,767,000 | 3,377,000 | 3,154,000 | 2,707,000 | 2,704,000 | 2,358,000 | 2,029,000 | 2,305,000 | 2,423,000 | 2,184,000 | 2,014,000 | 2,017,000 | 1,918,000 | 1,155,000 | 914,000 | 849,000 | 2,644,000 |
other income | -70,000 | -561,000 | -2,386,000 | -4,601,000 | -631,000 | -537,500 | -2,257,000 | -73,750 | -92,000 | -203,000 | -2,353,000 | |||||||||||||||||||||
total other expenses | 1,071,000 | -2,019,000 | -3,795,000 | -185,000 | -1,146,000 | 5,711,000 | 7,906,000 | 5,493,000 | 6,814,000 | 8,445,000 | 6,633,000 | 6,199,000 | 5,287,000 | 5,468,000 | 3,767,000 | 3,377,000 | 2,465,000 | 2,704,000 | 5,000 | 4,097,000 | 3,252,000 | 2,017,000 | 1,918,000 | 1,155,000 | 914,000 | 849,000 | 2,886,000 | |||||
income before income taxes | 2,672,000 | 1,789,000 | 3,495,000 | -1,018,000 | 4,149,000 | 3,845,000 | -2,157,000 | -8,575,000 | 3,928,000 | 1,718,000 | 350,000 | -4,001,000 | -755,000 | 551,000 | 1,751,000 | -6,498,000 | -9,554,000 | -3,909,000 | -140,000 | -4,340,000 | -2,899,000 | -2,815,000 | -143,000 | 2,083,000 | -148,000 | -724,000 | -1,358,000 | 2,616,000 | 2,646,000 | 37,000 | ||
provision for income taxes | 478,000 | 704,000 | 1,994,000 | -22,000 | 3,054,000 | 523,000 | -9,175,000 | 5,271,000 | 580,000 | 182,000 | -3,099,000 | 2,077,000 | -563,000 | 382,000 | 6,161,000 | -1,810,000 | 884,000 | -219,000 | -2,062,000 | 149,000 | -175,000 | -131,000 | -136,000 | 265,000 | -216,000 | 692,000 | ||||||
net income from continuing operations | 2,194,000 | 1,085,000 | 1,501,000 | -996,000 | 1,095,000 | 3,322,000 | 7,018,000 | -13,846,000 | ||||||||||||||||||||||||
net loss from discontinued operations, net of income taxes | ||||||||||||||||||||||||||||||||
net income | 2,194,000 | 947,000 | 4,201,000 | 18,425,000 | 769,000 | 3,108,000 | 178,544,000 | -8,298,000 | 3,348,000 | 1,536,000 | 3,449,000 | -6,078,000 | -192,000 | 169,000 | -4,410,000 | -4,688,000 | -10,438,000 | -3,681,000 | 930,000 | -4,594,000 | -53,000 | -4,121,000 | -2,022,000 | -2,810,000 | 1,919,000 | 1,934,000 | 27,000 | -593,000 | -1,222,000 | 2,351,000 | 2,862,000 | -655,000 |
yoy | 185.31% | -69.53% | -97.65% | -322.04% | -77.03% | 102.34% | 5076.69% | 36.53% | -1843.75% | 808.88% | -178.21% | 29.65% | -98.16% | -104.59% | -574.19% | 2.05% | 19594.34% | -10.68% | -145.99% | 63.49% | -102.76% | -313.08% | -7588.89% | 373.86% | -257.04% | -17.74% | -99.06% | -9.47% | ||||
qoq | 131.68% | -77.46% | -77.20% | 2295.97% | -75.26% | -98.26% | -2251.65% | -347.85% | 117.97% | -55.47% | -156.75% | 3065.63% | -213.61% | -103.83% | -5.93% | -55.09% | 183.56% | -495.81% | -120.24% | 8567.92% | -98.71% | 103.81% | -28.04% | -246.43% | -0.78% | 7062.96% | -104.55% | -51.47% | -151.98% | -17.85% | -536.95% | |
net income margin % | 3.81% | 1.80% | 7.65% | 35.50% | 1.22% | 5.04% | 293.35% | -14.81% | 3.54% | 1.67% | 3.58% | -6.47% | -0.20% | 0.20% | -5.17% | -5.82% | -13.36% | -4.98% | 1.31% | -7.41% | -0.11% | -9.51% | -5.28% | -8.90% | 4.90% | 4.70% | 0.02% | -0.61% | -1.43% | 2.77% | 3.40% | -0.77% |
net income from continuing operations attributable to non-controlling interest | 730,000 | 509,000 | 338,000 | -586,000 | 1,022,000 | 1,128,000 | ||||||||||||||||||||||||||
net loss from discontinued operations attributable to non-controlling interest | ||||||||||||||||||||||||||||||||
net income attributable to non-controlling interest | 730,000 | 463,000 | 1,112,000 | 5,543,000 | 923,000 | 1,052,000 | 60,634,000 | -753,000 | 1,470,000 | 438,000 | -228,000 | 409,000 | -3,065,000 | -54,000 | -1,286,000 | -493,000 | -1,549,000 | -1,371,000 | -2,454,000 | 1,182,000 | 2,083,000 | 957,000 | 598,000 | -120,000 | 2,173,000 | |||||||
net income from continuing operations attributable to i3 verticals, inc. | 1,464,000 | 576,000 | 1,163,000 | -410,000 | 73,000 | 2,194,000 | ||||||||||||||||||||||||||
net loss from discontinued operations attributable to i3 verticals, inc. | ||||||||||||||||||||||||||||||||
net income attributable to i3 verticals, inc. | 1,464,000 | 484,000 | 3,089,000 | 12,882,000 | -154,000 | 2,056,000 | 1,878,000 | 1,098,000 | 36,000 | -7,373,000 | -1,360,250 | -3,308,000 | 440,000 | 58,000 | -356,000 | 737,000 | -149,000 | -1,102,000 | 178,000 | 834,000 | -564,000 | |||||||||||
net income per share | ||||||||||||||||||||||||||||||||
basic | 0.07 | 0.02 | 0.05 | -0.02 | -0.01 | 0.09 | 0.32 | -0.49 | 0.08 | 0.05 | 0.19 | -0.22 | -0.01 | -0.15 | -0.17 | -0.33 | -0.11 | 0.05 | -0.15 | 0.02 | -0.13 | -0.05 | -0.02 | 0.05 | -0.01 | -0.06 | -0.12 | -0.12 | 0.02 | |||
diluted | 0.07 | 0.02 | 0.04 | -0.03 | -0.01 | 0.09 | 0.32 | -0.49 | 0.08 | 0.04 | 0.16 | -0.22 | -0.01 | -0.15 | -0.17 | -0.33 | -0.11 | 0.04 | -0.15 | -0.13 | -0.04 | -0.02 | 0.05 | -0.01 | -0.06 | -0.12 | -0.12 | 0.02 | ||||
weighted-average shares of class a common stock outstanding: | ||||||||||||||||||||||||||||||||
basic, for continuing operations | 21,798,840 | 23,675,075 | 1,536 | 24,345,826 | 23,834,233 | 23,551,352 | ||||||||||||||||||||||||||
diluted, for continuing operations | 30,582,587 | 25,091,754 | 247,203 | 32,983,325 | 24,133,738 | 34,057,196 | 5,834,899.5 | 23,420,811 | ||||||||||||||||||||||||
basic, for discontinued operations | 23,675,075 | 1,536 | 24,345,826 | 23,834,233 | 23,551,352 | |||||||||||||||||||||||||||
diluted, for discontinued operations | 32,056,756 | 2,417 | 24,345,826 | 23,834,233 | 23,551,352 | 97,337 | 33,707,331 | |||||||||||||||||||||||||
other costs of services | 17,582,000 | 17,698,000 | 16,733,000 | 22,187,000 | 21,031,000 | 5,033,000 | 4,722,000 | 21,180,000 | 20,424,000 | 21,021,000 | 20,532,000 | 19,930,000 | 19,069,000 | 20,477,000 | 19,749,000 | 16,631,000 | 16,510,000 | 16,662,000 | 16,064,000 | 11,314,000 | 13,666,000 | 12,356,000 | 10,001,000 | 11,955,000 | 12,918,000 | 12,823,000 | 11,431,000 | 10,193,000 | 9,790,000 | 10,195,000 | 11,061,000 | |
total other income | -180,000 | |||||||||||||||||||||||||||||||
net income from discontinued operations, net of income taxes | -138,000 | 2,700,000 | 19,421,000 | -326,000 | -214,000 | 171,526,000 | 5,548,000 | |||||||||||||||||||||||||
net income from discontinued operations attributable to non-controlling interest | -46,000 | 774,000 | 6,129,000 | -99,000 | -76,000 | 61,114,000 | 1,663,000 | |||||||||||||||||||||||||
net income from discontinued operations attributable to i3 verticals, inc. | -92,000 | 1,926,000 | 13,292,000 | -227,000 | -138,000 | 110,412,000 | 3,885,000 | |||||||||||||||||||||||||
other expense | -1,826,000 | 107,000 | 1,792,000 | 829,000 | ||||||||||||||||||||||||||||
net loss from continuing operations attributable to non-controlling interest | -480,000 | -2,416,000 | ||||||||||||||||||||||||||||||
net loss from continuing operations attributable to i3 verticals, inc. | 7,498,000 | -11,430,000 | ||||||||||||||||||||||||||||||
net loss attributable to i3 verticals, inc. | -1,142,250 | -7,545,000 | 4,548,000 | -5,155,000 | -240,000 | -3,473,000 | -3,728,000 | -2,528,000 | -2,572,000 | |||||||||||||||||||||||
net income per share | ||||||||||||||||||||||||||||||||
basic | 0.07 | 0.02 | 0.05 | -0.02 | -0.01 | 0.09 | 0.32 | -0.49 | 0.08 | 0.05 | 0.19 | -0.22 | -0.01 | -0.15 | -0.17 | -0.33 | -0.11 | 0.05 | -0.15 | 0.02 | -0.13 | -0.05 | -0.02 | 0.05 | -0.01 | -0.06 | -0.12 | -0.12 | 0.02 | |||
diluted | 0.07 | 0.02 | 0.04 | -0.03 | -0.01 | 0.09 | 0.32 | -0.49 | 0.08 | 0.04 | 0.16 | -0.22 | -0.01 | -0.15 | -0.17 | -0.33 | -0.11 | 0.04 | -0.15 | -0.13 | -0.04 | -0.02 | 0.05 | -0.01 | -0.06 | -0.12 | -0.12 | 0.02 | ||||
basic and diluted | -0.05 | -0.32 | ||||||||||||||||||||||||||||||
weighted-average shares of class a common stock outstanding: | ||||||||||||||||||||||||||||||||
basic | 23,420,811 | 23,331,239 | 23,267,290 | 23,137,586 | 23,179,638 | 23,135,898 | 22,998,608 | 22,249,656 | 22,229,787 | 22,076,297 | 22,042,801 | 20,994,598 | 21,926,225 | 20,940,725 | 19,129,056 | 14,833,378 | 14,858,858 | 14,456,970 | 14,233,785 | 10,490,981 | 10,064,785 | 8,887,050 | 8,812,630 | 8,812,630 | 8,812,630 | |||||||
weighted-average shares of class a common stock outstanding: | ||||||||||||||||||||||||||||||||
basic | 23,420,811 | 23,331,239 | 23,267,290 | 23,137,586 | 23,179,638 | 23,135,898 | 22,998,608 | 22,249,656 | 22,229,787 | 22,076,297 | 22,042,801 | 20,994,598 | 21,926,225 | 20,940,725 | 19,129,056 | 14,833,378 | 14,858,858 | 14,456,970 | 14,233,785 | 10,490,981 | 10,064,785 | 8,887,050 | 8,812,630 | 8,812,630 | 8,812,630 | |||||||
diluted | 23,718,474 | 33,828,461 | 33,246,833 | 23,179,638 | 34,269,140 | 22,998,608 | 22,249,656 | 22,229,787 | 22,076,297 | 22,042,801 | 31,714,191 | 21,926,225 | 33,404,983 | 19,129,056 | 27,429,801 | 14,858,858 | 16,106,757 | 14,233,785 | 10,490,981 | 10,064,785 | 8,887,050 | 9,903,168 | 26,873,878 | 8,812,630 | ||||||||
net loss attributable to non-controlling interest | -1,099,000 | -923,000 | -937,000 | -960,000 | -1,153,000 | -22,750 | -91,000 | |||||||||||||||||||||||||
benefit from income taxes | -228,000 | -104,000 | -110,000 | -87,000 | -479,500 | -5,000 | ||||||||||||||||||||||||||
(loss) before income taxes | -2,296,250 | -4,704,000 | ||||||||||||||||||||||||||||||
selling general and administrative | 24,962,000 | 20,786,000 | 19,287,000 | 18,438,000 | 17,587,000 | 14,319,000 | 12,516,000 | 10,848,000 | 10,696,000 | |||||||||||||||||||||||
interchange and network fees | 69,090,000 | 63,263,000 | 54,685,000 | 55,829,000 | 55,966,000 | 55,705,000 | ||||||||||||||||||||||||||
change in fair value of warrant liability | 242,000 | |||||||||||||||||||||||||||||||
net (loss) attributable to i3 verticals, inc. | -528,750 | -1,191,000 | ||||||||||||||||||||||||||||||
net loss attributable to class a common stock per share: | ||||||||||||||||||||||||||||||||
basic | -0.003 | -0.01 | ||||||||||||||||||||||||||||||
diluted | -0.003 | -0.01 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||
cash and cash equivalents | 7,142,000 | 37,523,000 | 66,672,000 | 55,544,000 | 7,749,000 | 85,552,000 | 86,541,000 | 9,745,000 | 3,139,000 | 4,159,000 | 3,112,000 | 5,043,000 | 3,977,000 | 3,609,000 | 3,490,000 | 9,046,000 | 6,340,000 | 3,371,000 | 3,641,000 | 4,653,000 | 2,352,000 | 10,879,000 | 15,568,000 | 9,136,000 | 1,591,000 | 335,000 | 1,119,000 | 1,509,000 | 1,393,000 | 887,000 | 572,000 | 2,473,000 |
accounts receivable | 55,284,000 | 47,812,000 | 58,467,000 | 49,445,000 | 56,716,000 | 51,342,000 | 55,988,000 | 48,655,000 | 66,539,000 | 68,226,000 | 65,110,000 | 60,781,000 | 56,946,000 | 52,653,000 | 53,334,000 | 43,653,000 | 42,585,000 | 39,794,000 | 38,500,000 | 28,914,000 | 24,599,000 | 23,786,000 | 17,538,000 | 16,350,000 | 13,515,000 | 14,412,000 | 15,335,000 | 13,173,000 | 11,703,000 | 10,374,000 | 12,500,000 | 7,955,000 |
settlement assets | 220,000 | 1,400,000 | 411,000 | 18,000 | 67,000 | 1,205,000 | 632,000 | 1,355,000 | 1,586,000 | 3,518,000 | 4,873,000 | 10,793,000 | 7,185,000 | 11,786,000 | 7,540,000 | 6,365,000 | 7,272,000 | 8,034,000 | 4,768,000 | 4,963,000 | 6,056,000 | 84,000 | 439,000 | 439,000 | 930,000 | 863,000 | 439,000 | |||||
prepaid expenses and other current assets | 15,564,000 | 13,654,000 | 12,075,000 | 12,770,000 | 15,467,000 | 15,006,000 | 10,232,000 | 11,279,000 | 15,802,000 | 14,218,000 | 12,449,000 | 20,057,000 | 21,736,000 | 23,133,000 | 19,445,000 | 14,084,000 | 15,250,000 | 15,614,000 | 11,214,000 | 10,755,000 | 9,983,000 | 9,747,000 | 4,869,000 | 5,789,000 | 4,662,000 | 5,003,000 | 4,117,000 | 4,940,000 | 3,246,000 | 3,278,000 | 2,630,000 | 2,336,000 |
total current assets | 78,210,000 | 100,389,000 | 137,625,000 | 117,777,000 | 79,999,000 | 153,105,000 | 153,393,000 | 308,036,000 | 87,066,000 | 90,121,000 | 85,544,000 | 96,674,000 | 89,844,000 | 91,181,000 | 83,809,000 | 73,148,000 | 71,447,000 | 66,813,000 | 58,123,000 | 49,285,000 | 42,990,000 | 44,496,000 | 37,975,000 | 31,275,000 | 19,768,000 | 19,750,000 | 20,571,000 | 20,061,000 | 16,781,000 | 15,469,000 | 16,565,000 | 13,203,000 |
property and equipment | 6,023,000 | 6,319,000 | 7,181,000 | 7,342,000 | 7,555,000 | 7,583,000 | 8,677,000 | 8,928,000 | 11,002,000 | 11,142,000 | 12,308,000 | 12,123,000 | 12,206,000 | 11,828,000 | 5,670,000 | 5,418,000 | 5,625,000 | 5,705,000 | 5,902,000 | 5,971,000 | 5,929,000 | 5,946,000 | 5,339,000 | 5,506,000 | 5,035,000 | 5,129,000 | 5,026,000 | 3,835,000 | 3,055,000 | 3,111,000 | 2,958,000 | 2,227,000 |
restricted cash | 2,755,000 | 250,000 | 250,000 | 250,000 | 2,450,000 | 2,450,000 | 2,424,000 | 2,396,000 | 2,568,000 | 3,407,000 | 4,415,000 | 4,366,000 | 11,171,000 | 8,944,000 | 12,735,000 | 14,705,000 | 13,701,000 | 15,306,000 | 9,522,000 | 10,602,000 | 10,090,000 | 8,569,000 | 5,033,000 | 1,550,000 | 1,581,000 | 1,932,000 | 2,081,000 | 1,616,000 | 666,000 | 666,000 | 665,000 | 665,000 |
capitalized software | 52,267,000 | 46,930,000 | 48,314,000 | 49,893,000 | 55,175,000 | 57,249,000 | 58,592,000 | 56,634,000 | 61,345,000 | 62,153,000 | 62,577,000 | 65,459,000 | 65,114,000 | 64,831,000 | 52,341,000 | 51,764,000 | 50,913,000 | 50,783,000 | 41,371,000 | 41,387,000 | 39,163,000 | 23,907,000 | 16,989,000 | 14,340,000 | 14,472,000 | 14,779,000 | 15,454,000 | 14,999,000 | 7,041,000 | 6,482,000 | 3,372,000 | 3,352,000 |
goodwill | 282,284,000 | 248,469,000 | 248,469,000 | 248,195,000 | 280,678,000 | 280,678,000 | 280,678,000 | 269,192,000 | 410,772,000 | 410,772,000 | 409,563,000 | 409,042,000 | 409,042,000 | 398,798,000 | 353,639,000 | 353,882,000 | 349,454,000 | 349,597,000 | 292,243,000 | 284,251,000 | 263,365,000 | 219,912,000 | 187,005,000 | 167,054,000 | 167,054,000 | 166,413,000 | 168,284,000 | 165,865,000 | 104,651,000 | 98,486,000 | 83,954,000 | 80,166,000 |
intangible assets | 156,805,000 | 132,938,000 | 135,797,000 | 138,708,000 | 156,331,000 | 159,574,000 | 162,816,000 | 154,039,000 | 221,145,000 | 225,296,000 | 226,952,000 | 224,588,000 | 229,612,000 | 227,217,000 | 195,919,000 | 200,454,000 | 203,143,000 | 207,739,000 | 171,706,000 | 178,881,000 | 165,145,000 | 132,824,000 | 109,233,000 | 99,884,000 | 102,837,000 | 104,874,000 | 107,419,000 | 106,468,000 | 82,661,000 | 71,224,000 | 66,023,000 | 65,759,000 |
deferred tax asset | 47,842,000 | 48,378,000 | 49,058,000 | 49,092,000 | 49,778,000 | 48,481,000 | 48,445,000 | 50,307,000 | 51,591,000 | 52,332,000 | 52,514,000 | 42,715,000 | 44,783,000 | 43,788,000 | 43,458,000 | 51,698,000 | 48,764,000 | 50,647,000 | 49,992,000 | 51,247,000 | 51,277,000 | 44,966,000 | 36,755,000 | 35,671,000 | 35,334,000 | 30,137,000 | 28,138,000 | 28,344,000 | ||||
operating lease right-of-use assets | 4,485,000 | 4,473,000 | 4,577,000 | 5,159,000 | 7,807,000 | 7,942,000 | 8,954,000 | 9,564,000 | 12,806,000 | 12,717,000 | 13,922,000 | 14,885,000 | 15,460,000 | 17,272,000 | 17,678,000 | 18,790,000 | 19,892,000 | 20,369,000 | 14,479,000 | 14,483,000 | 14,821,000 | 10,560,000 | ||||||||||
other assets | 5,749,000 | 7,785,000 | 7,140,000 | 6,858,000 | 6,586,000 | 9,167,000 | 6,696,000 | 2,626,000 | 7,247,000 | 8,996,000 | 13,698,000 | 5,972,000 | 5,794,000 | 5,590,000 | 5,063,000 | 10,565,000 | 9,717,000 | 9,477,000 | 8,462,000 | 8,495,000 | 10,039,000 | 6,509,000 | 5,197,000 | 5,193,000 | 5,101,000 | 4,172,000 | 2,329,000 | 2,057,000 | 3,644,000 | 1,754,000 | 1,605,000 | 1,308,000 |
total assets | 636,420,000 | 595,931,000 | 638,411,000 | 623,274,000 | 646,359,000 | 726,229,000 | 730,675,000 | 861,722,000 | 865,542,000 | 876,936,000 | 881,493,000 | 875,824,000 | 883,026,000 | 869,449,000 | 770,312,000 | 780,424,000 | 772,656,000 | 776,436,000 | 651,800,000 | 644,602,000 | 602,819,000 | 497,689,000 | 403,526,000 | 360,473,000 | 351,182,000 | 347,186,000 | 349,302,000 | 343,245,000 | 218,499,000 | 197,192,000 | 175,142,000 | 166,680,000 |
liabilities and equity | ||||||||||||||||||||||||||||||||
liabilities | ||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||
accounts payable | 3,630,000 | 4,112,000 | 6,248,000 | 4,497,000 | 4,319,000 | 7,402,000 | 5,370,000 | 5,955,000 | 11,996,000 | 9,711,000 | 11,064,000 | 8,296,000 | 7,916,000 | 8,414,000 | 9,342,000 | 8,083,000 | 9,331,000 | 8,264,000 | 7,865,000 | 6,415,000 | 4,871,000 | 6,348,000 | 3,845,000 | 4,559,000 | 3,520,000 | 4,530,000 | 3,438,000 | 7,409,000 | 3,359,000 | 3,388,000 | 4,114,000 | 3,666,000 |
accrued expenses and other current liabilities | 20,025,000 | 20,743,000 | 24,525,000 | 21,915,000 | 22,733,000 | 82,997,000 | 89,972,000 | 22,827,000 | 26,854,000 | 33,081,000 | 37,740,000 | 46,505,000 | 55,407,000 | 50,967,000 | 57,833,000 | 63,883,000 | 71,384,000 | 93,695,000 | 50,815,000 | 45,905,000 | 42,357,000 | 26,750,000 | 24,064,000 | 15,465,000 | 17,884,000 | 21,205,000 | 21,560,000 | 15,622,000 | 15,588,000 | 15,371,000 | 11,538,000 | 13,385,000 |
settlement obligations | 220,000 | 1,400,000 | 411,000 | 18,000 | 67,000 | 1,205,000 | 632,000 | 1,355,000 | 1,586,000 | 3,518,000 | 4,873,000 | 10,793,000 | 7,185,000 | 11,786,000 | 7,540,000 | 6,365,000 | 7,272,000 | 8,034,000 | 4,768,000 | 4,963,000 | 6,056,000 | 84,000 | 439,000 | 439,000 | 930,000 | 863,000 | 439,000 | |||||
deferred revenue | 32,909,000 | 34,198,000 | 37,678,000 | 29,758,000 | 37,229,000 | 42,259,000 | 39,029,000 | 29,497,000 | 36,931,000 | 39,163,000 | 35,275,000 | 26,792,000 | 33,542,000 | 37,381,000 | 31,975,000 | 22,641,000 | 30,088,000 | 35,321,000 | 29,862,000 | 20,118,000 | 22,426,000 | 23,868,000 | 10,986,000 | 9,714,000 | 9,613,000 | 10,376,000 | 10,237,000 | 4,916,000 | 4,413,000 | 4,614,000 | 4,927,000 | 2,018,000 |
current portion of operating lease liabilities | 1,786,000 | 1,806,000 | 1,827,000 | 2,023,000 | 3,340,000 | 3,345,000 | 3,505,000 | 3,477,000 | 4,421,000 | 4,292,000 | 4,509,000 | 4,598,000 | 4,630,000 | 4,724,000 | 4,568,000 | 4,624,000 | 4,680,000 | 4,471,000 | 3,201,000 | 3,185,000 | 3,056,000 | 2,813,000 | ||||||||||
total current liabilities | 58,570,000 | 62,259,000 | 70,689,000 | 58,211,000 | 67,688,000 | 163,431,000 | 164,731,000 | 103,287,000 | 108,011,000 | 180,542,000 | 93,461,000 | 96,984,000 | 108,680,000 | 113,272,000 | 111,258,000 | 105,596,000 | 122,755,000 | 149,785,000 | 96,511,000 | 80,586,000 | 78,766,000 | 59,863,000 | 38,895,000 | 29,738,000 | 31,017,000 | 36,111,000 | 35,235,000 | 28,386,000 | 28,799,000 | 29,303,000 | 26,442,000 | 24,508,000 |
long-term debt, less current portion | 81,000,000 | 12,000,000 | ||||||||||||||||||||||||||||||
long-term tax receivable agreement obligations | 32,379,000 | 32,386,000 | 32,191,000 | 35,117,000 | 33,526,000 | 29,326,000 | 29,347,000 | 40,441,000 | 40,323,000 | 40,079,000 | 40,079,000 | 40,894,000 | 40,894,000 | 40,811,000 | 40,812,000 | 39,866,000 | 39,493,000 | 39,204,000 | 39,122,000 | 39,626,000 | 39,626,000 | 34,299,000 | 27,565,000 | 25,933,000 | 25,773,000 | 23,204,000 | 23,204,000 | 23,904,000 | ||||
operating lease liabilities, less current portion | 2,826,000 | 2,791,000 | 2,964,000 | 3,367,000 | 4,721,000 | 5,423,000 | 6,317,000 | 6,949,000 | 9,362,000 | 9,417,000 | 10,433,000 | 11,284,000 | 11,757,000 | 13,413,000 | 13,994,000 | 15,021,000 | 16,024,000 | 16,587,000 | 11,960,000 | 11,948,000 | 12,382,000 | 8,309,000 | ||||||||||
other long-term liabilities | 23,409,000 | 15,154,000 | 14,844,000 | 15,458,000 | 14,765,000 | 16,915,000 | 14,921,000 | 17,238,000 | 18,354,000 | 21,991,000 | 24,143,000 | 24,151,000 | 24,417,000 | 21,289,000 | 9,540,000 | 21,522,000 | 19,504,000 | 20,677,000 | 14,011,000 | 17,670,000 | 12,138,000 | 12,388,000 | 6,140,000 | 3,260,000 | 4,385,000 | 7,385,000 | 9,124,000 | 12,932,000 | 4,724,000 | 4,314,000 | 4,726,000 | 4,341,000 |
total liabilities | 198,184,000 | 112,590,000 | 120,688,000 | 112,153,000 | 132,700,000 | 215,095,000 | 215,316,000 | 515,807,000 | 519,442,000 | 539,780,000 | 553,197,000 | 562,882,000 | 571,215,000 | 565,991,000 | 462,624,000 | 489,932,000 | 485,161,000 | 483,383,000 | 362,209,000 | 362,474,000 | 321,354,000 | 256,256,000 | 163,358,000 | 193,045,000 | 184,401,000 | 198,991,000 | 206,861,000 | 202,867,000 | 103,764,000 | 82,626,000 | 62,944,000 | 58,392,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||
stockholders' equity | ||||||||||||||||||||||||||||||||
preferred stock, par value 0.0001... | ||||||||||||||||||||||||||||||||
class a common stock, par value 0.0001... | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
class b common stock, par value 0.0001... | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 2,000 | 2,000 | 2,000 | 2,000 |
additional paid-in capital | 197,160,000 | 239,749,000 | 268,111,000 | 282,872,000 | 272,532,000 | 267,176,000 | 259,242,000 | 254,562,000 | 239,917,000 | 234,442,000 | 228,016,000 | 226,269,000 | 220,201,000 | 216,604,000 | 207,697,000 | 203,803,000 | 107,654,000 | |||||||||||||||
accumulated earnings | 120,218,000 | 118,754,000 | 118,270,000 | 115,181,000 | 102,299,000 | 102,453,000 | 100,397,000 | 914,000 | 736,000 | -98,000 | ||||||||||||||||||||||
total stockholders' equity | 317,381,000 | 358,506,000 | 389,583,000 | 383,295,000 | 385,174,000 | 374,988,000 | 379,735,000 | 249,666,000 | 249,277,000 | 242,719,000 | 236,747,000 | 222,428,000 | 222,108,000 | 215,646,000 | 218,379,000 | 206,163,000 | 203,823,000 | 207,599,000 | 204,760,000 | 200,237,000 | 199,651,000 | 164,505,000 | 155,578,000 | 106,284,000 | 103,108,000 | 83,104,000 | 80,073,000 | 78,967,000 | 41,099,000 | 40,430,000 | ||
non-controlling interest | 120,855,000 | 124,835,000 | 128,140,000 | 127,826,000 | 128,485,000 | 136,146,000 | 135,624,000 | 96,249,000 | 96,823,000 | 94,437,000 | 91,549,000 | 90,514,000 | 89,703,000 | 87,812,000 | 89,309,000 | 84,329,000 | 83,672,000 | 85,454,000 | 84,831,000 | 81,891,000 | 81,814,000 | 76,928,000 | 84,590,000 | 61,144,000 | 63,673,000 | 65,091,000 | 62,368,000 | 61,411,000 | 73,636,000 | 74,136,000 | 72,897,000 | 70,869,000 |
total equity | 438,236,000 | 483,341,000 | 517,723,000 | 511,121,000 | 513,659,000 | 511,134,000 | 515,359,000 | 345,915,000 | 346,100,000 | 337,156,000 | 328,296,000 | 312,942,000 | 311,811,000 | 303,458,000 | 307,688,000 | 290,492,000 | 287,495,000 | 293,053,000 | 289,591,000 | 282,128,000 | 281,465,000 | 241,433,000 | 240,168,000 | 167,428,000 | 166,781,000 | 148,195,000 | 142,441,000 | 140,378,000 | 114,735,000 | 114,566,000 | 112,198,000 | 108,288,000 |
total liabilities and equity | 636,420,000 | 595,931,000 | 638,411,000 | 623,274,000 | 646,359,000 | 726,229,000 | 730,675,000 | 861,722,000 | 865,542,000 | 876,936,000 | 881,493,000 | 875,824,000 | 883,026,000 | 869,449,000 | 770,312,000 | 780,424,000 | 772,656,000 | 776,436,000 | 651,800,000 | 644,602,000 | 602,819,000 | 497,689,000 | 403,526,000 | |||||||||
current assets held for sale | 237,002,000 | |||||||||||||||||||||||||||||||
long-term assets held for sale | ||||||||||||||||||||||||||||||||
current portion of long-term debt | 26,223,000 | 26,223,000 | 26,223,000 | 26,223,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | ||||||||||||||||||||||||
current liabilities held for sale | 13,953,000 | |||||||||||||||||||||||||||||||
long-term liabilities held for sale | ||||||||||||||||||||||||||||||||
additional paid-in-capital | 271,310,000 | 279,335,000 | 249,688,000 | 241,958,000 | 211,237,000 | 169,097,000 | 157,598,000 | 104,122,000 | 84,855,000 | 82,380,000 | 80,344,000 | 41,284,000 | 39,513,000 | 38,562,000 | 37,514,000 | |||||||||||||||||
long-term debt, less current portion and debt issuance costs | 347,892,000 | 343,392,000 | 287,751,000 | 385,081,000 | 389,569,000 | 385,467,000 | 377,206,000 | 287,020,000 | 307,927,000 | 287,385,000 | 257,130,000 | 200,605,000 | 212,644,000 | 178,442,000 | 141,397,000 | 90,758,000 | 134,114,000 | 123,226,000 | 132,291,000 | 139,298,000 | 137,645,000 | 70,241,000 | 49,009,000 | 31,776,000 | 29,543,000 | |||||||
accumulated deficit | -17,513,000 | -9,968,000 | -11,846,000 | -12,944,000 | -17,492,000 | -12,337,000 | -12,373,000 | -23,582,000 | -20,109,000 | -16,381,000 | -9,008,000 | -6,480,000 | -4,595,000 | -2,023,000 | -1,753,000 | |||||||||||||||||
current portion of long term debt | 90,777,000 | |||||||||||||||||||||||||||||||
accumulated (deficit) earnings | -7,463,000 | -4,155,000 | -1,372,000 | -1,016,000 | -2,309,000 | -1,379,000 | -188,000 | |||||||||||||||||||||||||
total liabilities and stockholders' equity | 360,473,000 | 351,182,000 | 347,186,000 | 349,302,000 | 343,245,000 | 218,499,000 | 197,192,000 | |||||||||||||||||||||||||
liabilities, redeemable class a units and equity | ||||||||||||||||||||||||||||||||
redeemable class a units; 0 and 4,900,000 units authorized, issued and outstanding as of september 30, 2018 and september 30, 2017, respectively | ||||||||||||||||||||||||||||||||
stockholders' / members' equity | ||||||||||||||||||||||||||||||||
members' equity | ||||||||||||||||||||||||||||||||
total stockholders' / members' equity | 39,301,000 | 37,419,000 | ||||||||||||||||||||||||||||||
total liabilities, redeemable class a units and members' / stockholders' equity | 175,142,000 | 166,680,000 | ||||||||||||||||||||||||||||||
redeemable class a units; 0 and 4,900,000 units authorized, issued and outstanding as of june 30, 2018 and september 30, 2017, respectively |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||
net income | 2,194,000 | 947,000 | 4,201,000 | 18,425,000 | 769,000 | 3,108,000 | 3,348,000 | 1,536,000 | 169,000 | 930,000 | -4,595,000 | -53,000 | -4,121,000 | -2,022,000 | -2,810,000 | 1,919,000 | 1,934,000 | 27,000 | -593,000 | -1,222,000 | 2,351,000 | 2,862,000 | |||||||||
adjustments to reconcile net income from operating activities: | |||||||||||||||||||||||||||||||
depreciation and amortization | 7,703,000 | 6,865,000 | 7,052,000 | 7,264,000 | 7,840,000 | 7,684,000 | 7,580,000 | 10,057,000 | 10,069,000 | 9,739,000 | 9,612,000 | 9,158,000 | 9,015,000 | 8,676,000 | 7,601,000 | 7,506,000 | 7,447,000 | 6,870,000 | 6,480,000 | 6,995,000 | 5,851,000 | 5,092,000 | 4,549,000 | 4,475,000 | 4,538,000 | 4,655,000 | 4,689,000 | 4,425,000 | 3,898,000 | 3,552,000 | 2,963,000 |
equity-based compensation | 4,619,000 | 5,178,000 | 3,202,000 | 7,396,000 | 3,932,000 | 3,814,000 | 8,951,000 | 5,102,000 | 5,777,000 | 6,508,000 | 7,032,000 | 7,198,000 | 6,802,000 | 6,846,000 | 6,550,000 | 6,799,000 | 6,257,000 | 6,624,000 | 8,166,000 | 5,111,000 | 4,142,000 | 3,441,000 | 3,002,000 | 2,816,000 | 2,510,000 | 2,124,000 | 2,002,000 | 1,808,000 | 1,363,000 | 951,000 | 750,000 |
amortization of debt issuance costs | 215,000 | 216,000 | 216,000 | 250,000 | 280,000 | 221,000 | |||||||||||||||||||||||||
provision for deferred income taxes | 796,000 | -71,000 | 1,330,000 | 1,785,000 | 2,574,000 | -715,000 | -3,644,000 | -219,000 | -134,000 | ||||||||||||||||||||||
adjustments to gain on sale of merchant services business | |||||||||||||||||||||||||||||||
non-cash lease expense | 526,000 | 539,000 | 582,000 | 771,000 | 298,000 | 864,000 | 937,000 | 1,185,000 | 1,165,000 | 1,184,000 | 1,219,000 | 1,175,000 | 1,226,000 | 1,063,000 | 1,238,000 | 1,238,000 | 1,241,000 | 1,205,000 | 876,000 | 810,000 | 824,000 | 694,000 | |||||||||
changes in non-cash contingent consideration expense from original estimate | -124,000 | -374,000 | -15,000 | 381,000 | 1,377,000 | -18,000 | -290,000 | -237,000 | |||||||||||||||||||||||
other non-cash adjustments to net income | 1,297,000 | 524,000 | 401,000 | 402,000 | -46,000 | -320,000 | 553,000 | 125,000 | 155,000 | 513,000 | 600,000 | 37,000 | 407,000 | 502,000 | |||||||||||||||||
changes in operating assets: | |||||||||||||||||||||||||||||||
accounts receivable | -7,454,000 | 10,256,000 | -9,366,000 | 1,930,000 | -1,328,000 | 1,353,000 | 2,007,000 | 2,057,000 | 10,838,000 | -5,321,000 | -10,618,000 | -3,536,000 | -2,371,000 | 8,868,000 | -10,971,000 | -1,956,000 | -2,216,000 | -628,000 | -8,076,000 | -4,254,000 | 2,486,000 | -1,094,000 | -239,000 | -2,876,000 | 869,000 | 1,218,000 | -1,328,000 | 950,000 | 697,000 | 2,111,000 | -4,526,000 |
prepaid expenses and other current assets | -1,825,000 | -1,586,000 | -1,260,000 | 2,223,000 | 1,634,000 | -4,779,000 | 795,000 | 1,987,000 | -1,612,000 | -1,773,000 | 1,730,000 | 1,660,000 | 1,452,000 | -3,312,000 | -894,000 | 1,383,000 | 423,000 | -4,541,000 | -2,613,000 | 3,076,000 | -51,000 | -1,976,000 | 864,000 | -1,231,000 | 230,000 | -847,000 | 962,000 | -1,195,000 | 44,000 | -628,000 | -416,000 |
other assets | 1,759,000 | -918,000 | -994,000 | -569,000 | -610,000 | 156,000 | -597,000 | -274,000 | -7,444,000 | 6,642,000 | -885,000 | -270,000 | -397,000 | -313,000 | 640,000 | -750,000 | -210,000 | -877,000 | -3,139,000 | 1,560,000 | -1,177,000 | -1,298,000 | -145,000 | -91,000 | -931,000 | -377,000 | -400,000 | -1,110,000 | -1,136,000 | -123,000 | -188,000 |
changes in operating liabilities: | |||||||||||||||||||||||||||||||
accounts payable | -482,000 | -2,136,000 | 1,682,000 | 343,000 | -2,827,000 | 1,807,000 | -2,822,000 | -1,311,000 | 2,621,000 | -1,725,000 | 2,785,000 | 373,000 | -537,000 | -947,000 | 1,295,000 | -1,247,000 | 1,070,000 | 419,000 | 2,693,000 | 1,151,000 | -2,464,000 | 2,503,000 | -750,000 | 1,099,000 | -1,070,000 | 960,000 | -4,257,000 | 3,244,000 | -29,000 | -726,000 | 448,000 |
accrued expenses and other current liabilities | 1,805,000 | -4,710,000 | 5,370,000 | 3,389,000 | -34,940,000 | -5,899,000 | 34,692,000 | 1,903,000 | -8,087,000 | -534,000 | 1,866,000 | 3,461,000 | 2,744,000 | -7,753,000 | 1,967,000 | 5,049,000 | -804,000 | 6,818,000 | -1,942,000 | 3,135,000 | 12,756,000 | -3,496,000 | 4,471,000 | -432,000 | 239,000 | -2,703,000 | 2,188,000 | -1,468,000 | 406,000 | 446,000 | -896,000 |
acquisition escrow obligations | 0 | -2,200,000 | 29,000 | 28,000 | -839,000 | -1,009,000 | 51,000 | -6,806,000 | |||||||||||||||||||||||
deferred revenue | -1,523,000 | -862,000 | 5,828,000 | -6,567,000 | -4,863,000 | 3,833,000 | 5,167,000 | -5,398,000 | -1,836,000 | 4,093,000 | 8,000,000 | -6,691,000 | -4,877,000 | 2,249,000 | 9,366,000 | -7,641,000 | -5,123,000 | 5,439,000 | 5,111,000 | -5,496,000 | -2,335,000 | 7,870,000 | 1,071,000 | 118,000 | -750,000 | 178,000 | 5,221,000 | -1,021,000 | -735,000 | -877,000 | 2,910,000 |
operating lease liabilities | -523,000 | -622,000 | -599,000 | -785,000 | -870,000 | -906,000 | -1,093,000 | -1,146,000 | -1,152,000 | -1,212,000 | -1,191,000 | -1,105,000 | -1,170,000 | -1,064,000 | -1,209,000 | -1,195,000 | -1,169,000 | -1,180,000 | -828,000 | -777,000 | -752,000 | -782,000 | |||||||||
other long-term liabilities | -1,461,000 | 877,000 | -2,806,000 | -1,000 | 1,000 | -102,000 | -10,513,000 | -4,000 | 2,679,000 | -2,677,000 | 2,000 | -2,000 | 1,000 | -85,000 | 1,000 | -6,736,000 | 6,038,000 | 105,000 | 53,000 | -44,000 | -21,000 | 4,000 | -5,000 | -21,000 | -22,000 | 202,000 | |||||
contingent consideration paid in excess of original estimates | 0 | -700,000 | 0 | -60,000 | -1,000 | -3,413,000 | -1,235,000 | -1,918,000 | -8,496,000 | -6,926,000 | -669,000 | -3,212,000 | -6,667,000 | -7,422,000 | -445,000 | -3,538,000 | 0 | 479,000 | 0 | -4,115,000 | 0 | -684,000 | 0 | 0 | -690,000 | -870,000 | -1,278,000 | ||||
net cash from operating activities | 10,027,000 | 14,123,000 | 13,970,000 | 7,351,000 | -27,122,000 | 11,495,000 | 15,143,000 | 8,119,000 | 12,097,000 | 13,050,000 | 4,880,000 | 4,094,000 | 7,350,000 | 18,179,000 | 10,006,000 | 4,627,000 | 9,303,000 | 21,910,000 | 10,693,000 | 12,206,000 | 11,921,000 | 11,954,000 | 13,633,000 | 1,240,000 | 1,363,000 | 7,484,000 | 10,300,000 | 4,873,000 | 5,352,000 | 6,072,000 | 3,073,000 |
capital expenditures | -407,000 | -315,000 | -425,000 | -544,000 | -501,000 | -471,000 | -530,000 | -897,000 | -838,000 | -699,000 | -1,094,000 | -788,000 | -884,000 | -1,438,000 | -873,000 | -428,000 | -583,000 | -384,000 | -574,000 | -479,000 | -336,000 | -549,000 | -1,028,000 | -960,000 | -375,000 | -548,000 | -222,000 | -273,000 | -205,000 | -107,000 | -908,000 |
free cash flows | 9,620,000 | 13,808,000 | 13,545,000 | 6,807,000 | -27,623,000 | 11,024,000 | 14,613,000 | 7,222,000 | 11,259,000 | 12,351,000 | 3,786,000 | 3,306,000 | 6,466,000 | 16,741,000 | 9,133,000 | 4,199,000 | 8,720,000 | 21,526,000 | 10,119,000 | 11,727,000 | 11,585,000 | 11,405,000 | 12,605,000 | 280,000 | 988,000 | 6,936,000 | 10,078,000 | 4,600,000 | 5,147,000 | 5,965,000 | 2,165,000 |
cash flows from investing activities: | |||||||||||||||||||||||||||||||
expenditures for property and equipment | -407,000 | -315,000 | -425,000 | -544,000 | -501,000 | -471,000 | -530,000 | -897,000 | -838,000 | -699,000 | -1,094,000 | -788,000 | -884,000 | -1,438,000 | -873,000 | -428,000 | -583,000 | -384,000 | -574,000 | -479,000 | -336,000 | -549,000 | -1,028,000 | -960,000 | -375,000 | -548,000 | -222,000 | -273,000 | -205,000 | -107,000 | -908,000 |
proceeds from sale of property and equipment | 0 | 448,000 | 0 | 0 | 38,000 | 1,463,000 | 0 | 0 | 0 | 618,000 | |||||||||||||||||||||
expenditures for capitalized software | -2,419,000 | -1,965,000 | -1,893,000 | -2,097,000 | -1,794,000 | -2,410,000 | -2,773,000 | -3,117,000 | -3,006,000 | -3,100,000 | -3,257,000 | -3,533,000 | -2,660,000 | -2,721,000 | -2,968,000 | -2,894,000 | -2,347,000 | -1,958,000 | -1,676,000 | -1,622,000 | -1,695,000 | -1,166,000 | -845,000 | -810,000 | -660,000 | -578,000 | -749,000 | -696,000 | -370,000 | -412,000 | -332,000 |
acquisitions of businesses, net of cash acquired | 0 | -37,400,000 | -52,500,000 | -59,595,000 | -10,174,000 | -85,638,000 | -20,224,000 | -21,000,000 | -5,500,000 | ||||||||||||||||||||||
net cash from investing activities | -62,826,000 | -1,832,000 | -2,318,000 | 82,449,000 | -2,257,000 | -1,418,000 | 412,905,000 | -4,386,000 | -5,198,000 | -7,171,000 | -6,105,000 | -4,285,000 | -16,600,000 | -94,530,000 | -3,695,000 | -9,752,000 | -37,245,000 | -62,353,000 | 631,000 | -41,012,000 | -54,605,000 | -61,329,000 | -29,687,000 | -1,863,000 | -2,099,000 | -1,782,000 | -12,023,000 | -86,760,000 | -22,919,000 | -22,026,000 | -7,099,000 |
cash flows from financing activities: | |||||||||||||||||||||||||||||||
proceeds from revolving credit facility | 139,459,000 | 612,000 | 350,000 | 21,972,000 | 34,309,000 | 1,743,000 | 90,909,000 | 89,624,000 | 141,725,000 | 64,694,000 | 54,586,000 | 44,625,000 | 108,807,000 | 157,004,000 | 77,055,000 | 78,830,000 | 74,826,000 | 105,009,000 | 40,552,000 | 86,820,000 | 87,189,000 | 88,255,000 | 47,099,000 | 44,033,000 | 49,708,000 | 31,283,000 | 38,572,000 | 97,419,000 | 27,500,000 | 25,000,000 | 8,000,000 |
payments on revolving credit facility | -58,459,000 | -612,000 | -350,000 | -33,972,000 | -22,309,000 | -1,743,000 | -442,309,000 | -84,439,000 | -61,049,000 | -71,661,000 | -59,479,000 | -42,116,000 | -100,914,000 | -79,025,000 | -99,445,000 | -59,747,000 | -46,008,000 | -49,900,000 | -53,991,000 | ||||||||||||
payments to extinguish exchangeable notes | 0 | 0 | |||||||||||||||||||||||||||||
payments for repurchases of class a common stock, including related excise taxes | |||||||||||||||||||||||||||||||
net payments for settlement obligations | 393,000 | -49,000 | |||||||||||||||||||||||||||||
payments for required distributions to members or on behalf of members for tax obligations | -1,739,000 | -23,000 | -418,000 | -910,000 | |||||||||||||||||||||||||||
payments for required distributions to members under the tax receivable agreement | -78,000 | 0 | |||||||||||||||||||||||||||||
proceeds from stock option exercises | 0 | 129,000 | 150,000 | 0 | 0 | 150,000 | 0 | 26,000 | 50,000 | 50,000 | 54,000 | 77,000 | 400,000 | 43,000 | 174,000 | 292,000 | 287,000 | 148,000 | 851,000 | 290,000 | 0 | 2,000 | 472,000 | 282,000 | |||||||
payments for employees' tax withholdings from net settled stock option exercises and rsu releases | -964,000 | -3,608,000 | |||||||||||||||||||||||||||||
net cash from financing activities | 23,743,000 | -40,451,000 | -131,000 | -44,254,000 | -49,562,000 | -10,467,000 | -352,147,000 | 2,670,000 | -10,690,000 | -7,195,000 | -6,577,000 | -1,940,000 | 7,244,000 | 76,925,000 | -12,662,000 | 7,928,000 | 28,544,000 | 49,223,000 | -13,416,000 | 31,619,000 | 35,678,000 | 48,222,000 | 25,969,000 | 8,137,000 | 1,641,000 | -6,635,000 | 1,798,000 | 82,953,000 | 18,073,000 | 16,270,000 | 1,777,000 |
net decrease in cash, cash equivalents and restricted cash | -29,056,000 | -28,160,000 | -78,941,000 | -390,000 | |||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 0 | 67,333,000 | 0 | 0 | 89,597,000 | 0 | 0 | 12,400,000 | 0 | 0 | 23,765,000 | 0 | 0 | 17,931,000 | |||||||||||||||||
cash, cash equivalents and restricted cash at end of period | -29,056,000 | 39,173,000 | 45,546,000 | -78,941,000 | 89,207,000 | 6,403,000 | -3,791,000 | 11,084,000 | -2,131,000 | -2,006,000 | 24,339,000 | 2,803,000 | 602,000 | 26,711,000 | |||||||||||||||||
supplemental disclosure of cash flow information: | |||||||||||||||||||||||||||||||
cash paid for interest | 727,000 | 165,000 | 168,000 | 323,000 | 381,000 | 59,000 | 7,719,000 | 7,666,000 | 7,918,000 | 6,189,000 | 6,988,000 | 4,222,000 | 5,987,000 | 4,279,000 | 3,557,000 | 1,957,000 | 2,104,000 | 1,367,000 | 1,628,000 | 1,032,000 | 1,348,000 | 420,000 | 1,295,000 | 674,000 | 1,310,000 | 1,971,000 | 1,931,000 | 1,423,000 | 827,000 | 730,000 | -1,080,000 |
cash paid for income taxes, net of refunds | 2,139,000 | 870,000 | |||||||||||||||||||||||||||||
payments for repurchases of class a common stock | -37,938,000 | 0 | -26,106,000 | -308,000 | -11,190,000 | ||||||||||||||||||||||||||
net proceeds from settlement obligations | 989,000 | ||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||
amortization of debt discount and issuance costs | 414,000 | 202,000 | 583,000 | 368,000 | 361,000 | 1,483,000 | 1,459,000 | 1,437,000 | 1,416,000 | 1,393,000 | 1,373,000 | 1,352,000 | 1,332,000 | 1,429,000 | 1,436,000 | ||||||||||||||||
gain on repurchase of exchangeable notes | 0 | 0 | |||||||||||||||||||||||||||||
loss on sale of exchangeable senior note hedges | 0 | 0 | |||||||||||||||||||||||||||||
gain on repurchases of warrants | 0 | 0 | |||||||||||||||||||||||||||||
net gain on sale of investments | |||||||||||||||||||||||||||||||
gain on sale of businesses | |||||||||||||||||||||||||||||||
write down of intangible asset | |||||||||||||||||||||||||||||||
increase in non-cash contingent consideration expense from original estimate | 876,000 | 6,183,000 | 2,279,000 | 1,443,000 | -959,000 | 8,254,000 | 11,503,000 | 4,927,000 | 1,305,000 | 3,609,000 | 322,000 | 1,904,000 | 52,000 | -1,473,000 | -142,000 | 154,000 | 1,653,000 | -417,000 | 2,502,000 | -349,000 | 586,000 | ||||||||||
purchases of merchant portfolios and residual buyouts | 0 | -787,000 | -371,000 | -1,331,000 | -2,883,000 | -1,729,000 | -75,000 | -112,000 | -275,000 | -319,000 | -111,000 | -80,000 | -1,052,000 | -545,000 | -878,000 | -126,000 | -2,108,000 | -474,000 | 0 | ||||||||||||
proceeds from sale of merchant services business, net of cash sold | |||||||||||||||||||||||||||||||
proceeds from sale of healthcare rcm business, net of cash sold | 0 | ||||||||||||||||||||||||||||||
payments for other investing activities | -55,000 | -5,000 | -23,000 | -11,000 | -24,000 | 0 | -425,000 | -802,000 | |||||||||||||||||||||||
proceeds from investments | 0 | 111,000 | -19,000 | 203,000 | |||||||||||||||||||||||||||
payments for repurchase of exchangeable notes | 0 | 0 | -10,607,000 | ||||||||||||||||||||||||||||
proceeds from sale of exchangeable senior note hedges | 0 | 0 | 988,000 | 250,000 | |||||||||||||||||||||||||||
payments for repurchases of warrants | 0 | 0 | -433,000 | -119,000 | |||||||||||||||||||||||||||
payments of debt issuance costs | -7,000 | -24,000 | 0 | -607,000 | 0 | -87,000 | -85,000 | ||||||||||||||||||||||||
cash paid for contingent consideration | -17,000 | 0 | 0 | -1,997,000 | -3,660,000 | -175,000 | -1,000,000 | -7,952,000 | -11,161,000 | 0 | -6,217,000 | 0 | -1,150,000 | 0 | -1,736,000 | -504,000 | -866,000 | 0 | 0 | -1,904,000 | -730,000 | 0 | |||||||||
payments for employee's tax withholdings from net settled stock option exercises and rsu releases | -475,000 | 0 | -204,000 | -232,000 | |||||||||||||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | -1,153,000 | 9,915,000 | 7,514,000 | 905,000 | -933,000 | 75,000 | 1,066,000 | 506,000 | 316,000 | ||||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of period | 0 | 0 | 0 | 20,601,000 | 0 | 0 | 0 | 3,200,000 | 0 | 0 | 0 | 1,237,000 | |||||||||||||||||||
cash, cash equivalents, and restricted cash at end of period | -2,092,000 | 2,813,000 | -7,006,000 | 19,448,000 | 9,915,000 | 7,514,000 | 905,000 | 2,267,000 | 75,000 | 1,066,000 | 506,000 | 1,553,000 | |||||||||||||||||||
gain on sale of healthcare rcm business | |||||||||||||||||||||||||||||||
acquisitions of businesses, net of cash and restricted cash acquired | 0 | 0 | -1,100,000 | 0 | -12,500,000 | -89,497,000 | -6,400,000 | -34,315,000 | -60,000,000 | ||||||||||||||||||||||
proceeds from other investing activities | 4,000 | 0 | 4,000 | ||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | -1,316,000 | -2,131,000 | -2,006,000 | 574,000 | 2,803,000 | 602,000 | 8,780,000 | ||||||||||||||||||||||||
cash paid for income taxes | 955,000 | 34,107,000 | 50,000 | 346,000 | 1,608,000 | 4,988,000 | 388,000 | 1,305,000 | 512,000 | 1,247,000 | 172,000 | 244,000 | 247,000 | 32,000 | 556,000 | 7,000 | 216,000 | 388,000 | 142,000 | -25,000 | 287,000 | -23,191,000 | 22,686,000 | 1,820,000 | 105,000 | 346,000 | |||||
adjustments to loss on sale of merchant services business | |||||||||||||||||||||||||||||||
net proceeds from (payments for) settlement obligations | 573,000 | ||||||||||||||||||||||||||||||
payments for required distributions to members for tax obligations | 29,000 | -928,000 | -34,000 | -155,000 | 0 | 0 | |||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||||
gain on sale of merchant services business | |||||||||||||||||||||||||||||||
proceeds from issuance of class a common stock, net of underwriting discounts and offering costs | |||||||||||||||||||||||||||||||
payments for employee's tax withholdings from net settled stock option exercises | -21,000 | -89,000 | -394,000 | -317,000 | 157,000 | -21,000 | -347,000 | -163,000 | -200,000 | -189,000 | 0 | ||||||||||||||||||||
net loss | 3,449,000 | -6,078,000 | -4,410,000 | -4,688,000 | -10,438,000 | -3,681,000 | |||||||||||||||||||||||||
net (payments for) proceeds from settlement obligations | |||||||||||||||||||||||||||||||
provision for income taxes | -1,420,000 | 182,000 | 2,068,000 | -563,000 | 355,000 | -1,810,000 | |||||||||||||||||||||||||
settlement obligations | -1,355,000 | -5,920,000 | 3,608,000 | -4,601,000 | 4,246,000 | 1,175,000 | -907,000 | -762,000 | 2,581,000 | ||||||||||||||||||||||
payments of equity issuance costs | |||||||||||||||||||||||||||||||
loss on repurchase of exchangeable notes | 1,469,000 | ||||||||||||||||||||||||||||||
acquisition of other intangibles | -2,000 | 0 | 0 | -11,000 | 0 | -11,000 | -74,000 | -19,000 | -14,000 | -13,000 | -12,000 | -111,000 | 0 | -27,000 | -12,000 | -33,000 | -359,000 | ||||||||||||||
payments for loans to third parties | |||||||||||||||||||||||||||||||
proceeds from loans to third parties | |||||||||||||||||||||||||||||||
proceeds from sale of investments | |||||||||||||||||||||||||||||||
proceeds from borrowings on exchangeable notes | 0 | 0 | |||||||||||||||||||||||||||||
payments for purchase of exchangeable senior note hedges | 0 | 0 | |||||||||||||||||||||||||||||
proceeds from issuance of warrants | 0 | 0 | |||||||||||||||||||||||||||||
proceeds from issuance of class a common stock sold in public offering, net of underwriting discounts and offering costs | 90,027,000 | ||||||||||||||||||||||||||||||
payments for common units in i3 verticals, llc from selling unit holders | |||||||||||||||||||||||||||||||
provision for doubtful accounts | 200,000 | 199,000 | 116,000 | -107,000 | 0 | 67,000 | 62,000 | 72,000 | 41,000 | 43,000 | 21,000 | -13,000 | -15,000 | 43,000 | 15,000 | -19,000 | |||||||||||||||
amortization of capitalized customer acquisition costs | 354,000 | 11,000 | 167,000 | 138,000 | 129,000 | 119,000 | 88,000 | ||||||||||||||||||||||||
unrealized gain on investment | 0 | ||||||||||||||||||||||||||||||
loans to third parties | |||||||||||||||||||||||||||||||
loss on disposal of assets | 0 | 0 | 0 | 0 | 8,000 | 0 | |||||||||||||||||||||||||
benefit from deferred income taxes | -228,000 | 129,000 | -110,000 | ||||||||||||||||||||||||||||
debt issuance cost write offs | |||||||||||||||||||||||||||||||
amortization of capitalized client acquisition costs | 110,000 | 104,000 | |||||||||||||||||||||||||||||
payments of revolving credit facility | -38,948,000 | -82,053,000 | -28,079,000 | -164,745,000 | -38,390,000 | -37,005,000 | -2,862,000 | -5,250,000 | -6,750,000 | -4,750,000 | |||||||||||||||||||||
payments of notes payable to banks | 0 | -32,500,000 | -1,250,000 | -1,250,000 | -1,250,000 | ||||||||||||||||||||||||||
payments for common units in i3 verticals, llc from selling unitholders | |||||||||||||||||||||||||||||||
debt issuance costs write offs | 0 | ||||||||||||||||||||||||||||||
net (decrease) in cash, cash equivalents, and restricted cash | 2,813,000 | ||||||||||||||||||||||||||||||
non-cash change in fair value of warrant liability | 0 | ||||||||||||||||||||||||||||||
proceeds from notes payable to banks | 0 | ||||||||||||||||||||||||||||||
payment of notes payable to mezzanine lenders | 0 | ||||||||||||||||||||||||||||||
payment of unsecured notes payable to related and unrelated creditors | 0 | ||||||||||||||||||||||||||||||
proceeds from the exercise of mezzanine warrants and junior subordinated notes warrants | 0 | ||||||||||||||||||||||||||||||
proceeds from issuance of class a common stock sold in initial public offering, net of underwriting discounts and offering costs | -223,000 | ||||||||||||||||||||||||||||||
payment of debt issuance costs | -16,000 | 0 | |||||||||||||||||||||||||||||
amortization of deferred financing costs | 100,000 | 102,000 | 154,000 | 232,000 | 233,000 | 237,000 | |||||||||||||||||||||||||
debt extinguishment costs | 0 | ||||||||||||||||||||||||||||||
payments for common units in i3 verticals, llc from selling shareholders | |||||||||||||||||||||||||||||||
proceeds from the issuance of class a units | |||||||||||||||||||||||||||||||
payment of equity issuance costs for class a unit issuances | |||||||||||||||||||||||||||||||
required distributions to members for tax obligations | -35,000 | -1,002,000 | |||||||||||||||||||||||||||||
(benefit from) deferred income taxes | |||||||||||||||||||||||||||||||
payments for common units in i3 verticals, llc from selling shareholder | 0 | ||||||||||||||||||||||||||||||
benefit for deferred income taxes | |||||||||||||||||||||||||||||||
restricted cash | |||||||||||||||||||||||||||||||
payment of equity issuance costs for 2017 class a unit issuance | |||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | |||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | |||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | |||||||||||||||||||||||||||||||
supplemental disclosure of non-cash investing and financing activities: | |||||||||||||||||||||||||||||||
common units issued as part of acquisitions' purchase consideration | |||||||||||||||||||||||||||||||
acquisition date fair value of contingent consideration in connection with business combinations | |||||||||||||||||||||||||||||||
replacement of 2016 senior secured credit facility with senior secured credit facility | |||||||||||||||||||||||||||||||
mezzanine notes net settled with mezzanine warrant exercises | |||||||||||||||||||||||||||||||
unsecured notes payable to related and unrelated creditors net settled with junior subordinated notes warrants | |||||||||||||||||||||||||||||||
settlement of warrant liability with equity as a result of mezzanine warrant exercise | |||||||||||||||||||||||||||||||
preferred return on redeemable class a units | |||||||||||||||||||||||||||||||
preferred return on class a units | |||||||||||||||||||||||||||||||
debt issuance costs financed with proceeds from senior secured credit facility | |||||||||||||||||||||||||||||||
conversion of notes payable to related and unrelated creditors to class a common stock | |||||||||||||||||||||||||||||||
increase in accrued equity issuance costs |
