AbstractCovalent organic frameworks (COFs), as a burgeoning class of crystalline porous materials, have made significant progress in their application to optoelectronic devices such as field‐effect transistors, memristors, and photodetectors. However, the insoluble features of microcrystalline two‐dimensional (2D) COF powders limit development of their thin film devices. Additionally, the exploration of spin transport properties in this category of π‐conjugated skeleton materials remains vacant thus far. Herein, an imine‐linked 2D Py‐Np COF nanocrystalline powder was synthesized by Schiff base condensation of 4,4′,4′′,4′′′‐(pyrene‐1,3,6,8‐tetrayl)tetraaniline and naphthalene‐2,6‐dicarbaldehyde. Then, we prepared a large‐scale free‐standing Py‐Np COF film via a top‐down strategy of chemically assisted acid exfoliation. Moreover, high‐quality COF films acted as active layers were transferred onto ferromagnetic La0.67Sr0.33MnO3 (LSMO) electrodes for the first attempt to fabricate organic spin valves (OSVs) based on 2D COF materials. This COF‐based OSV device with a configuration of LSMO/Py‐Np COF/Co/Au demonstrated a remarkable magnetoresistance (MR) value up to −26.5 % at 30 K. Meanwhile, the MR behavior of the COF‐based OSVs exhibited a highly temperature dependence and operational stability. This work highlights the enormous application prospects of 2D COFs in organic spintronics and provides a promising approach for developing electronic and spintronic devices based on acid‐exfoliated COF thin films.