Thermally activated delayed fluorescence (TADF)‐based materials are attracting widespread attention for different applications owing to their ability of harvesting both singlet and triplet excitons without noble metals in their structures. As compared to the conventional fluorescence and room‐temperature phosphorescence pathways, TADF originates from the reverse intersystem crossing process from the excited triplet state (T1) to the singlet state (S1). Therefore, TADF emitters enabling activated and long lifetime T1 excitons are potential candidates for generating long‐lived afterglow emission, an effect that can still be observed for a while by the naked eye after the removal of the excitation light source. Recently, TADF‐based organic afterglow materials featuring high photoluminescence quantum yields and long lifetimes above 100 ms under ambient conditions, have emerged for advanced information security, high‐contrast biological imaging, optoelectronic devices, and intelligent sensors, whereas the related systematic review is still lacking. Herein, the recent progress in TADF‐based organic afterglow materials is summarized and an overview of the photophysical mechanism, design strategies, and the performances for relevant applications is given. In addition, the challenge and perspective of this area are given at the end of the review.