Passive decoy-state quantum key distribution is more desirable than the active one in some scenarios. It is also affected by the imperfections of the devices. In this paper, the influence of modulator attenuation on the passive decoy-state method is considered. We introduce and analyze the unbalanced Mach–Zehnder interferometer, briefly, and combining with the virtual source and imaginary unitary transformation, we characterize the passive decoy-state method using a weak coherent photon source with modulator attenuation. According to the attenuation parameter δ, the pass efficiencies are given. Then,the key generation rate can be acquired. From numerical simulations, it can be seen that modulator attenuation has a nonnegligible influence on the performance of passive-state QKD protocol. Based on the research, the analysis method of virtual source and imaginary unitary transformation are preferred in analyzing passive decoy state protocol, and the passive decoy-state method is better than the active one and is close to the active vacuum + weak decoy state under the condition of having the same modulator attenuation. Passive decoy-state quantum key distribution is more desirable than the active one in some scenarios. It is also affected by the imperfections of the devices. In this paper, the influence of modulator attenuation on the passive decoy-state method is considered. and analyze the unbalanced Mach-Zehnder interferometer, briefly, and combining with the virtual source and imaginary unitary transformation, we characterize the passive decoy-state method using a weak coherent photon source with modular attenuation. According to the attenuation parameter δ, the pass efficiencies From numerical simulations, it can be seen that modulator attenuation has a nonnegligible influence on the performance of passive-state QKD protocol. Based on the research, the analysis method of virtual source and imaginary unitary transformation are preferred in analyzing passive decoy state protocol, and the passive decoy-state method is better than the active one and is close to the active vacuum + weak decoy state under the condition of having the same modulator attenuation.